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

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Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with 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
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No

Mar 01, 2017 03:40 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not around here!

Mar 01, 2017 03:36 AM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

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

Mar 01, 2017 03:36 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • 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
Rainmaker
4,319,419
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
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not here.

Mar 01, 2017 05:55 PM
Rainmaker
3,986,258
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
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No; we try to keep everyone out of the Stratosphere

Mar 01, 2017 05:10 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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
Rainmaker
2,224,473
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
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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
3,164,294
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
1,543,662
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

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
1,502,998
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
4,936,627
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
115,432
Jeanne Feenick
NextHome Premier - Basking Ridge, NJ
The Agent you choose REALLY does make a difference

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
259,005
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
Ambassador
5,049,108
Jeff Dowler, CRS
eXp Realty of California, Inc. - 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
444,170
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
2,781,173
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
1,466,207
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
989,652
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
599,274
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
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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
2,182,502
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
Rainmaker
1,712,676
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
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nope! Reality has its place!

Mar 01, 2017 05:29 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

No.

Mar 01, 2017 05:24 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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

Mar 01, 2017 05:12 AM
Rainmaker
1,844,291
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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
823,579
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

No, I don't do wild price listings.

Mar 01, 2017 04:49 AM
Rainmaker
4,800,082
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
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - 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
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
1,045,440
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
Rainer
382,309
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
5,868,488
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
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I still prefer reality.  

Mar 02, 2017 01:15 AM