This Home Is Priced To Sell...
Scott P. Rogers
I often chuckle when I see "Priced To Sell" in the description of a property in the MLS.
This is funny to me because in theory you should be able to adjust the price until your house sells --- but oftentimes in the current market, pricing alone won't sell a house. If a house should be priced at $330k, it could be listed or six months at $300k without finding a buyer, and then another six months at $270k without finding a buyer.
Again, great pricing does not create a buyer that isn't there to be begin with!
All that said, listings that are "priced to sell" (per the listing agent's opinion) do perform better than most....
Do bear in mind --- simply adding "priced to sell" onto your current listing won't necessarily make it sell faster --- it probably actually does need to be priced to sell!
This is funny to me because in theory you should be able to adjust the price until your house sells --- but oftentimes in the current market, pricing alone won't sell a house. If a house should be priced at $330k, it could be listed or six months at $300k without finding a buyer, and then another six months at $270k without finding a buyer.
Again, great pricing does not create a buyer that isn't there to be begin with!
All that said, listings that are "priced to sell" (per the listing agent's opinion) do perform better than most....
- The average "days on market" for the 24 listings currently advertised as "priced to sell" is 143 days, which is much lower than the average "days on market" of 239 days for all active listings.
- The average "days on market" of 151 days for the 23 listings sold in the last year that were "priced to sell" is much lower than the average of 198 "days on market" for all properties sold in the past year.
Do bear in mind --- simply adding "priced to sell" onto your current listing won't necessarily make it sell faster --- it probably actually does need to be priced to sell!
