Putting & Pricing

If you have played golf, even if just a little, you have experienced the challenge of getting the ball in the hole. What does putting have to do with pricing? Read on to avoid coming up short; i.e., not selling or selling after months on the market and/or leaving money on the closing table. Continue reading “Putting & Pricing”

2017 First Million Market

We just finished a review of this price range ($1.0m – $2.0m) in the area of our specialty – Walton High School listings in just four elementary schools: East Side, Mount Bethel, Sope Creek and Timber Ridge.

The research was triggered by current popular opinions from people on the street as well as agents that the luxury market had softened and sellers should be prepared to show the house for months.

Our findings seem to point to overpricing rather than a shortage of buyers and/or too much inventory. Continue reading “2017 First Million Market”

Walton High School Oct ’17 Stats

Walton High School Oct ’17 Stats are now available at Miller Group Realty, including a detailed breakdown by elementary school (East Side, Mount Bethel, Sope Creek, Timber Ridge) and price range. Continue reading “Walton High School Oct ’17 Stats”

Benefits of Pricing Correctly

There are many benefits to pricing correctly, two of which are less time on market and a higher sales price when compared to the original list price. Check out these charts for a great visual representation. Continue reading “Benefits of Pricing Correctly”

Can A New Listing Be Under Priced?

“Can a new listing be under priced?” I hear this question frequently.

The general consensus seems to indicate the answer is “No” because an under priced listing will be bid up to the fair market value.

This answer and reasoning is really a response to a different question; i.e., “Will an under priced property sell for the fair market value?” Continue reading “Can A New Listing Be Under Priced?”