If the price is right, the buyers will appear!


If the price is right, the buyers will appear!
By Scott Rogers • January 17, 2011
In a somewhat turbulent real estate market, it is often difficult for a seller to determine an appropriate list price. Many sellers are certainly trying to find it.... 148 of the 802 active residential listings in Harrisonburg and Rockingham County have seen a price change in the past 60 days. So, what does it take? Is there a magical number, below which a house will instantly sell? Sometimes there is! A house that has been listed with our company for over a year has seen quite a few price reductions, but the most recent change in price (-$20,000) apparently brought it to a price where it was much more marketable! After over a year without an offer, there were four offers on this property within a 10 day period! That house is now, thankfully, under contract --- though two of the hopeful buyers each increased their offers to fight it out for the opportunity to buy this now very well priced home. Reducing (and reducing, and reducing) the list price of a home until it sells won't always work -- but in a decent number of cases, if you really do want to or need to sell, getting below a certain price point can all of a sudden create a flood of buyer interest. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
Comments (0) or Subscribe