I’m not crazy about the range pricing, and I hate it when it is mis-used. The best gap is 6% to 8%, yet there are plenty who go with a 20% split and think they are doing themselves a favor. But buyers start at the bottom, and it is usually impossible to bridge that big of a gap.
The other mis-use is not considering the bottom price. I called on one this week that had a 20% gap and asked if we could buy it at the bottom of the range, and the answer was a flat “NO”. Why bother then?
The range does provide one benefit – those who are looking up to $900,000 will see my listing ($899,000-$949,000). If it were just the single $949,000 list price, they wouldn’t. Most agents will look higher anyway, so I’m not sure the benefit is that great.
Mike
on May 25, 2013 at 1:20 pm
What school district? That is most important factor
Nice house. I thought you didn’t like range pricing?
I’m not crazy about the range pricing, and I hate it when it is mis-used. The best gap is 6% to 8%, yet there are plenty who go with a 20% split and think they are doing themselves a favor. But buyers start at the bottom, and it is usually impossible to bridge that big of a gap.
The other mis-use is not considering the bottom price. I called on one this week that had a 20% gap and asked if we could buy it at the bottom of the range, and the answer was a flat “NO”. Why bother then?
The range does provide one benefit – those who are looking up to $900,000 will see my listing ($899,000-$949,000). If it were just the single $949,000 list price, they wouldn’t. Most agents will look higher anyway, so I’m not sure the benefit is that great.
What school district? That is most important factor
San Marcos!!
According to greatschools.org:
La Costa Canyon: 7
Carlsbad HS: 7
San Marcos HS: 9