Pricing ... ?

Could it be the Price ?

We see them in every market, the nicely kept homes in decent communities and wonder why that home has not sold. In many cases, if a home is not selling - it's generally because of price. It has to be good value for the money. But many Sellers price their home well - and it still doesn't sell. So, what's the formula for when to reduce the price of your home and by how much?

In my experience Sellers just want to get as much as reasonably possible for their properties. Many resist reducing the price of their homes in the hope that an offer will come in that they can negotiate with. It is difficult to get an offer when the Buyers feel the home is priced out of their range, and don’t come to view it. A major factor to getting a prospective Buyer in the door is a list price that they can work with. Sellers must remember that it is the Buyer who will assist them in determining the final value.

Its time to reconsider your price when …

Your home is the highest priced home in your neighborhood or there is a wide spread between your price and other comparable homes.

Your home has been on the market a short time with no showings. If you haven’t yet exceeded the most current days on the market don’t panic yet. Have there been changes in your area? Have the number of listings in your area increased ? Is it summer holidays ? Have economics in the region changed ? or it could be the market has shifted and it might be time to think about a more aggressive price.

Your home is priced low, getting showings, been on the market a little while and it's still not selling - look at your home from a Buyer point of view. Is it clean, presentable, easy to show, etc.? Do you need more flattering pics online – take some nice shots and provide them to your agent. If not, make any changes needed and sit tight - perhaps your home might just need a little more time to sell.

Don’t smoke or have pets in your house. What does that have to do with price? Smoke and pet odours are offensive and instantly noticed when someone enters your home. It costs money to eliminate the smells from a house and Buyers will avoid it.

Your home is listed at the top end of area comparables, have no showings, or agents who "preview" and subsequently list the house next door at a much lower price - it's definitely time to adjust your price.

You decide to reduce the price - make it drastic, make it noticeable. Often Sellers want to reduce their price by a couple thousand dollars thinking that will do it. A price reduction should be noticeable enough to get the attention of Buyers. It doesn't matter if they think you are desperate to sell - the objective is to get offers!
When contemplating a price reduction, take into consideration the cost of owning this property for another 3-6 months, the benefits of moving on and any mortgages and or debt. This will lead you to a realistic “get up and go” figure.

I know alot of good real estate sales people who have done their homework and will show your home regardless of the pricing. They feel they know it's current value for their buyers and it's all based on comparables, experience and sales figures. The savy purchasers have previewed dozens of homes on www.realtor.ca and will have made similar comparisons. Your sales person will be monitoring listings and sales regularly and as a seller, it will be important that you do the same from time to time. The goal is to sell your property.

On Being Kind...

I received an email forward the other day that I almost deleted. As I quickly scanned the screen I knew I had to read it to the end. It reminded me of a gentle lecture that I had given to my girls the day before about being kind to each other, as they would need each other for the rest of their lives.


The gist of the email was how kind and polite we are every time we deal with strangers, yet, sometimes with members of our family we forget to be kind and polite. We would never think of using harsh tones or words with those we do not know, however, we are often quick to react in a sour way with those we hold most dear.


In business we deal with so many different people, we are generous with our time and knowledge. We perform our jobs professionally and choose our words carefully in order to make our clients happy and to succeed with the task at hand.


In life our family still benefits from our knowledge, experiences and our time, yet we may be less discreet in expressing our feelings while sharing this information. I know that I often come off as preachy with my kids, rushed to get on to the next task and perhaps don't listen as closely as I ought to.


The lesson I was trying to teach my girls was totally summed up in the final sentences of this email. After reading it I realized that I can still do better where they are concerned. I will still conduct my business professionally and choose my words carefully because that's who I am naturally. My family will now benefit from a little more sensitivity and patience as the words of the email struck a chord with me.


The ending is as follows;


FAMILY : Are you aware that if we died tomorrow, the company that we are working for could easily replace us in a matter of days. But the family we left behind will feel the loss for the rest of their lives. And come to think of it, we pour ourselves more into work than into our own family, an unwise investment indeed, don't you think? So what is behind the story? Do you know what the word FAMILY means? FAMILY = (F)ATHER (A)ND (M)OTHER (I) (L)OVE (Y)OU

Ya you're Hip, NOT !!!

