Tuesday, November 11, 2008

Naming the Right Price $$$



In real estate these days it really takes a good price and a unique property for a sale to procure quickly. This property was on the market and open to the public for 1 day. At the moment there are 4 offers on the table and 3 on the way.


The lesson learned here is that pricing something slightly under market, even in an economy where it seems like the sky is falling, will result in activity and competition. Agents and their clients flocked to this house like vultures last Sunday. I have never had an open house with that many people coming in and out. It was like a college party without the booze.


One thing is for sure...the beneficiary of this estate will be walking away with a smile like that of a Cheshire cat




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