Comments on: 4 Real Estate Lessons For Sellers

By: HowToBcome

HowToBcome — Mon, 24 Oct 2011 22:36:51 +0000

You said that you were going for $5000-$6000 under market price, but during that time, how did you determine what market price was? I know that similar houses around my neighborhood were listed all over the the spectrum and there was really no centralized price they were list at…just a matter how desperate they wanted to get rid of their property.

By: Mr. Foxson

Mr. Foxson — Tue, 24 Nov 2009 17:40:20 +0000

I believe in NJ your agent is required to present all written offers within 48 hours.
If his lack of action caused you to lose a sale, you can sue him for the loss!

By: The Online Investing AI Blog » Weekly Wisdom: Tricks, Treats, And Tips

The Online Investing AI Blog » Weekly Wisdom: Tricks, Treats, And Tips — Mon, 26 Oct 2009 08:36:43 +0000

[...] Is selling your house haunting you? Here are 4 Real Estate Lessons For Sellers. [...]

By: Money Hacks Carnival #87

Money Hacks Carnival #87 — Wed, 21 Oct 2009 11:39:44 +0000

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By: Tim Forrest

Tim Forrest — Tue, 20 Oct 2009 12:50:37 +0000

Here is another lesson: Keep the design in tune with your target market.

My wife and I were trolling the MLS listings and found a house that was within our range, it had lots of fancy feature you don’t normally see at that level: Sauna, Hot Tube, Curved Walls, and a full acre lot. Then we noticed that it had a gravel driveway.

Now it was obvious why they had to price the house so low.

By: MPG

MPG — Tue, 13 Oct 2009 13:28:35 +0000

A lot of people get over-precious about the house price, not least because realtors keep trying to push prices up, while buyers keep trying to pull downwards.

The result is that too often people try and stick to the realtors valuation, thinking it’s realistic, when really it’s only the buyer offers that are realistic.

Here’s the really big revelation – a house that doesn’t sell for $169,000 gains you nothing, a house that sells for $149,000 gains you $149,000.

If it doesn’t sell, you aren’t making money, and while the property markets continue downward, you’re even less likely to unlock the equity in your home.

So there really is no $20,000 loss in your example, because that $20k never existed in the first place.

But so many people *just don’t get that*.

2c.

By: Financial Samurai

Financial Samurai — Sun, 11 Oct 2009 00:15:55 +0000

Thanks for your feedback! Once you price it wrong, it becomes deathly stalefish listing. Pricing is absolutely KEY. There’s a whole Pricing class at many business schools, including the one I went to at Berkeley.

I’m impressed you lived in a 2/1 with a family of four. Definitely worth moving up. Life is short!

See you over at Financial Samurai one day.

By: Haggel

Haggel — Sat, 10 Oct 2009 14:39:01 +0000

I don’t think you should sell the house now because of market conditions. After a few years house prices will start to climb up just like the stock market. The Dow Jones is up over 40 percent from its lows.

You don’t need an agent to sell your house. There is a great website called zillow.com where you can sell your house for free and get to keep over $6,000 in your pocket instead of giving it away to a salesman.

By: Ed

Ed — Thu, 08 Oct 2009 12:27:03 +0000

Congratulations!