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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
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What's the deal with price ranges?
I've notice a few houses with a listed price range, usually a range of about $40k. Why is that?
TIA!
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Posted 2/11/08 1:00 PM  |
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Prudential Douglas Elliman Real Estate
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PreshusSmurf
So in love with my little guys
Member since 1/07 2963 total posts
Name:
Jess
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Re: What's the deal with price ranges?
I always wondered this too ... thanks for posting the question.
(sorry, i know that doesn't actually help!  )
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| Posted 2/11/08 1:23 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: What's the deal with price ranges?
It's so that when people type in a price point on MLS their house will show up.
So if someone is looking for a house for up to $400,000, a house in the $385,000 - $410,000 range will show up.
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| Posted 2/11/08 1:31 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: What's the deal with price ranges?
The Realtor usually does this, so people do not get turned away if a house is above their budget.
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| Posted 2/11/08 1:33 PM |
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MetsGirl07
LIF O2 Vendor
Member since 12/07 16202 total posts
Name:
Deanna
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Re: What's the deal with price ranges?
we noticed this too before we bought our house...
what i didnt get was... if someone put in the range $300,000 to $375,000 ... then why would anyone bid over 300,000?? it almost doesnt make any sense to me 
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| Posted 2/11/08 1:37 PM |
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brandy11
LIF Infant
Member since 5/07 164 total posts
Name:
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Re: What's the deal with price ranges?
It was explained to me that this was the price range a seller would accept an offer in and this was just another way to lure in potential buyers. (They would capture buyers searching in this case from $350k - $400k and $400k - $450k) for a home price range asking $370k to $400k for example.
Message edited 2/11/2008 2:16:50 PM.
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| Posted 2/11/08 2:12 PM |
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laurabora
LIF Adult
Member since 4/07 2712 total posts
Name:
Laura
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Re: What's the deal with price ranges?
Whatever the strategy behind it, it always makes me think there's something wrong with the house.
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| Posted 2/11/08 2:28 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: What's the deal with price ranges?
I was told by my agent to consider the bottom number the price of the house.
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| Posted 2/11/08 2:35 PM |
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MrsTeachMe
LIF Toddler
Member since 1/08 439 total posts
Name:
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Re: What's the deal with price ranges?
We found out the hard way when we really liked a house that started at a price we could afford. After putting in a bid, we were informed by the REA that the price range was a marketing strategy/an incentive to have people view the house. In reality, the homeowners expect the highest amount in the price range-as anyone would.
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| Posted 2/11/08 6:11 PM |
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MommyofG
just the girls
Member since 5/05 9461 total posts
Name:
Janice
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Re: What's the deal with price ranges?
we were told the range is letting potential buyers know the seller is willing to take an offer somewhere in the middle-
doesnt mean something is wrong with the house
its not necessarily a stragety for all
I like ranges- it means the seller is very negotiable.
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| Posted 2/11/08 9:10 PM |
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