[5-DayForum] A thought about prices

[Scott Ames]

A thought occured to me about starting prices. 
   
  If I see a home with a magic number of $264,500,, ( real example  in our area ) how do I know that's a good deal? I guess the area it's in might give a clue, but not every time. 
   
  In that case the property actually sold for $519,000. I viewed the property mostly because I was interested in 5 Day Sales. Her highest bid while I was there ( on the sheet ) was $350,000. I was surprised at the selling price which by the way, was exactly what Zillow.com thought it was worth.
   
  It was cute. She was joyfully showing everyone the home while clutching a copy of "How to Sell your Home in 5 Days" 
   
  Homes in our area are from $130,000 for a condo or small house, to $5 million on the high end with a lot of them falling in the $300,000 to $500,000 range. The $264,500 home may have been worth $264,500 or it could have been a home like it was, worth $519,000.
   
  What can we do in the advertisement to feature the value? I've seen some put in text like "Appraised at $519,000" Does that help or hinder the sale?
   
   
   
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