SURE Sales Group Ep. 17 – Trends, Value & Pricing

     

    Don’t be lazy with language.  The words we use everyday have a big impact on our conversations, perceptions and negotiations – especially in Real Estate.  Three terms discussed in SURE Sales Group Ep. 17 are Trends, Value and Pricing.   These terms have specific meetings in the residential real estate world.

    • Trends – Trends are identified by using data points of past sales.  We look at Median Price, Median Days On Market, and Months Supply of Inventory to identify trends.
    • Value – In residential real estate only an appraiser can determine “Value”.   Of course buyers and sellers have their opinions on value but the buck stops with the appraiser.
    • Pricing – Pricing is where the good real estate professional can logically and rationally justify a sales price.  Pricing opinions are very important because they determine the list price for homes and the offer price for homes.

    As always – we would love to discuss these topics further with you!  Contact Andrew Undem anytime at 410-322-3670 or andrew@SUREsalesgroup.com

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater Baltimore area.

    Contact Us Now

    Any questions, comments, or feedback

    Disclaimer: By entering your information and clicking "Continue" you agree to our Terms of Use and Privacy Policy and that you may be contacted by phone, text message and email about your inquiry.