Price it Right...they will come!

Over at MagnumOne Realty, our agent Kelly Baker listed a home in Lincoln last week. Because it have been on the market for some time with another agent and it is a short sale we made a decision to price it very aggressively since the seller needs to be done with the property and the bank had conditionally approved taking a discount. We priced this Lincoln Crossing home less than $105 per square foot or $335,000 for a nice 4 bedroom, 3.5 bath, 3,206 square foot house.
If you believe there are no buyers out there, guess again because the phone has been ringing off the hook and we are already in a multiple offer situation. On the same street there are a number of other homes for sale with nothing happening. I recently read one market described as 80 percent over priced and only 20 percent realistically priced. This may very well be the case with the Sacramento market. Price it right and they will come.