Why is pricing so important?? Mn Top Realtor Ryan Boyer Usa 4% Realty

Why is pricing a home so important from day one of the listing??? A correctly priced home that is either priced at "market" or 10% below market price will generate generate 60-75% of the potential buyers in the market will look at the property. This is extremely critical in today's market. Homes that are not priced correctly may not even get a showing. OUCH!!!!

Here is where incorrectly priced homes end up hurting the seller even more. In a declining real estate market (which we are in). Home prices per month drop 2-2.6% per month :( So the longer your home sits on the market the more money you loose. Example : $200,000 home sits on the market for a month, it looses $5,200 OUCH OUCH OUCH!!!!!

On average correctly priced homes are on the market for approximately 100-125 days. Meaning this home owner would loose around $21,000. If the home owner would have priced the home correctly at $189,900 in the beginning they would have saved over $10,000 and may have received multiple offers. :-)

In today's "declining market conditions," correctly pricing a home is critical. Many home owners want to list high and then slowly lower the price. This strategy will ensure a listing that will not sale, and will be isolated from the potential buyers in the market.

Ryan Boyer Usa 4% Realty
http://www.ryanboyer.com/
http://www.mntoprealtor.com/
http://www.stcloudtoprealtor.com/