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Carlotta Morris

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Compass RE Texas, LLC - The Woodlands
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"Lets price it here, and come down later...."

March 20th, 2011


I hear this when I go into homes to give my presentation to be their realtor on the sale of their  home.  I understand why people say this, they don't want to leave money on the table.  I agree with that, for sure.  However, pricing it correctly is critical to getting the right lookers into your home.  Here are the facts---in The Woodlands the average % of sales price to list price is 97%.   When the competitive study is done, by that I mean, a search of closed homes in your neighborhood in the last 3-6 months and you have an average sq ft price, that is how you price your home.  If "your price" ( the price you have in mind to list the home for),  is over 3% of that number you are most likely pricing too high. Some things that could justify being over that 3% of average would be lot size, location, pool or an extremely high level of upgraded features.
Bottom line---A home priced right, staged properly, in good repair and 100% accessible for showings will sell the fastest!


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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Straight talk on my 22 years experience in the local real estate arena, I will try to dispel misconceptions and highlight concrete positives in all areas of selling and purchasing homes.
Compass RE Texas, LLC - The Woodlands
1800 Hughes Landing Blvd #725, The Woodlands, TX 77380   Get Directions
Phone: (832) 899-4788
Fax: (832) 626-3035
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