Update February 2017. This used to be a video, which was hosted on a now-defunct video platform. Darn it. Thank goodness I had the video transcribed!
The more I think about it, if a house is not priced right from Day One, and under contract in the first thirty days, that seller’s prospects of selling are greatly diminished.
Hey, Jim Duncan, Nest Realty, RealCentralVA.com here. Clearly, desperately in need of a hair cut. Talking about price. It’s all about price in the Charlottesville market, in any market, but again I’m specifically speaking about Charlottesville, Virginia and the surrounding counties. I wrote two offers yesterday on Monday, June the 1st , both of which were in competitive offer situations. One was in the sub $250,000 price point and one was in the sub $375,00 price point. One had at least two offers and one has at least three offers.
So it’s about price and location folks. It’s really that simple. I remember reading a story a number of years ago saying that there were five different components that could make your house sell: location, condition, price, smell, touch, I don’t know. It all comes down to price. If it’s priced well in a crappy location, it will sell. If it’s priced well in a great location, it will sell.
So when you’re thinking about putting your house on the market, price. That’s all I have to say. Price.