Tuesday, March 14, 2017 / by David Veenstra
For whatever reason, most of us are aware of “Pi”. Mostly we just think of it as that number that goes on and on forever, with no end or solution. And we just know it as 3.14. When and why do we learn about it in life? What good does it ever do us? There’s certainly a lot more to it… For instance, it’s a “constant” ratio in circles. And, it’s an “irrational” number. They teach us that, too. Maybe that stuff sticks with us. Maybe not. For most of us, just knowing the 3.14 part is good enough. There’s no need to think about it much beyond that.
Pi probably isn’t going to affect you or me one way or another in life... But...there is a rather “constant” and “irrational” number in real estate that does affect many people. And most people never learn about it in life...at least until they list their home for sale. That number is the listing price of a home… It’s a “constant” in the sense that almost every homeowner wants the listing price of their home to be a much bigger number than it should be. It is also a “constant” thing that Kalamazoo area real estate agents have to help clients understand, and even come to terms with. But many homeowners disregard what real estate agents explain, and list their home for an “irrational” number, which is too high. Which then creates an unsolvable problem (much like Pi is)... Listing a home for too high of a price, typically makes the process of selling a home go on, and on, and on. Forever. With no end…(also much like Pi is). But, unlike Pi, proper listing prices for Kalamazoo homes are not unsolvable.
There’s a rational number to list every individual home for on the market. No, it isn’t necessarily easy to figure out. But it doesn’t take a mathematician. It takes a real estate professional who knows how to analyze where the house should be priced and positioned within the current market. And, it takes an agent who knows how to explain it well, so that their client doesn’t decide to list for too high of a price. Not all agents can or do these things well. Which is why “irrational” pricing is a “constant” problem so many owners struggle with.
When selling your home, it’s important to connect with the Veenstra Team. We work hard to do the research that will help you price your home to get it sold. Not too high… but also, not too low. It’s a fine balance that needs to be struck. So, when it comes time to list your home for sale, it’s important that you are provided with the market research to give you the most rational number to list your home for on the market. When you call the Veenstra Team and ask for our free home price offer, we will have 2 veteran agents do independent research to be able to give you the value of your home in this current market. We will also share the marketing strategies that we will use to get your house sold if that is what you are looking to do.
One more fun fact about Pi day and the Veenstra Team. You will find that we price most of our home listings ending in "14"....just like PI!. It's our signature pricing and when you see it you can think, like other agents in the Kalamazoo market do, that this house will be well priced. That little 14 at the end of the price is one of our ways to make houses we market stand out in the crowd!
Give us a call at 269-350-5514 if you would like to see what numbers come before the "14" when we price your home!