Take it or Leave it! Part 3
June 24th, 2010
Less is more. Why? Read on:
Simply, the value of the house, though represented by an offering price, is determined by the pool of buyers looking at groups of houses that are in a similar niche as yours. This is what is meant by the phrase: What the market will bear.
Two scenarios to be aware of:
Multiple offers: Price is set to attract serious buyers by offering value to entice multiple bidding on the property sooner rather than later. This method actually pushes the value of the property to the maximum price point. Timing and careful analysis is critical to achieve maximum benefits.
Over priced listings: These listings attract the bargain hunters. They know as soon as a property hits a time limit, they can negotiate a better deal in their favor. They have no competition in most cases and begin with a “low ball” offer. They have more control when negotiating, not the other way around.
The good news is that we are skilled at determining a healthy starting price when marketing your home. You should be able to reap the highest price the market will bear in the least amount of time and hassle.
We are happy to speak with you at our office without obligation.
Serving the Mid-Town direct communities of Chatham, Madison, Summit and Short Hills: we have what you need. See www.TurpinRealtors.com for community listings. Accurate information can make for a much more rewarding experience. Allow us to show you the Turpin difference.
Encourage BUYERS to Take it …. Not LEAVE IT.
Until next time,
Posted by: 
Caroline Vanleer
Lois Olmstead
