QuestionJune 10, 2025

If the lender/servicer does not get involved in setting the price of the property at the time of listing, how should the listing agent price the property? 10K below fair market value 15K above fair market value At 93 percent of the median list price of current comparable properties At a price that garners an offer from a qualified buyer with a realistic chance of closing

If the lender/servicer does not get involved in setting the price of the property at the time of listing, how should the listing agent price the property? 10K below fair market value 15K above fair market value At 93 percent of the median list price of current comparable properties At a price that garners an offer from a qualified buyer with a realistic chance of closing
If the lender/servicer does not get involved in setting the price of the property at the time
of listing, how should the listing agent price the property?
 10K below fair market value
 15K above fair market value
At 93 percent of the median list price of current comparable properties
At a price that garners an offer from a qualified buyer with a realistic chance of closing

Solution
4.0(204 votes)

Answer

At a price that garners an offer from a qualified buyer with a realistic chance of closing Explanation 1. Evaluate Pricing Strategies Consider the options provided for pricing the property. The goal is to attract offers from qualified buyers with a realistic chance of closing. 2. Analyze Market Conditions Assess current market conditions, including comparable properties and their median list prices, to determine a competitive price. 3. Determine Optimal Pricing Strategy Choose the strategy that aligns with attracting offers from qualified buyers. Pricing at 93 percent of the median list price of current comparable properties can be effective in competitive markets.

Explanation

1. Evaluate Pricing Strategies<br /> Consider the options provided for pricing the property. The goal is to attract offers from qualified buyers with a realistic chance of closing.<br /><br />2. Analyze Market Conditions<br /> Assess current market conditions, including comparable properties and their median list prices, to determine a competitive price.<br /><br />3. Determine Optimal Pricing Strategy<br /> Choose the strategy that aligns with attracting offers from qualified buyers. Pricing at 93 percent of the median list price of current comparable properties can be effective in competitive markets.
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