Monday, April 03, 2006

“If the House is Priced Correctly, it Will Sell Quickly”

Over the past few months, as the housing bubble has shown signs of deflation, any number of Realtors has commented that “if the house is priced correctly, it will sell quickly.” They say it like it is tried and true wisdom acquired through years of experience or some sort of special professional insight. In reality, the quote is a hackneyed cliché and only shows that the speaker has a firm grasp of the obvious. It is the stock broker’s equivalent of telling a client that to make money in the market you should “buy low and sell high.” Most stock brokers still in the business got away from peddling this kind useless advice years ago, even before regulators told them to stop, and before electronic trading made for an easy and cheap end-round-run from the typical smart ass broker.

8 Comments:

Anonymous Anonymous said...

It might be cliché but the advice is apparently lost on most sellers if rising inventory numbers are any indication.

Tuesday, April 04, 2006 10:22:00 PM  
Anonymous Anonymous said...

You hit the nail on the head, I am a builder/land developer, and I hear this cliche' everyday, from every realtor I speak to. The party is over imo, lot of denial in this market among realtors, builders, investors, feels like 1997 to me

Wednesday, April 05, 2006 7:04:00 AM  
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

Thursday, April 06, 2006 2:59:00 AM  
Anonymous denis said...

HOW TRUE...I had a house to sell in Fair Haven...I had a broker give me 2 prices, a High price ,and a quick sale price (both plus her 5% commission.I took the low price minus 5% listed it free on..http://newjersey.craigslist.org/ got a buyer in 3 days closed within 30 days ,But the price was fair to both of us .....

Saturday, April 08, 2006 9:10:00 AM  
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Saturday, April 08, 2006 4:16:00 PM  
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