{"id":9534,"date":"2014-01-28T10:37:09","date_gmt":"2014-01-28T15:37:09","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=9534"},"modified":"2014-01-28T10:37:09","modified_gmt":"2014-01-28T15:37:09","slug":"its-the-price-that-sells-a-home","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/its-the-price-that-sells-a-home\/","title":{"rendered":"It&#8217;s The Price That Sells a Home"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/home4sale-case.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-9535\" title=\"home4sale-case\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/home4sale-case-1024x682.jpg\" alt=\"\" width=\"634\" height=\"422\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/home4sale-case-1024x682.jpg 1024w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/home4sale-case-300x199.jpg 300w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/home4sale-case.jpg 1115w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/a><\/p>\n<p>In a recent Realty Times article Blanche Evans speaks to the reality of what sells and what does not despite everyone&#8217;s claim that &#8220;my home is special&#8221;. As I tell my clients, the market always speaks and it is our job to listen.\u00a0 Some do and some don&#8217;t.<\/p>\n<p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:RelyOnVML \/> <o:AllowPNG \/> <\/o:OfficeDocumentSettings> <\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal<\/w:View> <w:Zoom>0<\/w:Zoom> <w:TrackMoves \/> <w:TrackFormatting \/> <w:PunctuationKerning \/> <w:ValidateAgainstSchemas \/> <w:SaveIfXMLInvalid>false<\/w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false<\/w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false<\/w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF \/> <w:LidThemeOther>EN-US<\/w:LidThemeOther> <w:LidThemeAsian>X-NONE<\/w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE<\/w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables \/> <w:SnapToGridInCell \/> <w:WrapTextWithPunct \/> <w:UseAsianBreakRules \/> <w:DontGrowAutofit \/> <w:SplitPgBreakAndParaMark \/> <w:EnableOpenTypeKerning \/> 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\tmso-tstyle-rowband-size:0; \tmso-tstyle-colband-size:0; \tmso-style-noshow:yes; \tmso-style-priority:99; \tmso-style-parent:\"\"; \tmso-padding-alt:0in 5.4pt 0in 5.4pt; \tmso-para-margin-top:0in; \tmso-para-margin-right:0in; \tmso-para-margin-bottom:10.0pt; \tmso-para-margin-left:0in; \tline-height:115%; \tmso-pagination:widow-orphan; \tfont-size:11.0pt; \tfont-family:\"Calibri\",\"sans-serif\"; \tmso-ascii-font-family:Calibri; \tmso-ascii-theme-font:minor-latin; \tmso-hansi-font-family:Calibri; \tmso-hansi-theme-font:minor-latin;} --> <!--[endif] --><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">You&#8217;ve heard the old saying &#8211; &#8220;Location, location, location.&#8221;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">The real truth is &#8220;Location, condition, and price.&#8221; And price trumps every other factor.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">Location affects the value of a home, but it&#8217;s price that sells a home.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">Oceanfront, mountainside, or penthouse, the most desirable location in the world won&#8217;t sell at the wrong price.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">Every property has a potential buyer, but like rock, paper, scissors, it&#8217;s sometimes hard to know which factor is going to win the showdown.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won&#8217;t be as a high as it would be for a good location. <\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it won&#8217;t be as high as a comparable home in better condition.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">But neither location or condition will sell any house. Only one thing does that &#8211; price.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">So if you&#8217;re a seller waiting for that &#8220;special buyer&#8221; who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, you&#8217;re going to have a long wait.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">So if your home is represented by an agent, and it&#8217;s been on the market for a long time, chances are it&#8217;s your own fault.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">Maybe you didn&#8217;t listen to your agent when he said you&#8217;re pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didn&#8217;t make offers.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">When the showings stopped completely, maybe you accused your agent of not doing a good enough job.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">You put the blame on everyone except where it belongs &#8211; on you. It&#8217;s not about you, what you want, or how much you need for your retirement.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; mso-fareast-font-family: &amp;quot;Times New Roman&amp;quot;;\">It&#8217;s about the price.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent Realty Times article Blanche Evans speaks to the reality of what sells and what does<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9534","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) 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