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Pricing To Sell
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Pricing To Sell

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Published in: Real Estate, Business

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  • 1. What do you want to know
  • 2. What did we find?  Currently 117 Active Listings in 92128  38 homes under $500,000  58 homes between $500,001-$750,000  15 homes $750,000 - $1,000,000  6 homes over $1,000,000 +  Currently 65 Pending Listings in 92128  30 homes under $500,000  32 homes from $500,000 - $750,000  2 homes from $750,000-$1,000,000  1 home $1,000,000 +
  • 3. More Important Information Past 6 Months Review of Sales in 92128  April 24 Sales in 92128 Zero Sales over $700,000  March 28 Sales in 92128 Zero Sales over $700,000  Feb 23 Sales in 92128 1 Sale $700,000 +  Jan 30 Sales in 92128 2 Sales $700,000 +  Dec 15 Sales in 92128 1 Sales $700,000 +  Nov 2 Sales in 92128 0 Sales $700,000 + Total Sales over $700,000 in past six months is 4 Or a .66% (4 sales/6 months) chance of being sold each month
  • 4. Listing Appt on this Property
  • 5. Get Specific Property Information
  • 6. Statistics Report
  • 7. Printed Report Average Sale Price of Sold & Pending 250 + 263 =513 Divide by 2 = Average $256 per square foot X 2841 sq feet = $728,716
  • 8. We Will Wait for the market to come back  Most Economists are saying we are going to see a similar market to what we currently have for the next 12 to 18 months (if no major economic issues change for the good or bad) so if we are declining on average 1.9% per month for your area if you waited 12 months (use the conservative number)  12 x 1.09 = 22.8 % meaning your home could be worth 22.8% less one year from now or $562,568  If things change in one year and we start to rebound how long will it take you to get back to where you are today? Lets see…………
  • 9. Market Come Back Starting Price in 2010 $562,568 2% increase 573,820 2010 4% increase 596,772 2011 8 % increase 644,514 2011 8 % increase 696,075 2012 8 % increase 751,761 2013 It would take until 2013 for the value to be back to where we are right now and that is IF we come back with our average of 8% increase per year
  • 10. We Will Try it On Our Own For A Little While See if We Can Save The Commission Even Waiting one Month could cost you $13,845
  • 11. Any Questions?