Dennis Swartz, MBA, GRI...experience counts! (Full Circle Property Management)

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Rainmaker
5,000,168
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no....that "wild price" still needs to appraise.... we don't test.... it's time consuming and most have a time frame to move...

Mar 01, 2017 05:38 AM
Ambassador
4,222,212
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have done it many times, and many times they have sold.

Mar 01, 2017 03:50 AM
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No

Mar 01, 2017 03:40 AM
Rainmaker
3,053,144
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Not around here!

Mar 01, 2017 03:36 AM
Rainmaker
1,438,025
Kat Palmiotti
406-270-3667 (MT), 914-419-0270 (NY), Broker in NY with Grand Lux Realty and in MT with (coming soon!) - Kalispell, MT
The House Kat

No, I don't want to play with crazy prices! 

Mar 01, 2017 03:36 AM
Rainmaker
1,492,801
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Not all, depends on the area. But I did listed a very ugly house and my phone calls nonstop. Ugly houses are the most popular in my hood if priced right. 

Mar 01, 2017 11:59 PM
Ambassador
4,300,186
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dennis Swartz - wild prices will bring in wild buyers....lol!

Mar 01, 2017 11:30 PM
Ambassador
2,355,704
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not here.

Mar 01, 2017 05:55 PM
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have sold seveal in the last 2 years with wild prices.

Mar 01, 2017 05:22 PM
Rainmaker
1,543,725
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

No; we try to keep everyone out of the Stratosphere

Mar 01, 2017 05:10 PM
Rainmaker
2,791,680
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Not in my market.  Over-priced listings do not sell. Not without price reductions that reduce the price to a realistic price. 

Good listings sell. Crappy listing sell. Everything sells when it is priced right. 

Mar 01, 2017 04:26 PM
Ambassador
2,190,069
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Our market isn't quite that crazy yet. 

Mar 01, 2017 04:17 PM
Ambassador
3,983,049
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

My market is comprised of mostly government loans so appraisals still matter and buyers rarely pay over the appraised price so pricing correctly matters. Being wild and foolish is not how it is done in our market.

Mar 01, 2017 01:31 PM
Ambassador
2,864,529
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

yeah, no.  The last thing I want is crazy market.

Mar 01, 2017 01:08 PM
Rainmaker
928,077
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The market never determines the fundamentals.

Like the law of gravity, the law of selling a home is 99% price, 1% marketing.

The answer to your question therefore is NO.

Mar 01, 2017 10:25 AM
Rainmaker
1,239,526
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Still have to have it appraise, or find someone who will waive the appraisal contingency.

Mar 01, 2017 10:21 AM
Rainmaker
3,173,223
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Still has to meet value for the mortgage company.

 

Mar 01, 2017 10:02 AM
Rainmaker
111,544
Jeanne Feenick
NextHome Premier - Basking Ridge, NJ
Basking Ridge, Warren, Bridgewater Market Expert

I would not recommend it - the only way to ride the wave is to be property equipped - smart pricing always makes sense!

 

Mar 01, 2017 09:05 AM
Rainer
258,739
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Sure, why not.  Throw it on the wall and see if it sticks. 

Really, that would be a disservice to your clients.  If it sits and does nothing, you've hosed yourself and your client.  Price it right and if there's bigger demand, then you'll get over price offers.

Mar 01, 2017 08:57 AM
Rainmaker
1,011,950
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Not here, still a buyers market.

Mar 01, 2017 08:24 AM
Ambassador
3,991,968
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Nope, not my strategy. But I admit you see some things selling at prices that are surprising

Mar 01, 2017 07:26 AM
Rainmaker
442,659
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Yes, I recently had a close encounter with a listing agent who priced the house much higher than a generous calculation could justify.  My clients offered full price and sure enough, the appraisal came in $28K short.  Negotiations brought the price down where it should have been to start with.

Mar 01, 2017 07:01 AM
Rainmaker
2,455,979
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything goes in Real Estate....

Mar 01, 2017 06:47 AM
Rainmaker
1,376,517
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dennis Swartz No, I want my listings to sell so I still stick with the comps.

Mar 01, 2017 06:15 AM
Rainmaker
849,315
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't do wild myself - I do appropriate for the market

Mar 01, 2017 06:10 AM
Rainmaker
564,001
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I don't take over-priced listings very often, but I have a commercial property that is too high and I'm still optimistic because it is a unique property!

Mar 01, 2017 06:05 AM
Ambassador
3,318,801
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No because all buyers are not cash buyers or buyers willing to remove the appraisal contingency and they often can't locate proper comparables even for the correctly priced sales.  So, rather than run into that bump in the road, pricing it properly is still key to a successful sale - and not just a successful 'Under Contract!'  It still needs to get to the Closing table!

Mar 01, 2017 05:47 AM
Rainmaker
1,834,328
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We have been increasing List Prices and getting it !

Mar 01, 2017 05:40 AM
Ambassador
1,641,860
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Beent rying to buy in Florida and seeing prices at $65,000 over the nearest comp so yes it is a wild 2017 so far. FYI, they aren't selling.

Mar 01, 2017 05:38 AM
Rainmaker
3,280,317
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nope! Reality has its place!

Mar 01, 2017 05:29 AM
Rainmaker
5,386,417
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No.

Mar 01, 2017 05:24 AM
Rainmaker
3,000,959
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

NO, even in this market ver priced listings do not sell

Mar 01, 2017 05:12 AM
Rainmaker
1,535,286
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes, I've noticed even the 'that's never going to sell' homes are selling. Not that fast but at a pretty good pace here.

Mar 01, 2017 04:56 AM
Rainmaker
783,946
Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

No, I don't do wild price listings.

Mar 01, 2017 04:49 AM
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I prefer not to do wild prices.

Mar 01, 2017 04:44 AM
Ambassador
1,613,719
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

low inventory high demand we do represent the seller

Mar 01, 2017 03:45 AM
Rainmaker
3,098,890
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't do wild prices... I do prices that properly reflect market conditions and each home's value. I keep telling my clients that a hot market is no reason to "run away with themselves" with crazy pricing... because at the end of the day, the house still has to appraise. And appraisers are surely not running away with themselves over-valuing homes.

Mar 01, 2017 03:42 AM
Rainmaker
1,039,793
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I never try WILD prices its just not an effective method.. there are better ways to get higher prices

Feb 14, 2018 04:12 PM
Rainmaker
329,212
Sally Lawrence
Advantage Real Estate - Tehachapi, CA
Broker, CHS, e-Pro, SFR, REALTOR®

Nope, that's someone else's listing.  I recomend price based on absorption rate and seller's desire to sell.  It's not productive to invest marketing in houses that the seller is not quite ready to move.

Mar 05, 2017 08:30 PM
Rainmaker
4,085,747
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have been doing that for 3 years now, with a crazy seller's market.

Mar 03, 2017 11:09 AM
Rainmaker
3,338,499
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I still prefer reality.  

Mar 02, 2017 01:15 AM