Price it Right...they will come!

Posted Jan 14, 2008 @ 3:07 pm, Viewed by 205 Visitors, Read 205 Times.

Over at MagnumOne Realty, our agent Kelly Baker listed a home in Lincoln last week. Because it have been on the market for some time with another agent and it is a short sale we made a decision to price it very aggressively since the seller needs to be done with the property and the bank had conditionally approved taking a discount.   We priced this Lincoln Crossing home less than $105 per square foot or $335,000 for a nice 4 bedroom, 3.5 bath, 3,206 square foot house. 

If you believe there are no buyers out there, guess again because the phone has been ringing off the hook and we are already in a multiple offer situation. On the same street there are a number of other homes for sale with nothing happening. I recently read one market described as 80 percent over priced and only 20 percent realistically priced. This may very well be the case with the Sacramento market. Price it right and they will come.
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3 Responses to “Price it Right...they will come!”

photo 2paula

jjalone: I agree, I think there are many buyers out there, but the key (seems to be in your market as well as mine) is they are looking for the DEAL! We continuously have the same situation, you price it good...REALLY GOOD...and you will get multiple offers within a day or two. I've seen the price get dumped and go pending within a few hours.

Posted 10 months ago
photo jjalone

Thanks for reading and the feedback, BTW, I enjoyed your blog.

Posted 10 months ago
photo 2paula

Thanks jjalone. Your post proves an interesting point, and I think many areas will experience similar situations...if they are pricing realistically, as you pointed out.

Posted 10 months ago
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jjalone

jjalone My name is Julie Jalone an I am a mother, wife and Realtor in the Sacramento area serving buyers and sellers of residential real estate. Read More

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