Comments on: Why Range Pricing Of Homes Is A Suckers Bet For Sellers

By: Washington land for sale

Washington land for sale — Sat, 25 Oct 2008 18:06:10 +0000

Thanks for your comment Jared. I assure you that the properties we offer are “for real”. We provide owner financing on Washington land and we will not even check your credit. We want to provide everyone an opportunity to own quality property without the hassle of banks or Realtors. If there is anything we can do to help please let us know.

By: Jared Redland

Jared Redland — Sat, 23 Aug 2008 19:37:01 +0000

I have seen a few sites that offer land for sale like auctionparcels.com and sigmaprop.com. Are these sites for real? They have low prices and they don’t check credit. I want to buy a parcel in Washington but don’t know if it is legit?

By: VirtualToursWow@Twitter

VirtualToursWow@Twitter — Thu, 21 Aug 2008 14:32:03 +0000

I’ve seen very few homes have range pricing, but when I did see it I immediately thought “bad idea”. I can see where this would have advantage in the relationship between agent and seller where they could not agree on how to price the home on the market and the range was done to get it on the market, but as a buyer, this is not so appealing. It does give buyers an idea of the playing field they are actually in, but it can also backfire and immediately put them off when they see how high they might have to go. It’s a 50/50 shot at best in marketing efforts. There are better marketing strategies to employ than this.

By: Santa Barbara Real Estate Voice

Santa Barbara Real Estate Voice — Wed, 20 Aug 2008 21:31:14 +0000

I agree as well that this strategy does not seem to appealing. This pricing strategy apparently is all the rage in Australia and a few other countries, but I have never seen the light. We have seen a few pop up here in the Santa Barbara area and I endulged myself in listening for 20 minutes about the theory from the listing agent…but I still do not feel this benefits the seller in anyway. Just my thoughts.

By: Tom Royce

Tom Royce — Wed, 20 Aug 2008 14:25:39 +0000

Darren

I can see how it could lead to a negotiating table, but overall range pricing feels icky (real professional terminology) to me. Sort of like when my wife comes out of the closet with a less than flattering outfit and I tell her she looks great. Gets me out of hot water initially but if she figures it out later she is less than pleased that I was not honest with her.

By: Darren Kittleson

Darren Kittleson — Wed, 20 Aug 2008 13:54:24 +0000

I have to respectfully disagree with your post. I too, was not a fan of range pricing in it’s early days in our market (mid 1990’s) but have come to appreciate it as a tool and strategy for getting offers in an upside down market. Many of my top agents are utilizing this to get seller’s into a realistic price range in which to draw an offer. You are right, I’ve never seen the offer come in at the top of the range, however, I’ve seen agreement being reached between buyer and seller at a price higher than I would have imagined the house selling. I think it goes to show that when a buyer “goes to paper” there’s a certain level of commitment they’ve made toward acquiring the property and one that can many times be negotiated to a price with terms and conditions acceptable to both buyer and seller.

Just my 2 cents this morning. Love the blog!

By: Tina

Tina — Tue, 19 Aug 2008 21:27:16 +0000

Couldn’t agree with you more! We don’t see range pricing in the Phoenix, AZ area. At least not yet. And I sure hope we don’t. It’s confusing, misleading and just plain stupid! When I saw some listings in CA pulling this one, all I could do was shake my head…