Comments on: * Home Values: The Perspective; part-1 http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/ The information you want. The facts you need. Mon, 28 Sep 2009 22:33:33 +0000 http://wordpress.com/ hourly 1 By: William J http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-73 William J Wed, 07 May 2008 16:36:53 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-73 A well priced listing will show between 2-4 times a week, normally resulting in at least 1-2 offers within the first 30 days. This obviously is not an exact science, and will differ depending on how broad or narrow the market is for that particular property. However, for the "average" house that appeals to the "average" homebuyer, this is a good rule of thumb. More activity than this and you might be under-priced, less activity than this and you are probably over-priced. Now you might be wondering "what about the market conditions, buyer's market or seller's market". As far as I'm concerned, this rule of thumb still applies despite supply and demand. But "expert pricing" is your tool for controlling the activity. Expert pricing is the one of three main keys to getting a home sold. It requires accurate data, experience, and a firm understanding of what the market demands are for the specific geographic area. The other two main factors in getting a home sold are presentation and exposure. see post "re: Why isn’t my home selling?" for more on this topic. Another great question. Thanks Nathan. A well priced listing will show between 2-4 times a week, normally resulting in at least 1-2 offers within the first 30 days. This obviously is not an exact science, and will differ depending on how broad or narrow the market is for that particular property. However, for the “average” house that appeals to the “average” homebuyer, this is a good rule of thumb. More activity than this and you might be under-priced, less activity than this and you are probably over-priced.

Now you might be wondering “what about the market conditions, buyer’s market or seller’s market”. As far as I’m concerned, this rule of thumb still applies despite supply and demand. But “expert pricing” is your tool for controlling the activity.

Expert pricing is the one of three main keys to getting a home sold. It requires accurate data, experience, and a firm understanding of what the market demands are for the specific geographic area.

The other two main factors in getting a home sold are presentation and exposure. see post “re: Why isn’t my home selling?” for more on this topic.

Another great question. Thanks Nathan.

]]> By: nathan http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-71 nathan Tue, 06 May 2008 21:53:30 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-71 Oops typo: If you put <i>a</i> house up in this market, how do you know if you’ve over-priced your home? How often would one expect to show the home if its priced correctly (not too high and not too low)? Oops typo:

If you put a house up in this market, how do you know if you’ve over-priced your home? How often would one expect to show the home if its priced correctly (not too high and not too low)?

]]> By: nathan http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-70 nathan Tue, 06 May 2008 21:45:46 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-70 If you put our house up in this market, how do you know if you've over-priced your home? How often would one expect to show the home if its priced correctly (not too high and not too low)? If you put our house up in this market, how do you know if you’ve over-priced your home? How often would one expect to show the home if its priced correctly (not too high and not too low)?

]]> By: Ellis Anderson http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-46 Ellis Anderson Tue, 29 Apr 2008 17:32:32 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-46 Won't deny that my first thought would be...I'm losing $25k. Especially if I took out a second to cash out some equity. Won’t deny that my first thought would be…I’m losing $25k. Especially if I took out a second to cash out some equity.

]]> By: Dawn http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-45 Dawn Tue, 29 Apr 2008 15:51:09 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-45 So many people thought that the inflated equity in their home was like money sitting in their bank account. It wasn't realistic. To answer your question, I would be happy to make the $40,000.00 and not think OMG I lost $25,000.00. I hope more poeple will think this way. So many people thought that the inflated equity in their home was like money sitting in their bank account. It wasn’t realistic. To answer your question, I would be happy to make the $40,000.00 and not think OMG I lost $25,000.00. I hope more poeple will think this way.

]]> By: Market Frog http://blog.northernutahhomes.com/2008/04/28/home-values-the-perspective-part-1/#comment-41 Market Frog Mon, 28 Apr 2008 18:31:33 +0000 http://northernutahhomes.wordpress.com/?p=61#comment-41 I would see it like this: 1. Okay, I’m going to make $40,000! Now it may not have covered all expectations, but if a home owner is desperate to sell in this market, there are trade-offs. I would see it like this: 1. Okay, I’m going to make $40,000!

Now it may not have covered all expectations, but if a home owner is desperate to sell in this market, there are trade-offs.

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