Hi Ben,
Realtors use many different catch phrases. Motivated seller is another. Aren't all sellers motivated and their property is prices to sell. Sometimes these are code for seller will take less.
All the best ,
James Joseph
The R/E Maven

It "should" mean the price is low for the area. Have your agent check on this though, before you make an offer!

Ben -

I wonder the same thing. Priced to sell ...shouldn't every home be "priced to sell"? Verses "Priced NOT to sell"? In my personal opinion those sign riders are for those homes that have been sitting and the agent doesn't want to put a (or another ) REDUCED PRICE sign up so they put up the PRICED TO SELL.

Sellers are having a very difficult time in this market understanding that in many areas the prices are changing almost weekly. It is a real truth that most areas should be adjusting their price every 2 weeks. In areas where there is at least 5-10% foreclosures on the market, you are looking at almost a 1% -2% decrease every two weeks. You can imagine the angst that generates when talking with a seller and either they are watching their nest egg disappear or for a recent home buyer struggling to simply get out without short selling or going through foreclosure. Tough market.

Week 1 - $700,000
Week 3 - $686,000
Week 5 - $673,000 ....
ouch...

And then I must add, the buyers have 5K worth of inventory to look at in the greater San Jose area and they have one voice on their right shoulder saying "Don't buy, wait for the bottom" and another voice on the left shoulder saying "Buy before interest rates go up and Fannie Mae/Freddie Mac are the only lenders".

This market breeds indecision on everyone's part. And guess what? It simply will not get better until sellers lower prices, buyers start buying, and agents get better at win-win-win-win. (seller, seller's agent, buyer, buyer's agent.)

CJ now stepping down off soap box....

Thanks for the question.

Hi Ben;
When I see the note "Priced to Sell" I just ignore it. The Seller or the Seller's agent has added that phrase to the marketing material to give the impression that this is a great deal, and you better move fast or it will be gone. In the end it is up to you whether or not it is a good deal or just another property on the market.
I have seen plenty of homes with the note "Priced to Sell" languish with no offers.
Do your research, and you will find a home that is Priced right for you.
Good Luck

Hi there Ben!

It does mean that the seller wants to move the property quickly so it is priced typically under market! If you are unsure, have your agent get you some comparables for homes that have sold in that area with the same square footage, bedrooms, lot size etc and then you will be able to see if the house truly is "priced to sell" That will make you feel better about the deal you are supposedly getting! And, if it truly is a great deal and you love the home, have your agent write the offer right away so you can get it accepted!

Good luck to you!

Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730
951-204-1864 http://www.calljoan4homes.com
909-945-5407 fax

These are all great definitions, let me give it a shot: It means that the house is selling below or right at market value.

Price to sell means that the seller or agent thinks that the price the are selling it for is a good price and therefore the home should sell quickly at that price.

Its all subjective. In todays market, it means " I needed to sell this yesterday!"

usually it means priced under market value or under assessed value.