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02-07-2010, 09:48 PM #1
Condominium
- Join Date
- Nov 2008
- Posts
- 190
Real Estate at the Right Price
Whenever I am asked the question, "what is the most important factor in a successful real estate transaction?" my answer is simple; a property has to be put on the market at the Right Price!
The right price is simple. It is the price a qualified buyer is willing to pay for a property.
In reading this, you are probably asking yourself, of course, why would anyone want to price their property at anything but?. Yet there are many properties on the market that are not placed at the Right Price to sell.
If they are not negotiable and insist on an unreasonable listing price, the Listing Agent has several options:. He or she can walk away or suggest they list the property at the seller's suggested price for a limited amount of time. If there is no interest, their listing agent should come back and renegotiate the listing price with them. If an offer does come in lower than the list price, it would be up to the sellers to counter at a more realistic price. Of course, there are other factors that come into play with the correct price; condition and current market trends are some of those factors.
Using a listing agent who will give you the complete picture of what similar properties in your area have sold for will help you reach a decision and place your property at the price that sells.
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02-08-2010, 11:15 AM #2
Fixer Upper
- Join Date
- Jul 2009
- Posts
- 20
Very good information right here to save a lot of time!
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Price is really important when dealing with real estate investment but you also need to consider some other factors such as the quality and location of the property.
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02-09-2010, 01:27 AM #4
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 26
Basically, the price of the property depends on it's location not only the quality of the property.Sometimes if location of the property has a good future the price of it will increase even though the quality isn't really good,that's why location affect the price of the properties.
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02-09-2010, 02:59 AM #5
Fixer Upper
- Join Date
- Jan 2010
- Posts
- 54
That's something that many buyers encounter. We can't make the price to what we want. Coz agents are pricing it at the unreasonable way. And buyers must be aware about what they should know on appraising a property so they can't priced unreasonably.
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02-14-2010, 11:42 PM #6
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 54
The price of the property is the number 1 thing in the list to consider by the buyer, next is the quality of the property (if it stand the price), next is the location etc. The role of the agent is very important to supply the buyer's requirements in a property. The most important thing here is the price must stand the property, if not, the agent should have alternative listings of other available properties so that he could satisfy the client's desire.
Last edited by Bangkok_Office; 02-14-2010 at 11:44 PM.



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