Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones (Coldwell Banker Realty ~ 512.750.6899)

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Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I believe you lose a lot of possible online matches if you use the law of nines.

 

Jun 17, 2016 02:10 PM
Rainmaker
1,497,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I typically try to do the round numbers, at least at first, but it doesn't always happen.  At 200, you get the people looking from 150-200 and from 200-250.  When I work with buyers, I usually search 5k above and below the range to catch the ones that might work but are just outside the scope... but not all agents will do that.

Jun 17, 2016 03:26 AM
Rainmaker
5,095,966
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do just the opposite and price in round numbers.

Jun 17, 2016 09:41 PM
Rainmaker
7,785,759
Roy Kelley
Retired - Gaithersburg, MD

Round numbers work better for real estate searches.

Jun 17, 2016 08:18 PM
Rainmaker
2,349,966
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I go for the evens so that I pick up the buyer searching in the next increment over mine - I will price at 200 rather than 199 because then I get buyers looking from 150-200 and 200-250

Jun 17, 2016 12:43 PM
Rainmaker
5,189,410
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Used to use nines, but have preferred even numbers lately!

Jun 17, 2016 07:41 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dorie Dillard I've always listed in round numbers.

Jun 17, 2016 05:06 AM
Rainmaker
986,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I just price it best I can and then market the heck out of it - works every time :)

Jun 17, 2016 09:50 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

My clients tend to go with 0s or 5s rather than 9s.

Jun 17, 2016 07:38 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dorie Dillard I prefer law of '000'...lol

Jun 17, 2016 04:28 PM
Rainmaker
1,237,045
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

999 sounds NEIN NEIN NEIN -no no no....

Jun 17, 2016 05:39 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I prefer the even numbers.

Jun 17, 2016 04:53 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I sometimes have my sellers price at $189,889 so there home will show up first in a search.

Jun 17, 2016 04:48 AM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Yes Dorie I do and always have. Odd numbers also work better for me.

Jun 17, 2016 03:47 AM
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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I advise my Sellers to work with even numbers but they don't always agree

Jun 17, 2016 01:22 AM
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3,338,624
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not use the law of nines.  I am more in alignment with Ryan Huggins - Thousand Oaks, CA 

Jun 18, 2016 03:54 AM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

I search 5 thousand higher for my clients and narrow from there. When listing I don't use 999

Jun 17, 2016 01:39 PM
Rainmaker
897,438
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I've heard it said that unusual numbers wind up being more visible. I always liked using round numbers, but the "nine" thing does make the price look cosmetically lower.

Jun 17, 2016 12:22 PM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

I don't. The reason is I never search by range. I usually search for all homes below a certain amount that has most of the required criteria.

Jun 17, 2016 10:45 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

No

Jun 17, 2016 07:51 AM
Rainmaker
2,809,749
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Dorie - We've talked about this a lot over the years and haven't really been able to detect much difference. We're not using 9's now because the math is easier :)

Jun 17, 2016 05:34 AM
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Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Our MLS did research and determined that homes priced on the 9's don't get seen as often as those priced on the zero's, so for that reason alone, I never advise pricing a home on the 9's, as we want as much traffic through the home as possible.

Jun 17, 2016 03:39 AM
Rainmaker
4,551,644
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I let the seller "choose" the price.  As long as it is in a realistic range, I'm okay. Some people love numbers, I like them too especially when they are collecting and growing in my bank account.  

Jun 17, 2016 01:59 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Is it true that JC Penney invented the 99 cent concept, to force his clerks to open the cash drawer for the penny change, which recorded the sale on the cash register tape, and prevented the clerk from pocketing the dollar bill?

Jun 17, 2016 01:46 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I am surprised that the search functions in the mls systems have not developed a buffer for these by now.

Jun 17, 2016 01:24 AM
Rainmaker
4,896,654
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

199,900 is the way to aways go I say!!!

Jun 18, 2016 12:30 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Ryan Huggins - Thousand Oaks, CA said...

Jun 17, 2016 08:54 PM
Rainmaker
4,421,590
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dorie great questions after a great deal of thought I use the SWAG method of pricing... just kidding, I prefer $179,900 type listings unless the seller over rules me...Endre

Jun 17, 2016 04:35 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No I don't.

Jun 17, 2016 12:19 PM
Rainmaker
1,231,822
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Interesting discussion Dorie Dillard that I have not heard in years.

i waiting for the answer to who came up with .99 cents instead of one dollar or $9.99 instead of ten dollars.

Jun 17, 2016 11:45 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I have to agree with you, but then as an agent searching, I will stretch my price parameters to include those properties that a seller might miss. 

Jun 17, 2016 11:42 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Sellers like that nine hundred or nine fifty number. I base my recommendation on the individual property and what the competition is.

Jun 17, 2016 11:37 AM
Rainmaker
3,626,524
James Dray
Fathom Realty - Bentonville, AR

Its like car dealers only 19,999.00 I just round it off. LOL

Jun 17, 2016 11:31 AM
Rainmaker
1,618,891
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Well, if these is nothing good in $50k+/- segment, we extend a bit more. 

Jun 17, 2016 07:30 AM
Rainmaker
2,775,186
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

No nines... but all are welcomed.

Jun 17, 2016 03:43 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dorie,

I am in agreement with Michael Jacobs .  We had a client that was into 8.  A

Jun 17, 2016 02:47 AM
Rainmaker
4,848,614
Richard Weeks
Dallas, TX
REALTOR®, Broker

 I go with the zero.

Jun 22, 2016 12:33 AM
Rainmaker
460,139
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Dorie,

I try to say with the 000's and search for buyers about $10,000-$25,000 beyond their price range. You will more likely get a double dipping search if you stick with the 000 law:)

Jun 21, 2016 12:21 AM
Rainmaker
1,435,300
Yolanda Cordova-Gilbert
Richmond, TX

Our builder does and most people round up and so do I .

Jun 18, 2016 07:39 AM
Rainmaker
1,087,837
Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I follow Praful Thakkar and use sthe law of 000.

 

Jun 18, 2016 04:32 AM
Ambassador
3,382,984
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I don't advise it, particularly the dangling $900 at the end.  I honestly don't think it matters where you turn up.  What does matter is pricing yourself to be the smallest of larger or better homes.

Interestingly enough, I looked a year's worth of listings that had sold in my neighborhood (about 300 listings) and found that those priced with the dangling $900 rarely got the next number up.  For instance, $224,900 didn't get $225K.  However, $225K was way more likely to get $225K.  Not what I expected to find, but it was interesting.

Jun 18, 2016 02:56 AM
Rainmaker
568,572
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS

I have been using $XXX,500 lately.  It's kind of cute. It stands out a little, since everyone else has been using the 9s.

Jun 17, 2016 04:56 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I don't since it isn't a law and since I was a former retail stores owner it drives me crazy anyway.

Jun 17, 2016 08:21 AM
Rainmaker
2,817,665
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

That makes sense, Dorie.  Smart.

Jun 17, 2016 02:54 AM