Sellers: Proper Pricing
Summary
In this episode of the RE Real Estate Podcast, hosts Ben Harang and Clint C. Galliano discuss the critical importance of proper pricing from a seller's perspective. They explore various factors that influence pricing strategies, including market analysis, seller motivations, and current market conditions. The conversation emphasizes the need for realistic pricing discussions and the impact of interest rates and insurance costs on the selling process. The hosts provide insights into how to effectively analyze market data and the importance of competitive pricing to attract buyers in a fluctuating market.
Takeaways
· Proper pricing is essential for a quick sale.
· Market analysis should include active, pending, and expired listings.
· Sellers often overestimate their property's value.
· Honest conversations with sellers are crucial.
· Absorption rates indicate market competitiveness.
· Interest rates affect seller motivation significantly.
· Creative strategies are needed in a buyer's market.
· Days on market can indicate pricing issues.
· Sellers should be aware of market changes over time.
· Initial pricing can impact the final sale price significantly.
Sound Bites
"You need to get creative to sell your house."
"Pricing is critical for selling a house."
"Proper pricing is at the top of the list."
Chapters
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
