Zillow Advice: Pricing - How important is pricing it right the day a property is listed? http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Zillow Advice | Zillow Real Estate Pricing is the most important ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Pricing is the most important component of any selling strategy. Buyers today understand value and with the exception of very few markets, buyers will not exceed what they feel the home is worth based on multiple data sources that are available to them.<br/>if you are looking to sell your home in a&nbsp;reasonable amount of time Pricing the home correctly according to its appraised value based on similar homes sold in the area within a given timeframe is the best way to price your home. Mon, 28 Oct 2013 22:47:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-28T22:47:00Z Your pricing strategy depends ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Your pricing strategy depends upon your objectives.&nbsp; If you are simply "testing the market", have no&nbsp;specific timetable in which you want to sell&nbsp;and are simply trying/hoping to find that perfect desperation buyer...&nbsp; Then feel free to price high.<br/><br/>However, consistent with the commentary you have received earlier, pricing your home properly is among the keys to selling your home quickly.&nbsp; <br/><br/>Remember that Agents and Buyers have tremendous access to information that helps them determine fair market value of a given property... Which leads to most homes selling for fair market value.&nbsp; But you never know, maybe you'll be the one that gets lucky.&nbsp; Just don't count on it. Mon, 28 Oct 2013 21:35:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-28T21:35:00Z Pricing is the most important ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Pricing is the most important key in selling a home.&nbsp; If a property is priced too high it will sit on the market and chances are it will show very little if any at all.&nbsp; If you want it to sell it needs to be priced right from the start! Mon, 28 Oct 2013 20:35:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-28T20:35:00Z Research has shown that the ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ <br/>Research has shown that the first two weeks of a listing is the most important period. &nbsp;This typically is the time frame that most buyers will be looking at your property. &nbsp;If you use this time period as a "test," you may be missing out. Sun, 27 Oct 2013 22:49:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-27T22:49:00Z I will answer simply, very! ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ I will answer simply, very! Why would you take a trip somewhere, but head in the wrong direction?!<br/><br/>Price it correct from day one, and you will be on to your next "chapter" in no time!<br/><br/>Best of luck!<br/><br/>Michael Thacker<br/>REALTOR Sun, 27 Oct 2013 22:42:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-27T22:42:00Z The day your listing goes ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ The day your listing goes live in the MLS that is the time in which your property gets the most views that is why it is imperative to price a property right. Many sellers want to try to price high and that does not work. Wed, 23 Oct 2013 19:04:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-23T19:04:00Z Pricing your property is ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Pricing your property is one of the most important parts of listing your home.&nbsp; The great thing now is the lack of inventory so you can go a little higher not much and get all the money for your home hopefully at your open house.&nbsp; That is how I have been helping my clients.&nbsp; It all depends on your are.&nbsp;&nbsp; Over pricing will hurt you your house will linger on the market and buyers will wonder what is wrong with it. Wed, 23 Oct 2013 18:57:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-23T18:57:00Z Price could arguably be the ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ Price could arguably be the MOST important part of listing. An experienced Agent helping the Seller navigate the "sweet spot" of pricing is invaluable. You can never recover your "first impression" on the market, it's critical to get the price right from the first day it goes active. Sat, 19 Oct 2013 19:35:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-19T19:35:00Z The buyers in the marketplace ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ The buyers in the marketplace already know the value of your competition and they did not buy those homes. &nbsp; If your home is not priced right, those buyers waiting for you to come on the market will know better than anyone that you are not a good value. &nbsp;The buyers that should be looking at your home are not shopping above their ability or desire. &nbsp; Every seller wants to build in "wiggle room", but no buyer will pay too much. &nbsp;So no "wiggling" will happen if the wrong buyers with different expectations view your home.<br/>Sellers say "Tell them to make an offer!" &nbsp; &nbsp; But the buyer with the different expectations for the overpriced listing want the amenities, location and condition of the same price point. &nbsp; So even if they know they can buy this house for less, they don't want it. &nbsp;They want to spend that amount of money and get something more than your overpriced house offers. &nbsp;The real buyers don't look because they think they can't buy at that level. &nbsp; &nbsp;When you drop the price, they wonder what is wrong with the home that it is not sold yet and the price was lowered.&nbsp; Sat, 19 Oct 2013 00:19:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-19T00:19:00Z The most exposure comes in ... http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ The most exposure comes in the first two weeks! If you price it too low you will have the e-bay effect and a bidding war. This means you will end up at or above the current market value. <br/><br/>It is always better to be priced too low rather than too high in a strong market. Ultimately you will get the highest price possible! Wed, 16 Oct 2013 19:09:00 GMT http://www.zillow.com/advice-thread/How-important-is-pricing-it-right-the-day-a-property-is-listed/515438/ 2013-10-16T19:09:00Z