Sellers who over price are forced to due price reductions. I was touring with a buyer yesterday and viewed a property that had come on the market the same time as my listing of 35586 Rockland Ct, Fremont . Well all the visitors that had seen this other listing said it didn’t show well and was overpriced. So its no surprise that, that property still has no buyer.
Had the property been cleaned, given a new paint job and the major broken item repaired it would have been in escrow like my property, and selling for more than asking.
According to a study by Zip Realty homes did fewer price drops in November vs. October. During this period national average list prices declined.
I’ve found that if you price according to current sales, and present the house in its best light, you will sell the home, in 15 days or less and for a price higher than recent comps.
More about the price reduction article here: http://www.dsnews.com/articles/fewer-home-sellers-are-cutting-prices-ziprealty-2009-12-08
SUNIL SETHI REAL ESTATE
Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94538
Main 510 388 2436 / Fax 510 431 9046
CA DRE#: 01173766