Tips, Trends and Tales from a Pro
Viewing entries tagged
tight asking price
If you’re a seller today, proper pricing is more important than ever. While it’s tempting to sign on with the broker who says your apartment can fetch a higher price than other broker estimates, expectations need to be real and achievable. When agents overprice properties—or when sellers fail to heed conservative pricing advice—valuable time is lost as the real estate sits on the market only to be ignored and ultimately discounted. Some sellers get no respect.
With each new month of 2004, sellers have been enjoying an increasing advantage. Clearly, we are in a rising market, and the pace of activity is fast and furious for property owners on the east and west side, up and downtown. Competitive bidding is becoming the norm. However, not every property is rushing out the door to contract, and we are experiencing a fair amount of buyer drop-out. Therefore, today’s sellers are cautioned to curb your enthusiasm.
