Relocate to Wisconsin : Don't You Think the House is Priced too Low ?

Don't You Think the House is Priced too Low ?

   We all get advice from the Butcher, Baker and Candlestick Maker...the nosey neighbor...well meaning  relative....everyone   is  in real estate......or knows more than anyone licensed could ever hope to know.   Everyone KNOWS Thinventorywhat they want for their home....and we have come to a place most especially in these times of "Thinventory", that is...not only does the market decide....it will "Bid it Up" if the price is lower than "expected."Whether or not it appraises at a MUCH higher price is up to the Buyer's lender if there is one anBidd it is not a cash transaction.   In Wisconsin, whether it is cash or not, you can choose to have the offer "Subject to Appraisal" in the offer to purchase.  If t

he property does not appraise and the Buyers cannot   get financing....that is another "out" for them from the contract if they wish and cannot come to agreement with the Sellers.

     Lots of showings  doesn't  mean the house is priced too low ...it means that there is interest in the house at that price...the showings and response  from them will tell you what the market has to say about the price....an OThermometerffer....Multiple Offers....OVER asking....Lower offers or no offers at all.   The market is the PRICE THERMOMETER....another very technical real estate term brought to you courtesy of Sally K. & David L. Hanson, Broker Associates with Keller Williams honored to be of service for all things real estate in southeastern Wisconsin.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Comment balloon 16 commentsSally K. & David L. Hanson • November 16 2017 09:46PM

Comments

Good morning Sally.

I like may others knew all about the market and pricing.  That is until I went to pre-licensing class.  Interesting on how much I did not know

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 2 months ago

Good mornng Sally and David. An essential tool in real estate the Price Thermometer. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 2 months ago

You said it best.  Let the market decide and appraiser bless it.

Lots of showings  doesn't  mean the house is priced too low ...it means that there is interest in the house at that price...the showings and response  from them will tell you what the market has to say about the price

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 2 months ago

Good morning, Sally K. & David L. Hanson buyers see as much as possible today....there is very little inventory in my marketplace.... but they continue to buy on comparison.... pricing properly is the trump card.

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 2 months ago

Good morning Sally and David. You certainly made me smile with this very technical post.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 2 months ago

Good morning Sally K. & David L. Hanson,

It's up to us to price a home competitively to spark the interest of a buyer. When you have a home that is well presented and priced right let the introduction to the buying public begin!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) 2 months ago

This is very good reading for prospective home sellers.

Have a very special Thanksgiving week.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 2 months ago

Good morning Sally and David.  It does get a bit annoying when everyone has an opinion about the price of a home.  Especially when it's not based on fact but emotion.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 2 months ago

Early on I learned that in real estate a home is ultimately worth what a buyer will pay for it... doesn't matter if we think it's too high or too low. The market speaks and it usually speaks loudly and clearly!

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) 2 months ago

It seems that everyone feels like they can do our job better than we can, until they actually have to do it, haha.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 2 months ago

Sally, lots of showings in our market says there are few listings to view and good chance the Sellers will see multiple offers.  It also is usually the Sweet Spot price wise.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) 2 months ago

Sally and David, yep there are a lot of experts out there and second guessing.  But the final expert on the right price for a property is the market, so it is wise to pay close attention to it.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 2 months ago

Hello Sally K. & David L. Hanson, my very first real estate instructor said a house is worth as much as a buyer is willing to pay for it and he was right then, still holds true. Today's buyers are savvy and know how much a house is worth, let the professionals guide you.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 2 months ago

Good afternoon Sally and David - you said it all.  I really love your coined term The Market is the Price Thermometer.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 2 months ago

When I try to explain to sellers that the market will dictate the price, they look at me like I just landed from Mars. Oh, wait, my favorite is, "we need to increase the price because I need to net more."

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) about 1 month ago

Sometimes I really wonder why people hire realtors if they aren't going to listen to them in the first place. We get licensed for a reason. Thanks for sharing. 

Posted by Corey Martin, Real Estate and Management Solutions (Martin Presence Group) about 1 month ago

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