Great pricing story: How exactly does the market work?
Getting the top price for their home is the subject of every discussion I have with every seller. What is the best pricing strategy and how important is it to achieve that goal? Here are some of my thougths on pricing and a good example on the workings of the market. This is not an isolated case, it applies to any home, in any area, in any market.
Here is a prime property in a prime area – http://bit.ly/sT3P1J
First listed at 1.250 mil. It sat on the market for almost 2 months – Sellers take it off the market, then slash the price drastically to 1.1 million to generate multiple bids.
End result: Property sells in a few days for 1.285 mil, higher than the original asking price.
The moral of the story: If you want the top price for your home, when choosing a pricing approach, let the market tell you what it's worth by being reasonable from the start. Click here for my thoughts on pricing.
If the content and articles I have created are of value to you, please share it with and Introduce me to your friends. Be sure to visit my new Facebook Fan Page called Unconventional Wisdom for Today's Seller. "Like" us on Facebook at http://www.vladbregman.com/facebook.
Do you have a great Real Estate Story to tell? Tell us your best story and you could win great prizes and we might even use it in our next newsletter! Visit http://www.Vladbregman.com/yourstory for full details.
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Add your feedback and comments below!... We'd love to hear your thoughts on this topic.
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Tagged as:
Real Estate,
real estate market,
Riverdale,
Toronto Real Estate
Great pricing story: How exactly does the market work?
Getting the top price for their home is the subject of every discussion I have with every seller. What is the best pricing strategy and how important is it to achieve that goal? Here are some of my thougths on pricing and a good example on the workings of the market. This is not an isolated case, it applies to any home, in any area, in any market.
Here is a prime property in a prime area – http://bit.ly/sT3P1J
First listed at 1.250 mil. It sat on the market for almost 2 months – Sellers take it off the market, then slash the price drastically to 1.1 million to generate multiple bids.
End result: Property sells in a few days for 1.285 mil, higher than the original asking price.
The moral of the story: If you want the top price for your home, when choosing a pricing approach, let the market tell you what it's worth by being reasonable from the start. Click here for my thoughts on pricing.
If the content and articles I have created are of value to you, please share it with and Introduce me to your friends. Be sure to visit my new Facebook Fan Page called Unconventional Wisdom for Today's Seller. "Like" us on Facebook at http://www.vladbregman.com/facebook.
Do you have a great Real Estate Story to tell? Tell us your best story and you could win great prizes and we might even use it in our next newsletter! Visit http://www.Vladbregman.com/yourstory for full details.
Add your feedback and comments below!... We'd love to hear your thoughts on this topic.
Put Vlad's Seller's expertise to work for you!... If you're looking to sell your home, contact Vlad now to get it done right.
Know someone who is selling their home?... Use the link below to Share or Email this article so they too can benefit from this knowledge.
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Tagged as: Real Estate, real estate market, Riverdale, Toronto Real Estate