Time for change ?
With statistics indicating that 80% of homebuyers are now using the internet to start their home search, maybe it is time to reassess how we are pricing homes for sale.
For example let's take a home priced, using the traditional method, at $174,900.
Buyers looking for homes in that price range will probably search in the $150 - 175,000 range. Those looking for homes up to $200,000 will likey search in the $175 - 200,000 range. By simply pricing the home at $175,000 we can potentially expose the property to many more Buyers.
Is it time to break away from traditional pricing methods ?