Weekend Open Houses

Home is where you find it

As often happens we have mostly newer listings in a middle price range, eager to show off for an admiring public. Some have already dropped in price. Will they drop even more? Only time will tell and it is truly a matter of who has more time- the seller or the buyer who really likes the home.

Is there an empty house like this that needs your personal touch?

Could this lonely house be calling to you this weekend?

1265 Saltbush Lane, El Cajon

The usual amenities for a gated community.

On the subject of the time element in sales, I’ve seen it reversed to good effect. Usually a property comes down in price in proportion to the time it is on the market. I’ve seen sellers raise the price over time and I’ve done it myself. After a time consuming offer fell through I raised the price of a property I had listed and it sold quite quickly at a substantially better price. That was a different time, of course, but I’ve seen people doing it in recent months. I haven’t had time to track their success with this plan, but I’m very curious.

Suppose you have an item for sale that generates some interest- a house, an iPod, a nice car… And you publicly announce that you are offering it for the fair price of $x, but every day you will raise the price by $y. Would people have an incentive to rush to buy your item?

[data from generally reliable sources, please comment on any errors!]