Peter Mohylsky.   Broker Associate, THE BEACH IS OPEN AND WAITING FOR YOU (Miramar Beach)

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Rainmaker
5,570,642
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

in the real estate business, it's ALL ABOUT THE PRICE....

if it's in a tough location...adjust the price to reflect that!

if it's in tough condition....adjust the price to reflect that!

if it's freakin' ugly or a dozen other factors.... adjust the price to reflect it... 

IT'S ALL ABOUT THE PRICE OF THE PROPERTY THAT'S BEING MARKETED...

Dec 17, 2018 07:00 AM
Rainmaker
867,889
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

"What does this mean?" Good question. Another good question is: "What seems to be the reason that the home in still  on the market after four months? If this question can be answered,  a change can be made that may get it sold. The change will be relative to the property...price, appearance, marketing, availability to show, motivation of the seller, etc. The market is the market. Saying that it is strong does not get a property sold.

Dec 17, 2018 07:09 AM
Ambassador
4,090,518
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It all comes down to location, condition and pricing. You can't change the location and if the condition is as good as it's going to be (and well-staged), the price is all that is left to tweak. 

It's really that simple and I tell clients this right out of the gate. 

Dec 17, 2018 06:58 AM
Rainmaker
1,176,889
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Over priced is over priced, strong market or not.

Dec 17, 2018 06:54 AM
Ambassador
2,545,439
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Hi, Peter. 

      I think it means that it's either a very unique property, or it means that a downward price adjustment may be in order.  Or, it could also be difficult to show.  Or poorly lit, cluttered, or needs staging.  Have there been showings?  Any feedback from showing agents?

Dec 17, 2018 06:50 AM
Rainmaker
5,364,579
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

It really depends on the market place.  In the luxury arena it takes more time to sell a home. It may mean overpriced and it may not.  A

Dec 17, 2018 06:49 AM
Rainmaker
1,092,342
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Without the extremes being present I cannot comment further.

Dec 17, 2018 09:58 AM
Rainmaker
4,799,306
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The market may be strong, but this home is either overpriced or poorly marketed.

Dec 17, 2018 08:38 AM
Ambassador
3,000,915
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It could mean many different things ... as many others have stated, it likely is not anything that cannot be resolved with pricing. 

Dec 17, 2018 08:32 AM
Rainmaker
1,135,987
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

What is the inventory ?  3 months, 6 months or the locality?

In our area it is not suprising homes outside FB, GOOGL takes 90 days but still sell more than asked.  Winter also matters.

Dec 17, 2018 07:41 AM
Rainmaker
6,366,274
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Usually over priced or under prepared.

Dec 17, 2018 07:28 AM
Rainmaker
1,837,185
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

It's over priced! That is the only thing it could mean Peter Mohylsky . Then you can go into WHY it's over priced.

Dec 17, 2018 06:59 AM
Rainmaker
3,955,677
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Perhaps delusional.  Maybe something else.

Dec 17, 2018 06:54 AM
Rainmaker
526,860
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The home is overpriced or there is some issue with it.

Dec 17, 2018 06:47 AM
Rainmaker
906,623
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I agree with Barbara Todaro - althought the adage is "location, location, location", in selling it's simple: Price it for the market/buyer and it will sell!

Dec 17, 2018 04:34 PM
Rainmaker
4,018,174
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Condition, price or both are holding it back!

Dec 17, 2018 02:05 PM
Rainmaker
1,707,297
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

When our market is strong and property ranges from $500 to $5 million then digging down into the weekd is important.

Dec 17, 2018 12:37 PM
Rainmaker
70,344
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

I agree with Fred Griffin...

Dec 17, 2018 11:55 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Price.

Dec 17, 2018 11:49 AM
Ambassador
5,211,140
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Price? Presentation? Motivation to sell?

Could be a lot of things, if the seller wants to sell then it may be time to make adjustments.

Dec 17, 2018 10:53 AM
Rainer
8,119
Kris Swierz
Agency One - Seattle, WA
Because Everyone Loves Real Estate

Needs a price reduction.

Dec 17, 2018 10:44 AM
Rainmaker
3,904,824
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Could mean any number of things... price is too high; unique home that will take longer to sell under any market conditions, etc. Plus I'd need to know what went into the media number... are we comparing apples to apples?

Dec 17, 2018 10:15 AM
Rainmaker
1,361,528
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Price reduction time!

Dec 17, 2018 09:32 AM
Rainmaker
2,610,395
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Those that aren't serious about what they are doing & why supply us with data of disinterest. They hope & wait for opportunity or luck. Failing that, they come to their sense i.e. market value & behold it sells!  This says that 

Dec 17, 2018 08:37 AM
Rainmaker
868,971
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I struggle with exactly how "market is still strong' fits into a property description.

I think, however, that phrase is the ugly cousin of 'Won't last long.'

Both are material evidence of a real estate agent who is mentally exhausted and can only hear real estate agent gobbly-gook echoing in their cranium.

It is however important to note property descriptions are not targeted to agents but to BUYERS.  I always like to remind folks if they don't known what the symbol means, the message is not for them.

IN 120 days I would have rewritten the description no less than 4 times.

Dec 17, 2018 07:25 AM
Rainmaker
966,503
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Overpriced or it's a dog

Dec 18, 2018 06:29 AM
Rainmaker
3,296,977
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If it is on the market after 60 days it is over priced. Over 90 days really over priced and over 120 days, it is massively over priced

Dec 18, 2018 05:33 AM
Rainmaker
749,509
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

It means it's price is not in alignment with buyer expectations for the condition, amenities & location OR it has an incredibly unique niche that will cause added market time. 

Dec 18, 2018 04:51 AM
Rainmaker
1,509,902
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

DOM is not really important criteria for all real estate. Most luxury listings stay on the market few months or sometimes even few years. We have  many 3-10 mln newly built houses, eventually they are all going into escrow, but it takes time. 

Dec 17, 2018 11:08 PM
Rainmaker
512,674
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

It means the home may be overpriced, but I can't say without more information.  "The Market" is a vague statement. Is this home in the most active price range or a lot more.  A $2,000,000 listing will generally last longer than on at $250,000 in any market.  It may be slow in one price range and crazy busy in another. 

Dec 17, 2018 07:46 PM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Well if the average is around 90... 120 is within scope typically but it depends.. Showings strong or weak? If there have been strong showings but no acceptible offers the condition or price or both are driving the buyers to that homes competition. Weak showings could include these two as well but the marketing by the listing agent should also be reviewed and considered. 

Dec 23, 2018 07:29 PM
Rainmaker
4,733,183
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It does have some caveats attached - price point, location and condition.

Dec 21, 2018 06:55 AM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There is an issue of some sort

Dec 19, 2018 07:06 PM
Rainmaker
312,548
Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

sounds like one of the 4P's are off.. Price and Presentation, most probably. 

Dec 19, 2018 07:04 AM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Everything about the price...

Dec 18, 2018 07:29 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Price is the answer.

Dec 18, 2018 05:10 PM
Rainmaker
3,834,669
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

maybe over price

Dec 18, 2018 04:01 PM
Rainmaker
806,727
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It means this particular home is not priced right.

Dec 18, 2018 11:25 AM