The consequence for one of today’s homes is that they’re asking an extra $1,800, but losing more than half of their audience and exposure. Is less more? Sometimes it is. Maybe it gives them some negotiating room if the goal is $350,000, but I just think so much more would happen if it sat at $350,000 and straddled two price ranges. We call that “bridging”, and it’s an excellent pricing strategy. Mind you, not a “one size fits all” approach, so it always helps to speak to a professional about current competition, market trends, recent sales and lots more. I can think of at least 5 or 6 things that you would want to consider before listing ANY home.
Besides that, it’s a bit of a slow day. There’s a brand new one on Robertson, which is known as one of older Milton’s nicest streets, but overall it’s just an okay sorta list with a dozen properties. Maybe tomorrow we’ll see some fireballs. Until then, ciao for now! 🙂