Comments on: Why Do Agents Suggest That Sellers Price Their Home “At The Market”? http://sanjoserealestatelosgatoshomes.com/why-do-agents-suggest-that-sellers-price-their-home-at-the-market/ Real Estate in Silicon Valley, The Valley of Hearts Delight Wed, 28 Jul 2010 09:25:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mary Pope-Handy http://sanjoserealestatelosgatoshomes.com/why-do-agents-suggest-that-sellers-price-their-home-at-the-market/comment-page-1/#comment-290 Mary Pope-Handy Wed, 10 Feb 2010 15:09:11 +0000 http://sanjoserealestatelosgatoshomes.com/?p=1817#comment-290 Great point, Paula. The cost of holding the property is often high. Thanks for weighing in! Great point, Paula. The cost of holding the property is often high. Thanks for weighing in!

]]> By: Paula Bean http://sanjoserealestatelosgatoshomes.com/why-do-agents-suggest-that-sellers-price-their-home-at-the-market/comment-page-1/#comment-278 Paula Bean Wed, 27 Jan 2010 03:04:08 +0000 http://sanjoserealestatelosgatoshomes.com/?p=1817#comment-278 Not to mention that most of their mtg pmt goes to interest right in the banks pocket. Real estate taxes, HOA's, homeowners insurance, ALL lost money. If someone has a $2K pmt, just for an example, their paydown vs interest, HOA, taxes, hazard, etc puts them in the hole about 1.9K every month they are on the market depending on how long they have owned the home. If you want a higher price you cant get, and you are going to lose almost $2K/mo, then listing for 6 months with no sale due to high price loses you what??? $12 THOUSAND DOLLARS. So either be serious or just wait out the market, or rent it, but if you are serious about selling in addition to all of Mary Pope Handy's comments above, factor this one in as well. YOU LOSE by not pricing to market. Not to mention that most of their mtg pmt goes to interest right in the banks pocket. Real estate taxes, HOA’s, homeowners insurance, ALL lost money. If someone has a $2K pmt, just for an example, their paydown vs interest, HOA, taxes, hazard, etc puts them in the hole about 1.9K every month they are on the market depending on how long they have owned the home. If you want a higher price you cant get, and you are going to lose almost $2K/mo, then listing for 6 months with no sale due to high price loses you what??? $12 THOUSAND DOLLARS.

So either be serious or just wait out the market, or rent it, but if you are serious about selling in addition to all of Mary Pope Handy’s comments above, factor this one in as well. YOU LOSE by not pricing to market.

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