Benefits of Competitive Pricing

Faster Sale

· Peak activity in first 2-3 weeks

· Buyer agents have interested buyers

¨ Less Inconvenience

· Overpriced homes are used to sell others

· Reduces number of showings

¨ Exposure to More Prospects

· MLS organized by price

· Parameters stop at upper limit of price range

· Seen by more buyers interested in your type of home

¨ Salesperson Excitement

· Priced right and good condition - marketing from strength

· Excited agents means excited buyers

¨ Attracts Higher Offers

· Closer to market value - greater risk buyers take in loosing it thru low offer

· Shorter time on market - buyers pay closer to list (NAR study)

· Increases chances of multiple offers

¨ Supply and Demand

· Buyers market or sellers market?

· Illustrate to sellers with Supply and Demand Factors

¨ Months of Inventory

· Number of homes currently in inventory - divided by

· Average number sold per month - equals

· Number of months of inventory if nothing else came on

¨ Expired Listings

· Shows upper limit of value

· What buyers are not willing to pay

Call 941-518-9421 Your Local Real Estate Professional

TO DISCUSS ANY REAL ESTATE QUESTION YOU MIGHT HAVE

www.ManateeAreaHomes.com