If Your Not Priced Properly You Are Not In The Hunt.

Seller’s in the Vail Valley think the "run-up" is still going on.  Fact of the matter is the "run-up" ended more than a year ago.  Vail Valley sellers have to come to grips with the fact that the market is taking a pause. 

Buyers are out there but are not going to pay future prices for a home.  How do buyers know where the market is?  With all the available sales information on the internet, buyers know exactly where the market is.  Once a buyer has determined what the selling price per foot is in any particular neigborhood they then look for properties listed "at market" or below. 

The old method of putting a home out on the market at some high number to see if you will get an offer is over.  You won’t get an offer.

Today, if you are a seller and are listed even one per cent above the current market you have virtually no chance of having a buyer consider your listing.  As far as a buyer is concerned, you are just one more listing in the overpriced category. 

There are two types of sellers, listors and sellers.  If you are listed above the market, you are a listor.  If you are a listor you might as well take you home off the market. 

How do you know if you are a listor?  If your home has been on the market for more than 60 days, you are most likely a listor.

If you want to be a seller, you should find a good realtor and have him price you "at market" or 1% below market.  Then sit back and enjoy the action.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.