The real estate market in Knoxville has changed more in the past couple years than I believe it changed during the prior 10 years combined. The number of ready, willing and capable buyers today is at the lowest level I have seen while the number of homeowners who truly need to sell their homes is approaching record levels. This translates into fewer buyers buying while a greater number of homes remain on the market unsold.
Years ago many real estate professionals bought into a concept that I like to call the real estate Walmart pricing method. Instead of pricing a home at $200,000 they would price it as $199,900 because they thought it sounded better. The real estate landscape has since changed dramatically and with the addition of consumer friendly online MLS systems and the real estate listing websites that allow consumers to search for homes…that same $199,900 listing price will now eliminate 50% of your buyers instantly and here’s why:
This price bridging method can be beneficial to you regardless if your home is valued at $50,000 or $500,000. If you are interested in obtaining the maximum exposure for your Knoxville Area home let’s talk. I have the most aggressive on line marketing program in the Knoxville market call me at 865-696-9002 or email me [email protected]