SWEOB

[Ex-SD]

It’s one of the most idiotic ploys that has ever been attempted by the real estate industry. Can you imagine going to a car lot where the cars where “range priced”? How many do you think they would sell? I saw a video somewhere on the web a couple of years ago where a R.E. sales trainer was explaining why R.E. brokers should use this tactic.
When we decided to sell our principal residence and our rental home in San Diego in 2005, we interviewed several agents and two of them really tried to push this cockamamey marketing idea. We didn’t / we sold both places, pronto / we would never use an idiotic tactic like this to sell a home. Pure foolishness.

[Doofrat]

If you have a range, it increases the chance that somebody will see it if they are searching for something in that range.
If you list it for 899,000 and somebody is looking for something for 799,000, they will not see your house in the search unless you use a range. (That’s what I was told here)

All the listings should just say: “It’s a free market, therefore, seller will take whatever a buyer is willing to pay if he wishes to sell the house.”

[Doofrat]

If you have a range, it increases the chance that somebody will see it if they are searching for something in that range.
If you list it for 899,000 and somebody is looking for something for 799,000, they will not see your house in the search unless you use a range. (That’s what I was told here)

All the listings should just say: “It’s a free market, therefore, seller will take whatever a buyer is willing to pay if he wishes to sell the house.”

[Doofrat]

If you have a range, it increases the chance that somebody will see it if they are searching for something in that range.
If you list it for 899,000 and somebody is looking for something for 799,000, they will not see your house in the search unless you use a range. (That’s what I was told here)

All the listings should just say: “It’s a free market, therefore, seller will take whatever a buyer is willing to pay if he wishes to sell the house.”

[Doofrat]

If you have a range, it increases the chance that somebody will see it if they are searching for something in that range.
If you list it for 899,000 and somebody is looking for something for 799,000, they will not see your house in the search unless you use a range. (That’s what I was told here)

All the listings should just say: “It’s a free market, therefore, seller will take whatever a buyer is willing to pay if he wishes to sell the house.”

[Doofrat]

If you have a range, it increases the chance that somebody will see it if they are searching for something in that range.
If you list it for 899,000 and somebody is looking for something for 799,000, they will not see your house in the search unless you use a range. (That’s what I was told here)

All the listings should just say: “It’s a free market, therefore, seller will take whatever a buyer is willing to pay if he wishes to sell the house.”

[an]

Maybe it’s just me, but when I see a “value range”, I completely ignore the top range and use the lower $ as where the seller would consider. Personally, I think listing price is pretty much useless. If it’s too low, you’ll get bidding war and the final price is higher than listing price anyways. If the LP is too high, then it just sit w/out any offer. With all of this, seller can reject even the highest price above LP. Might as well just list when you really want to sell and let the market tell you what it’s worth and if you don’t like it, take it off the market.

[an]

Maybe it’s just me, but when I see a “value range”, I completely ignore the top range and use the lower $ as where the seller would consider. Personally, I think listing price is pretty much useless. If it’s too low, you’ll get bidding war and the final price is higher than listing price anyways. If the LP is too high, then it just sit w/out any offer. With all of this, seller can reject even the highest price above LP. Might as well just list when you really want to sell and let the market tell you what it’s worth and if you don’t like it, take it off the market.

[an]

Maybe it’s just me, but when I see a “value range”, I completely ignore the top range and use the lower $ as where the seller would consider. Personally, I think listing price is pretty much useless. If it’s too low, you’ll get bidding war and the final price is higher than listing price anyways. If the LP is too high, then it just sit w/out any offer. With all of this, seller can reject even the highest price above LP. Might as well just list when you really want to sell and let the market tell you what it’s worth and if you don’t like it, take it off the market.

[an]

Maybe it’s just me, but when I see a “value range”, I completely ignore the top range and use the lower $ as where the seller would consider. Personally, I think listing price is pretty much useless. If it’s too low, you’ll get bidding war and the final price is higher than listing price anyways. If the LP is too high, then it just sit w/out any offer. With all of this, seller can reject even the highest price above LP. Might as well just list when you really want to sell and let the market tell you what it’s worth and if you don’t like it, take it off the market.

[an]

Maybe it’s just me, but when I see a “value range”, I completely ignore the top range and use the lower $ as where the seller would consider. Personally, I think listing price is pretty much useless. If it’s too low, you’ll get bidding war and the final price is higher than listing price anyways. If the LP is too high, then it just sit w/out any offer. With all of this, seller can reject even the highest price above LP. Might as well just list when you really want to sell and let the market tell you what it’s worth and if you don’t like it, take it off the market.

[EJ]

I forget where I saw it but someone was suggesting using the range to come up with a low-ball offer price.

UR = upper range
LR = lower range
OP = offer price

OP = LR-2*(UR-LR)

I thought it was funny but maybe it is valid. Can we compare sold prices with original listing range price somehow?

[EJ]

I forget where I saw it but someone was suggesting using the range to come up with a low-ball offer price.

UR = upper range
LR = lower range
OP = offer price

OP = LR-2*(UR-LR)

I thought it was funny but maybe it is valid. Can we compare sold prices with original listing range price somehow?

[EJ]

I forget where I saw it but someone was suggesting using the range to come up with a low-ball offer price.

UR = upper range
LR = lower range
OP = offer price

OP = LR-2*(UR-LR)

I thought it was funny but maybe it is valid. Can we compare sold prices with original listing range price somehow?

[EJ]

I forget where I saw it but someone was suggesting using the range to come up with a low-ball offer price.

UR = upper range
LR = lower range
OP = offer price

OP = LR-2*(UR-LR)

I thought it was funny but maybe it is valid. Can we compare sold prices with original listing range price somehow?

[Author]

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