[5-DayForum] A thought about prices

[mzmercury65 at aol.com]

 Hi Scott,

We have similar issues with our house.? Because we are rural and not everyone knows about the area that I live in, if I were to price my house with its magic number of 199,500, it wouldn't raise any eyebrows because there are a wide range of prices here and the magic number for our home would just look to someone from the outside like one of the lower priced homes.? Although my home falls in the mid 400 range, I believe I will have to go down to 99,500 to raise enough interest to get people to call.

I believe you shouldn't fool with the 5 day sale method for the most part, but as you can see from some of the problems that rural or other unusual areas have when using the method, we may have to go lower for magic numbers and be VERY aggressive in our advertising.

Theresa


 


 








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?

  
?

  
?

  
?

  



_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  




 





_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



 


________________________________________________________________________
AOL now offers free email to everyone.  Find out more about what's free from AOL at AOL.com.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20070809/e4aeef68/attachment.html