Is price ranging effective?

Asked by Nm, 02116 Mon Jun 29, 2009

Would like to know pros and cons.

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Answers

5
Zelda Kohn, Agent, Pleasanton, CA
Mon Jun 29, 2009
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
1 vote
Scott A. Nel…, , 02155
Mon Jun 29, 2009
http://medfordhouseblog.blogspot.com/2009/03/prudential-valu…

I wrote an article about it on my Blog.

Hope it helps,
1 vote
Bill Eckler, Agent, Venice, FL
Mon Jun 29, 2009
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.
0 votes
Keith Sorem, Agent, Glendale, CA
Mon Jun 29, 2009
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>
0 votes
Ann Marie Be…, Agent, Sterling, MA
Mon Jun 29, 2009
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
0 votes
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