{"id":31657,"date":"2010-02-27T12:25:36","date_gmt":"2010-02-27T12:25:36","guid":{"rendered":"http:\/\/forestridgevoice.com\/2010\/02\/27\/under-priced-properties-are-selling-quickly\/"},"modified":"2019-04-23T20:54:38","modified_gmt":"2019-04-23T20:54:38","slug":"under-priced-properties-are-selling-quickly","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/under-priced-properties-are-selling-quickly\/","title":{"rendered":"Under Priced Properties Are Selling Quickly"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-486\" src=\"http:\/\/forestridgevoice.com\/files\/2010\/02\/Crying-Man.gif\" alt=\"Crying Man\" width=\"100\" height=\"140\" \/><\/p>\n<p>\u00a0<\/p>\n<p>In the past two weeks I listed 2 properties, both were priced\u00a0below market value.\u00a0 In one instance I received an offer that was $11,000.00 higher than the list price within the first\u00a0 week.\u00a0 On the other listing \u00a0I received an &#8220;AS IS&#8221; offer the day it went into the MLS for just under list price, \u00a0which the sellers felt was reasonable considering\u00a0the repairs that had to be made to the property.<\/p>\n<p>Using\u00a0statistics and projections from reliable resources\u00a0I\u00a0was\u00a0able to persuade the sellers not to price their properties above market value.\u00a0 Most sellers want to leave room to negotiate and they\u00a0miss the point that if\u00a0their home is priced below market value they will actually get a higher price than if it is priced above market value.<\/p>\n<p>Many real estate experts who study facts and trends are encouraging sellers to follow this rule in order to stop the bleeding.\u00a0 There is another wave of foreclosures due to hit the market; it is known as the Shadow Inventory.\u00a0 An article written by Steve Harney, entitled <a href=\"http:\/\/kcmblog.com\/2010\/02\/25\/dry-your-eyes-and-lower-the-price\/\">Dry Your Eyes and Lower Your Price<\/a>\u00a0gives a few more examples of how proper pricing is helping others throughout the country.\u00a0<\/p>\n<p>My advice is, if your Realtor tells you it is time to reduce the price of your home&#8230;.do it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 In the past two weeks I listed 2 properties, both were priced\u00a0below market value.\u00a0 In one instance I received an offer that was $11,000.00 higher than the list price within the first\u00a0 week.\u00a0 On the other listing \u00a0I received an &#8220;AS IS&#8221; offer the day it went into the MLS for just under list<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/under-priced-properties-are-selling-quickly\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5759,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - 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