Warren County Ohio Real Estate News and Observations

Did You Thank Your Neighbor For Overpricing Their Home?

AwesomeDid You Thank Your Neighbor For Overpricing Their Home?

This morning we wrote about how important it is to use actual data to determine the list price for your Warren County home.  Actual SOLD home prices are critical.  What people have ASKED for their homes isn't as crucial, although still needs to be factored into setting your price.

Almost every neighborhood has that one home that is just badly overpriced.  You'll often hear that neighbor walking around his yard muttering to himself "I'm NOT giving this house away!!".  Probably really stressed out, furious at that "low, down good for (&$(*(#(*@!!! agent" and totally believing it's "just a terrible market" at fault. 

But here's the thing, that neighbor is doing everyone who's thinking of selling a HUGE favor!  You're kidding, right??  No, totally send that guy a Thank You gift basket!!  He's AWESOME in our eyes!!  Why??  Because THAT GUY is accomplishing TWO major things that benefit you:

  • Making YOUR home look like a relative bargain when you come on the market!  You both have the same number of bedrooms, square footage, similar lot size, similar features....but that 5-10% lower price YOU are using that actually reflects TRUE market value is going to have the buyers after YOUR home, not his.
  • He's PROVING his price doesn't work.  Every day he's at price X and no one brings a contract verifies the price isn't viable.  And if you check the prices for other neighbors that tried the market and quit recently, you'll find more evidence of prices the buyers are rejecting.  

Don't be THAT GUY!  Price right for the market.  It's individual to the community, and fluid, so you need a REALTOR® who can read the tea leaves and place you on the market at the right price for your success!

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz

REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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67 commentsLiz and Bill Spear • March 27 2012 11:31AM
Did You Thank Your Neighbor For Overpricing Their Home?
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Did You Thank Your Neighbor For Overpricing Their Home? This morning we wrote about how important it is to use actual data to determine the list price for your Warren County home Actual SOLD home prices are critical. What people have ASKED for… more