Tuesday, December 18, 2007

Market Brings New Rules for Pricing a House

How do you price a home in this market? Pat Hiban of the Pat Hiban Real Estate Group in Ellicott City, Md., says comparables are irrelevant these days. Read More
Posted by at
Labels: , , ,

3 comments:

Anonymous said...

I insisted that my realtor price my house at $870,000 - the highest price in the range she suggested. My house sat on the market for 6 months... we kept dropping the price but so was everyone else! I FINALLY sold the house three weeks ago, for $780,000! Now I wish I had just listed at $835,000... maybe I could have gotten more if I had been realistic to begin with!

December 21, 2007 at 11:59 AM
Anonymous said...

You're not the only one! My husband and I bought our house three years ago, so we didn't want to list at a price so close to what we bought the house for. Unfortunately, we ended up LOSING money on the sale because we held on to our price while other owners were dropping theirs. Guess we learned our lesson - BIG TIME!

December 21, 2007 at 1:14 PM
Anonymous said...

I took my realtor's advice and priced my home at the lower end. I was reluctant to lower the price as the market continued to decline; but I ended up taking an offer that was $30,000 below the list price just because I needed to get out. I guess you just have to roll with the punches!

January 9, 2008 at 3:20 PM

Post a Comment

Subscribe to: Post Comments (Atom)

The BZPros Home Selling Team

The BZPros Home Selling Team
Whether you are looking to buy or sell, a first-time buyer or a seasoned investor, here you will find a wealth of Real Estate resources designed to help more effectively navigate your purchase or sale. We have a network of qualified professionals available to assist you with every aspect of your sale and/or purchase such as: remodeling or updating, property inspection services, mortgage services, design work, insurance and more.

We are continually working to improve our services by adding new resources and we always welcome your suggestions!

Sellers: Find out the current market conditions, learn tips to sell your home faster and for top dollar, stay up-to-date on market trends that may effect the value of your home, and much more! It's all here, 24 hours a day, 7 days a week.

Buyers: From here you can search the Pasadena-Foothills MLS® and the new California MLS® for your dream home based on the your own criteria, learn more about mortgages and financing, get tips on how to start the home search process, also don't forget to sign up for our "Elite Buyer's" program to save time, money and stay on top of the current market.

Call Us Toll Free 1-800-941-2297

Privacy Policy

We understand the power that the Internet holds for changing your life and making things easier for you. These benefits are at risk if people are concerned about their personal privacy. We are committed to providing you with an Internet experience that respects and protects your personal privacy choices and concerns.In general, we gather information about all of our users collectively. We only use such information anonymously and in the aggregate. This information helps us determine what is most beneficial for our users, and how we can continually create a better overall experience for you.

Links

This site contains links to other sites. These sites have their own policies and practices with respect to online privacy, and This site cannot be responsible for the privacy practices or the content of these Web sites.