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True meaning of "Priced to Sell"

Started by stefanijoy
over 14 years ago
Posts: 12
Member since: May 2010
Discussion about
I'm interested in bidding on an apartment that is being listed as "Priced to Sell." Does this mean that the owners probably won't budge on the price or is there still room for negotiation? Any feedback would be appreciated! Thanks.
Response by KeithB
over 14 years ago
Posts: 976
Member since: Aug 2009

"Priced to sell" means nothing, actually it's a silly phrase. Are other properties "not priced to sell?" Look at the comps in the building, analyse and make appropriate adjustments for condition, light, view etc..
Then come up with an appropriate range based on on your own financial and emotional components.

Then see if it is truly "priced to sell".

Keith Burkhardt
The Burkhardt Group

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Response by stefanijoy
over 14 years ago
Posts: 12
Member since: May 2010

I know, seriously! Makes it seem like any apartment NOT priced to sell is basically a deliberate rip off. Thanks for your feedback, Keith.

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Response by bramstar
over 14 years ago
Posts: 1909
Member since: May 2008

"Priced to sell" is broker babble (no offense, Keith) akin to other do-nothing catchphrases like "rarely available", "triple mint" and "won't last!". They all mean absolutely nothing.

It's always kind of funny when the 'won't last' listings languish on the market for months on end...

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Response by falcogold1
over 14 years ago
Posts: 4159
Member since: Sep 2008

excelsior

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Response by Wbottom
over 14 years ago
Posts: 2142
Member since: May 2010

i esp love the "priced to sell, won't last" that's been on for years, with reductions, where the fool broker hasn't bothered to change the babble-copy

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