Bubble Wrap
Entry
New Rules
WSJ’s RealEstateJournal gives some old but new again advice to buyers and seller in a changing market. The New Rules of Real Estate For a Cooling Housing Market advises sellers to price very carefully, a common theme these days. The quoted advice is to price in the bottom 25% of comparables, and to reduce the listing price if there is not considerable interest in the first few weeks.
Overpriced homes may never even catch the eye of their intended audience. That’s because buyers and brokers increasingly rely on computers to screen listings based on price, size and other parameters when new properties come to market. Also, listings typically generate the most excitement and interest in their first few weeks on the market.
#
posted about 3 years ago
