Posts tagged as:

Pricing

Update or Drop the Price? Jacksonville Real Estate Question of the Week

January 20, 2011

Deferred maintenance, old school appliances, worn out carpet, bathrooms from the 60′s 70′s 80′s, outdated kitchens, big brass light fixtures.  These are just a small fraction of the updates and renovations that many homes need.  When trying to sell, these are big negatives.  This brings up the question of the week: Should I update my [...]

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Asking Price is NOT Market Value

December 9, 2010

Question of the Week:   How much is my home worth? Every week I get this question, and my response is almost always less than the owners anticipated.  It’s very easy to look up all the asking prices within a neighborhood, but those are asking prices only. A property is only worth what buyers are willing [...]

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There are only 2 ways to price a home

September 28, 2010

Priced to Sell Priced to Keep This is one of my Canadian friend’s rule of thumb on pricing, and I fully agree.  In any real estate market cycle, this rule of thumb works.  It’s one of the keys to the success that I have had at liquidating properties for owners or banks who MUST sell. [...]

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#1 Most important when Selling a House in Jacksonville or Ponte Vedra

March 25, 2010

The #1 most important item when selling a house:  PRICING! Demand for housing is very low and inventory very high which results in lower prices.  However, many owners and agents still price homes too high. 4 Reasons Owners Price their homes too High: Good Ole Days:  “3 years ago our neighbor sold for $xx”. Purchased [...]

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Jacksonville Homes For Sale – Price Slashing

June 7, 2009

Jacksonville Homes For Sale Lead the Nation in Price Slashes! This is not the best news! Based on a recent Trulia study, Jacksonville tops the nation in price cutting with 36% of all homes that get listed for sale, end up dropping their price.  This tells me those homes were over priced when they were [...]

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Selling a Home in a Buyers Market – Jacksonville, FL

May 27, 2009

7 Tips to Sell a Home in a Buyer’s Market . Expectations: Set them appropriately.  Homes take longer to sell in this market, but they ARE selling.  Is your home waterfront?  Waterfront homes in Jacksonville are always in demand, but competition is higher so set those expectations towards longer times on the market. Professional Jacksonville [...]

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Sellers compete with Short Sales, Foreclosures, and Bank Owned Homes

May 22, 2009

If you are selling in this market, you are competing against Short Sales, Foreclosures, and Bank Owned Properties in just about every community within Jacksonville.  Understand this: It’s about a 99% chance they will beat you on pricing! So how do you compete?  Simple- Be a Better Value! Jacksonville Real Estate Agent – Jacksonville waterfront [...]

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How Much is My Jacksonville Home Worth?

May 21, 2009

Jacksonville Homes have Dropped in Value . Based on a new survey from Zillow, homeowners believe their homes are worth less now than 12 months ago.   Zillow’s official numbers point to about 80% of homes ARE worth less now than 12 months ago. This is not easy for most of us to hear, but most [...]

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ALL Sellers are Motivated in this Market

April 29, 2009

Jacksonville Home Owners – Motivated to Sell . A look through the long list of homes for sale on MLS today revealed an interesting trend.  I’ve started to see listings that state, “Not a Distress Sale”. I can understand the Realtor wanting to note that the home is not a Short Sale, but in my [...]

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