Comments on: Bidding Wars Resume http://www.bostonreb.com/2009/11/bidding-wars-resume/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: condobuyer http://www.bostonreb.com/2009/11/bidding-wars-resume/comment-page-1/#comment-12599 condobuyer Mon, 16 Nov 2009 18:02:30 +0000 http://www.bostonreb.com/?p=24867#comment-12599 Bradley, Check out the bidding wars at Bryant (hmm...remember your quote?), 45P, etc.... Wow they are rockin'! Bradley,

Check out the bidding wars at Bryant (hmm…remember your quote?), 45P, etc…. Wow they are rockin’!

]]> By: Mike http://www.bostonreb.com/2009/11/bidding-wars-resume/comment-page-1/#comment-12594 Mike Mon, 16 Nov 2009 16:19:22 +0000 http://www.bostonreb.com/?p=24867#comment-12594 Here's the crux of the article: "Brokers say that bidding wars are almost always set up by listings that are “priced well,” and by that they mean 20 to 30 percent below the high-water marks of early 2008." So, to stimulate sales, sellers are LOWERING PRICES, and guess what? It is working. Shocker. Here's another great quote: "“So,” Mr. Miller said, “you have this weird situation right now where you have above-average inventory, but people are fighting over the ones that are priced correctly.”" Yup. Smart sellers are lowering prices and selling properties. Stubborn/uninformed/Bradley sellers are not and as a result not selling properties. Nothing new here. Price your property right and it will sell. Unfortunately, too many sellers are acting like they haven't read the news lately and are locked in 2007. Mike Here’s the crux of the article:

“Brokers say that bidding wars are almost always set up by listings that are “priced well,” and by that they mean 20 to 30 percent below the high-water marks of early 2008.”

So, to stimulate sales, sellers are LOWERING PRICES, and guess what? It is working. Shocker.

Here’s another great quote:

““So,” Mr. Miller said, “you have this weird situation right now where you have above-average inventory, but people are fighting over the ones that are priced correctly.””

Yup. Smart sellers are lowering prices and selling properties. Stubborn/uninformed/Bradley sellers are not and as a result not selling properties.

Nothing new here. Price your property right and it will sell. Unfortunately, too many sellers are acting like they haven’t read the news lately and are locked in 2007.

Mike

]]>