Activity
Mon
Wed
Fri
Sun
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
What is this?
Less
More

Owned by Michael

Peron Team

1 member • Free

Memberships

Search Atlas LLM Challenge

297 members • Free

The Flock

29 members • Free

Real Estate Money Community

774 members • Free

AI & Automation Mastery

85 members • $69/m

Smart Money Collective

202 members • Free

Skoolers

174.8k members • Free

Commercial Real Estate 101

3.7k members • Free

Alex Hormozi School

699 members • $29/m

Real Estate Deal Room (Free)

253 members • Free

1 contribution to Real Estate Coaching by Cusi
Why pricing homes at $599,000 / $605,000 or similar isn't smart
- Realtor.com - $400k - Zillow - $25k - Homes.com - Manual - Trulia $50k up to $1.25 then 150k 👆🏼Above is how these platforms increment the values of buyer searches. So for example, if a home buyer wanted to look up to $400,000 then can easily do so in the drop down boxes on these sites and manually in Homes. 🥤Also, all homes listed at $400,000 and below will pop up. They also pop up in random order so it may start with a $250,000 please, then a $375,000, then a $305,000, then a $400,000. 🚫It also WON'T show you homes at $400,001 & up. When pricing property we should be aware of how buyers search for homes and pricing our properties accordingly. If your client wants to list at say $410,000 to "negotiate down" then they will likely have less people to negotiate as all of the buyers looking UP TO $400,000 won't see it. 🥰The goal is to be where the people are not be where some are and hope to negotiate. HOPE isn't a good strategy. Strategy is a good strategy. Oh, and there is no reason to list at $399,999 as opposed to $400,000. They both show up. HOWEVER, there is some science behind listing and negotiating at odd numbers like $398,967 instead of $400,000 as it grabs attention and b. it tells the buyers subconsciously that there was a reason behind this number. 🧮 In other words, they didn't just randomly guess this. This unique price must've come from some calculation. Anywho, the overall point of this is that you want to list within' the auto default increments that these sites provide the end user. I recommend saving the above and using it on your calls with your clients. Whatcha think? 🧠
Why pricing homes at $599,000 / $605,000 or similar isn't smart
1 like • Jun '24
$764,893 it is
1-1 of 1
Michael Peron
1
4points to level up
@michael-peron-5556
Dad, Real Estate Investor, Realtor, Self Storage Builder

Active 14h ago
Joined Mar 5, 2024
Powered by