Update: SOLD and here’s how we did it. When pricing your property, its all about positioning. The way to get top dollar for a property is to make it seem like the best deal out there! This unit was tenant occupied and needed some cosmetics to say the lease but here’s how it went…
This is the listing history of this property. The most important thing to remember when you are selling your house for top dollar is the market time. Buyers will often look at market tie as a leverage point and understand that more market time generally means more negotiation room. Less market time generally means less negotiation room because the most amount of showings will take place the 1st two weeks the property is on the market.
My point is that it’s important to adjust to what the market tells you sooner than later so you can make any adjustments and stay away from accumulating too much market time which invites low ball offers. Check out this article to learn more about market time:
We originally went on the market for $249,900 with $30,000 for parking. Our total list price was $280,000 which we knew was high. Comps with parking were in the 230-240K range at the time. Within 10 days we made our first price change as the market told us directly it was overpriced with feedback form showings and lack of showings. From the time we changed price to adjust to this and received a contract we ended up with our $255,000 end sales price. This was a multiple offer situation and the seller accepted the highest bidder.
If we did not change the price so quickly, I highly doubt that we would have been in a multiple offer situation, which drove the price up. The morale of this story is that you should always adjust to what the market tells you it’s doing because 9 times out of 10 you will get a higher sales price when you do.
If you want to know more about the 3 ways to position your house for sale to receive top dollar CLICK the link below and read that article.
Do You Want To Know How To Position Your House For Sale?
Yes, we are Realtors, but we are BETTER MARKETERS.
Looking for one of the most convenient locations in the South Loop within walking distance to el stop, schools, Grant Park, the Loop, shopping etc… This bright high floor west facing unit has a gorgeous view of the Loop and sits up on the 23rd floor. Nice open layout with hardwood floors, granite kitchen, balcony off main living area, washer drying in unit, LARGE bedroom with a HUGE closet! Building features great common rooftop deck, party room, exercise room, and full time doorman. Perfect for first time home buyers or college students looking to avoid the cost of the “dorms: or high priced rental condos in the area. Deeded parking available for purchase for $25,000. Additional storage included.
|Address:||41 E. 8th Street, #2305|