August 2008

Is Price Really King?

Sunday, August 24th, 2008 at 9:10pm. 338 Views, 0 Comments.

In reading other blogs and news items I am "hearing" other agents state that price is the most important thing to get a property sold in today's ever-declining Buyer's Market.  And I agree.

Price always was king, even in the booming Seller's Market we experienced.  There were still properties during that time that did not sell until they reduced price.  There were still some long market times with properties that the sellers thought they could ask whatever they wanted and someone would make an offer.  Houses were selling all over, and sometimes it took multiple agents to get sellers to understand that they were grossly overpriced, even in a robust market.

In today's Buyer's Market you simply have to be priced correctly to get your home sold. 

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Real Estate Brand Names Not So Important Anymore

Wednesday, August 6th, 2008 at 12:38pm. 2012 Views, 2 Comments.

I just read a blog post (from Bloodhound Blog) about an article in Consumer Reports that stated consumers aren't as interested in brand names (such as the big real estate franchises) as we would all think (and the franchises would hope for).  A statistic I was interested in was that sellers were just as satisfied with non-franchise companies, even if they offered less services, as they were with brand name companies.  

This is important to me as I left a popular franchise after being with them for 22 years to join a local independent company, Classic Realty Group.  I have never looked back!

What Consumers Don't Understand About Franchises

Most (not all, but most) franchise offices are independently owned and operated.  Some are real

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