I call this a story because I write it every year. Properly pricing a home before it is put on the market is critical.
If I were to sell my own home I would want at least half a million for it. I doubt if it is worth a quarter of a million and I am relatively sure that in todays market it would appraise for less than 200K, but I still need a half million dollars for it.
The picture below is a screen print from our MLS. It tells the story of a home put on the market in 2010. The property has been listed by three different real estate agents. I said no to this listing in the fall of 2009 and have been watching it ever since.
If I were to list this home today I would list it for 189K. If I had listed it in the fall of 2009 I would have listed it for 199K. It will be interesting to see how much it actually sells for.
pricing it right the first time
