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Home Listing Price

Listing Price

Chuck Marunde by Chuck Marunde
September 20, 2019
Reading Time: 2 mins read
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Listing Price.  This is a true story about the listing price of a home for sale in Sequim. A nice gentleman tells me that he is really really frustrated with his real estate agent. I played along and said, “Why?” So he tells me this long story about how he had wanted to sell his house, and he talked to a few agents.

Listing Price and Throw The Dice

Listed PriceTwo of the agents showed him comps (comparables) that showed a price in the range of $350,000 to $395,000. One was suggesting a listing price of $385,000 and the other was suggesting a listing price of $375,000. But . . . this nice gentleman was persuaded by a third agent that his house would sell for at least $435,000, so he listed with the third agent. Six months later still without a sale, the agent persuades him to reduce the listing price to $399,000. Long story short, the house ends up selling after 11 months on the market for about $370,00, which included some credits the seller ended up giving the buyer.

Listing Price and Choose Carefully

I would say the moral of this story is IF AND WHEN YOU HIRE A REAL ESTATE AGENT, MAKE SURE HE/SHE DOES NOT THINK THE LISTING PROCESS IS A BIDDING PROCESS. DO NOT BE FOOLED BY SOMEONE WHO WILL LIST YOUR PROPERTY AT A HIGH PRICE TO GET THE LISTING, AND THEN EVENTUALLY WORK YOU DOWN IN PRICE.

The most important decision a home seller will make is who he hires as his/her Realtor.  The second most important decision is the listing price.

Last Updated on September 20, 2019 by Chuck Marunde

Tags: Listing Price
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
    • Professional Buyer’s Agent
    • Flat Fee Listing Broker

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