A Market Education Series · Koop Homes Group
Three Sellers.
Three Outcomes.
Same home. Same true market value: $875,000. Three different pricing decisions.
True Market Value
$875,000
Sellers
3
Outcomes
3
List Price
True Market Value ($875,000)
Alex
Listed at $1,000,000. No reductions. 365 days. Did not sell.
$800K
$850K
$900K
$950K
$1000K
$1050K
Month 0
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Month 14
LIST PRICE
TRUE MARKET VALUE
$875,000
$1,000,000
365 DAYS · DID NOT SELL
↓ LISTING EXPIRED
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Start List Price
$1,000,000
Price Reductions
0
Outcome
Did Not Sell
Bill
Listed at $930,000. Reduced $31,000 at day 30.
$800K
$850K
$900K
$950K
$1000K
$1050K
Month 0
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Month 14
LIST PRICE
TRUE MARKET VALUE
$875,000
$930,000
30 DAYS · NO OFFERS
↓ REDUCED $31K AT DAY 30
$899,000
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Start List Price
$930,000
Price Reductions
1 · $31,000
Adjusted List Price
$899,000
Charlie
Listed at $899,000. No reductions needed.
$800K
$850K
$900K
$950K
$1000K
$1050K
Month 0
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Month 14
LIST PRICE
TRUE MARKET VALUE
$875,000
$899,000
LISTED AT MARKET · NO REDUCTIONS
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Start List Price
$899,000
Price Reductions
0
Position
At Market
Braden Koop
REALTOR® · Personal Real Estate Corporation
Koop Homes Group · RE/MAX Kelowna
Call · 250-801-8725
Email Braden