I suppose a woman my age shouldn't be "hip". I don't even want to use the word "hip", I prefer savvy, connected, plugged in, hooked up, ttc and lol. I had thought I was keeping up with the trends fairly well. Recently, my kids have set me straight. I'm not cool. Where and when did I lose touch?

Even though I've been a mom for what seems like forever, I felt that I kept up with the cutting edge of technology, I had used many of the latest computer programs and had the tech gadgets. I still have digital cameras, blackberry and flip phones, ipods and computers and I manage them with relatively efficiency. However, with the onset of social networking I now feel inadequate. I must have hundreds of contacts, friends and followers to be successful. I should blog about relevant topics and do it weekly. How can this old girl keep up? So much to learn, already behind. I have to get my kids to answer some of my questions now, explain some shortcuts and how to use some perks. OMG !

We all have heard the latest chatter about Twitter, Facebook and other social media that has taken networking to the next level. I want to be a part of it. I have set myself up on these sites, I have begun to use them with sporadic regularity. They can certainly be described as cyberspace networking, chatting and messaging from the safety of a keyboard. Niceties exchanged between folks we used to know along with our best buddies. So far it's been fun and nice to stay in touch with so many past and present friends and collegues, it's like having a little window into their lives.

These networking sites offer a forum to share knowledge, wisdom and experiences with a captive audience. The next step will be to effectively share business needs and wants without crossing the line between personal and professional. I am full of information, statistics and products to share and will welcome any response that comes my way. Look out social media here I come !

So they say this is summer. I only believe it because my children are home and letting me know every 5 minutes that they are "Bored". I do the best I can, I could keep them busy with housework but for some reason they don't wish to do any, and I mean None!

I took the girls each to camp for a week. This week it's bible day camp. Two nights a week we have soccer. Next week, I have no idea. If the sun was out and the air was warm it would make great beach or pool weather but we haven't had near enough.

I enjoy the time I am able to spend with the kids just hangin' out, however, they think we should be doing more things. I do have a job that I try to succeed at, luckily my hours are flexible.

I'm wondering how I could help my darling children discover the wonders of passing the time with housework or even picking up after themselves, what a great summer it could be!!

"Mom"

I think all mom's have heard the distressed voices of their kids hollering for them. I heard that call this morning, rather early.
As the mother of four very vocal children, I have been hearing the blood curdling screeching of "MOM" for several years now. This morning was no different. While readying myself for the office I heard the screech of "MoooM, Mommy, MoM" coming from the second floor. I rush to respond, to see what tragic thing has my "tween" so frightened and startled, to save her from whatever catastrophy has or is about to happen to her. With my heart beating quickly in my chest I climb the stairs. Now, hold on to your hat... here it comes. I reach the landing of the second floor, call out her name to find her- there she is sitting on her bedroom floor surrounded by clothes. Yes, I should have know, "Mom, I can't find that white tank top, you know, the cute one I got a few weeks ago", she says in an irritated voice while throwing shirts up in the air.
I got duped! all of this fuss over a shirt?! I should have known, this isn't my first time dealing with a "tween", I've been through it with my two older kids. But, for some reason, I fell for it. Would you call that maternal instinct? am I a sucker?
Well all I can say is that puberty can sneak up on us mom's, we want our kids to be kids as long as possible. I knew it was coming, all of the signs were there. It reared it's ugly head today, slamming it home. I am the mom of a Drama Tween!

A Place To Share

May 14, 2009

The first post for this blog and I hope that I can keep this up over the summer. I will be posting a variety of local info here. Some personal perspective stuff about life and general real estate info. The things that consume my time are kids and work.
I consider myself lucky. I have a great family -they keep me hoppin', and fun, dear friends that keep me smiling!
I'm a novice at this blogging, most will be short and sweet.

Sheri Hill,
Sales Representative