[5-DayForum] A thought about prices

[Bill Effros]

Hinder.

Bill Effros



Scott Ames wrote:
> 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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