Kim Clark, Sales Representative EXIT Realty Twin Bridges Local Real Estate News Find Sarnia-Lambton Real Estate on Facebook® Orangeville Citizen http://www.citizen.on.ca/ news/2012-05-03/ Regional_News/ Is_the_price_right.html Choosing the right list price for your house or condo can lead to a timely sale and maximize your investment, so real estate experts recom- mend a strategic approach based on “precise numbers” when picking a property's sales price. “The right list price is the first step to getting buyers to look at the house, and if the number is too high or too low you can attract un- realistic offers,” says Ron Abraham, president of the Ontario Real Estate Association (OREA). A 2008 study from Psycho- logical Science compared house listings to what they sold for and discovered that seller's received offers closer to their asking price if the figure was precise, for in- stance $299,500, versus a round number like $300,000. “A Realtor will often recom- mend a precise number after evaluating the home's worth,” Abraham continued. “Buyers will perceive it as closer to the value of the property than one that's rounded up to the nearest ten thousand or hundred thousand dollars. To a buyer, an ‘exact’ listing appears as if the owners put more thought into the evaluation.” OREA recommends taking these steps from www.howrealtorshelp.ca to choose the right price for your home: • Have your Realtor review sales of similar houses in your neighbourhood. Don't compare to a property that's a different size or in a different part of town since this will give you a false idea of its worth.• Discuss with your Realtor factors such as mortgage rates, nearby schools and access to transit and how this can create interest in the list- ing. • Get the price right the first time. Each time you lower the price you make the house seem unsellable and offers will come in far less than what you wanted. www.newscanada.com IS THE PRICE RIGHT? Inside this issue: Poetry Corner 2 Real Estate Re-Invented 2 Local Real Estate Report 2 Bulletin Board 3 Inspiration Corner 3 New Waterfront Listing 3 A Moment with Kim Clark and EXIT Realty 4 Volume 2, Issue 5 May 2012 Kim Clark Sales Representative Want to find out this weekend’s open houses In Sarnia-Lambton? VISIT: http://sarnialambtonopenhouses.ca/
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
K i m C l a r k , S a l e s R e p r e s e n t a t i v e
E X I T R e a l t y T w i n B r i d g e s
Local Real Estate News Find Sarnia-Lambton Real Estate on Facebook®
Choosing the right list price for your house or condo can lead to a timely sale and maximize your investment, so real estate experts recom-mend a strategic approach based on “precise numbers” when picking a property's sales price.
“The right list price is the first step to getting buyers to look at the house, and if the number is too high or too low you can attract un-realistic offers,” says Ron Abraham, president of the Ontario Real Estate Association (OREA).
A 2008 study from Psycho-logical Science compared house listings to what they sold for and discovered that seller's received offers closer to their asking price if the figure was precise, for in-stance $299,500, versus a
round number like $300,000.
“A Realtor will often recom-mend a precise number after evaluating the home's worth,” Abraham continued. “Buyers will perceive it as closer to the value of the property than one that's rounded up to the nearest ten thousand or hundred thousand dollars. To a buyer, an ‘exact’ listing appears as if the owners put more thought into the evaluation.”
OREA recommends taking these steps from www.howrealtorshelp.ca to choose the right price for your home:
• Have your Realtor review sales of similar houses in your neighbourhood. Don't compare to a property that's
a different size or in a different part of town since this will give you a false idea of its worth.• Discuss with your Realtor factors such as mortgage rates, nearby schools and access to transit and how this can create interest in the list-ing.
• Get the price right the first time. Each time you lower the price you make the house seem unsellable and offers will come in far less than what