Is price ranging effective?

Nm
Home Seller
02116

Would like to know pros and cons.

Answers (5)
Bill Eckler-Flo...
Agent
Venice, FL

Nm,

We agree that "price ranging" is at best confusing to today's buyers and in most cases serves as more of an obsticle more than a vehicle to bring the parties together.

Mon Jun 29 2009, 20:06
Zelda
Agent
02445

PROS:
- it might help you sell the home faster
- it might help you get at a better price than by simply listing a higher $, expecting lower $ offers and hoping to negotiate them as high as possible

CONS:
- you have to be prepared to accept an offer made at the low end of the range
- if the home price analysis is not done competently you will exclude those prospective buyers who are well educated about the market and the home value
- if the home is on the market long enough for the market conditions to change, the price range may not help

Web Reference: http://www.boc-re.com
Mon Jun 29 2009, 11:38
Keith Sorem
Agent
Glendale, CA

IMHO NO~!
Listings need to be priced slightly under market in order to sell, so range pricing just confuses people (sometimes we laugh to ourselves that if it is range-priced it cannot be sold for OVER the top price....ha, ha>

Mon Jun 29 2009, 10:57
Scott A. Nelson
Agent
02155

http://medfordhouseblog.blogspot.com/2009/03/prudential-valu…

I wrote an article about it on my Blog.

Hope it helps,

Mon Jun 29 2009, 08:29
Annmarie Belair
Agent
01564
FIRST ANSWER

Price ranging>??? Can you elaborate on this questions a little? Are you referring to a price range to buy a home or a price range which a home may sell???
Thanks
Ann Marie Belair
Realtor
annmariebelair@comcast.net

Mon Jun 29 2009, 08:18

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