Hi Gary, thanks for your kind words - I do believe it to my bones - I see it proven out time and again.

Best,
Jeannie Feenick
"Unwavering Commitment to Service"
Search the MLS at http://www.feenick.com

Jeanne, you really hit the nail on the head! Are you bringing frankincense gold and myrrh too. These are great answers. I am clicking submit and then giving you a thumbs up.

~~~ "the greatest excitement for a home is when it is newly listed"
~~~ "Pricing properly right out of the gate takes full advantage of the this momentum." Again! Right on the money
~~~ "I suspect what happened here is that the buyer was not new to the market and recognized that the home was fairly priced."

Gary "I'm Not Worthy" De Pury

Gary De Pury
Broker~Owner
Bay Vista Realty & Investments, Inc.
Tampa, Florida
Chairman, Communications Committee
Greater Tampa Association of REALTORS
Director, Florida Association of REALTORS

Hi Fritz, absolutely agree with Lourdes. Although it is never certain how long it will take for a home to sell, what I know with certainty is that the greatest excitement for a home is when it is newly listed. Pricing properly right out of the gate takes full advantage of the this momentum, pricing too high when first listed is an opportunity lost.

I suspect what happened here is that the buyer was not new to the market and recognized that the home was fairly priced. This is exactly what happened with a home I recently had listed in Martinsville - under contract in 11 days. Smart pricing, good timing ...and a little luck .... great combination.

If this is your story, congrats. Worry not - not underpriced - "right" priced!

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com

IF A HOUSE SELLS IN THE FIRST THREE DAYS ON THE MARKET, DOES THAT MEAN IT WAS PRICED TOO LOW?

Simple, If the house sells in the first three days on the market it means that it was priced right! If all conditions are met and both the seller and the buyer agree on the price there is nothing else to consider, time on the market is irrelevant. They were just a bit lucky to find each other early in the process!

Hello Fritz, It seems you must have had a great home and it was price right to get an offer in three days. With so many homes just sitting on the market for so long, I sure this must have been a wonderful surprise to you. I'm sure when you placed your home on the market you were wishing for a quick sale or to sell it under 6 months. Well you just got your wish. Congrats!

Hi Fritz,
No it does not necessarily mean it was priced too low. A new listing gets the most showings and potential offers. It was probably priced just right and there was a buyer out there waiting for that exact type of home to come on the market.

Thanks,
Heather Daccurso
Weichert Realtors
Office: 732-577-0440
Cell: 732-580-5309

Hi Fritz,
Don't second guess things. Count your blessings and your money and move along!
All the best,
James Joseph

I would say that if a house sold in three days...welllllllll I need the information to the title company.. :> All kidding aside, I have placed homes on the market and had them under contract within a few days and other homes ...well....NOT SO MUCH...!

The only thing that needs to happen for a house to sell is a meeting of the minds between buyer and seller. All of that other stuff....Marketing, Price, location, luck, alignment of Jupiter and the moon is cannon fodder if you can't get a buyer and seller to agree, and the thing the agree on is price, with Terms coming in at a close second.

If the seller got the price he wanted for the house, and the buyer got the house he wanted for the price, then you have created a MARKET and the market sets the price.

So in short, no......it was not underpriced, and the bed was JUST RIGHT TOO and goldilocks lived happily ever after.....

I hope this helps!

Gary De Pury
Broker-Owner
Bay Vista Realty
Tampa Florida

Absolutely not, it means that it was priced well and people noticed. If it is underpriced generally the market will correct it by multiple offers, if its overpriced the market will do nothing but forget about it.

No- It was priced to sell! That is most important!

Not necessarily. The first week can be great for a new listing because sometimes there is a buyer that is ready and they're just waiting for the right home to list. If it's priced right, it will sell.

I've seen seller's think that a quick offer means they were underpriced. They may go so far as to hold so firm to their asking that they loose the opportunity and subsequently languish on the market for months kicking themselves.

That's a difficult question to answer having never seen your house. The 3 most important things to get a house sold are price, location and condition. If you can offer all 3 of these in today's market, you will attract buyers and hopefully an offer soon. So, to try answer your question, no, it does not mean it was priced too low.