Have you ever watched neighborhood youngsters set up a lemonade stand in the heat of summer? They are sure their price of 50 cents per glass will bring droves of customers and high profits. As the morning wears on with few takers, prices begin to come down. By early afternoon, 10 cents will buy the same glass of cooler. The hot sun beats down and the lemonade is soon gone, along with dreams of great wealth. The lemonade stand contains a message for home sellers, too. Price your home too high and people will look but not buy. Price it too low and you will be overrun by buyers thirsty for a bargain. What is the right price for your home? There is a time-proven method to determine that price.
First, call a REALTOR®! Selling your home is no lemonade stand situation, it is serious business. By securing the representation of a REALTOR®, you can expect to receive all the facts about sale prices before the "For Sale" sign goes up.
Because buyers compare homes before making a purchase, ask your REALTOR® for a detailed accounting of homes for sale now, the homes that are competing with yours for buyers. Next, ask to see the sale prices of similar homes which have sold recently. This will give you a good idea what buyers are willing to pay for homes like yours. You should also expect to be told what buyers are not willing to pay, as illustrated by the prices of homes which did not sell.
Pricing your home correctly form the beginning is the key to a successful sale at the best possible price. For complete details, select a REALTOR®, then enjoy the benefits…SOLD!
For a Comprehensive Market Analysis of your home, along with our unique Marketing Plan, call us today. We'll help you get the best price for your home.
Jay,
ReplyDeleteI like the lemonade stand analogy. Can we sing-a-long now, .... "Don't Go It Alone!"
Lucky
Jay,
ReplyDeleteI enjoy reading your posts. I grew up in Danvers and my mother taught school in Beverly for about 20 years or so. My dad was the Jr. High principal in Danvers from about 1948 until 1970. I still have plenty of friends from the old days that still live on the north shore.
If I make it up the this summer (high school reunion), I'll be sure to contact you - maybe we can do lunch.
...Fred
This was a wonderful post and I agree, but to a 7 year old a lemonade stand is serious business. This is something I do every-time I see a lemonade stand. I stop get a drink and give them a $5 and tell them if it wasn't for entrepreneurs like you, the United States couldn't survive. Keep the change and never work for someone else start your own business when you are older. Everyday can feel like you just did when I gave you that $5.
ReplyDelete...Todd Clark
Jay,
ReplyDeleteLove your analogy!
Jody Deeds