This strategy, not a tactic(tactics only accomplish small gains), is something that can be used, from time to time, depending on the “local” market.
When people are searching online, most of the major players in the Real estate search website game, have certain parameters when people want to search for real estate.
Typically those searching can curtail bedrooms – spot on matches, like for example, homes with only 4 bedrooms. They are also able to search by a span of bedrooms, for example 3-5 bedroom homes.
They can also change up the parameters to spam square footage, bathroom numbers, lot sizes and even school districts.
The same “parameter setting” applies to prices.
Some of the major website players have $50,000 blocks to choose from, you can dial in the results by price range, or you can also pinpoint your search by an exact price.
Depending on what the “real estate searching buyers” are using, is going to depend on their results.
However, the best thing about Range Pricing is it brings in a low number as well, that if written at, the seller does not have to accept.
As stated, “offers will be considered when in between $x.00 and $x.00″…
When people are searching, they are seeing the lower number, but also get a bit excited because this is not your “traditional” real estate approach.
Like in an auction, where things sell at more than their values most times, this increases the “buzz” about the specific listing that is ranged priced.
As stated, this is no secret weapon or formula to sell a home. It does do a great job letting buyers know that you are not “dead set against” particular offers.
This gives the buyers of the world some room to relax and to offer accordingly. This strategy also lets the Realtors know that you as a seller, may be “easier” to work with than the traditional “hard nosed” real estate seller.
Ask your Realtor about “range pricing” your home, see what they think and if they have had any success in the past with this Clever Sellers Real Estate Strategy.
When you are ready, if you are in the Greater Los Angeles areas or within the Santa Clarita Valley, reach out to my Paris911 Team at REMAX of Valencia, so we can make your dreams a reality.