Myrtle Beach Real Estate by Mirela

Reduced, But Not Stupid or Desperate...

How do you price properties in this market? 


When a seller tells you:  "Make this property fly!" how exactly are you going to do that?


With absorption rates of 2 to 10 years in most of our markets, how exactly do you price property in order to sell it fast? 


Say a property has been unsuccessfully marketed by another agent at $ 500,000, in an area where the absorption rate is over 3 years.  You pull the current comps and they indicate a value of $ 370-$ 380K.  The seller says:  "Make it fly!  I don't care how you price it; just price it so you can sell it within 60 days, and then JUST DO IT!" 


What would you do?  How would you price this property?


Myrtle Beach Homes by Mirela Monte                                      Perpetual Optimist!

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Comment balloon 17 commentsMirela Monte • September 29 2008 11:00PM
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