Debbie Reynolds, C21 Platinum Properties, The Dedicated Clarksville TN Realtor-(931)320-6730 (Platinum Properties- (931)771-9070)

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Rainmaker
3,531,939
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie ninety per cent of the time buyers and agents know it is a decrease... the 10% who raise it all I can say is WHY?Endre

Nov 05, 2017 12:00 AM
Rainmaker
817,653
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I see sign riders with " New Low Price", " Priced Reduced", " Improved Price", etc. I think most people assume " new price" means reduced price.

Nov 05, 2017 04:09 AM
Rainmaker
3,858,752
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Interesting question.   For the most part, there seems to be no secrets anymore --- it seems most of the information is readily available.   

Nov 04, 2017 11:37 PM
Rainmaker
1,508,825
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

In my mls is a bright line: ''reduced'' or ''increased'' over the main picture. 

Nov 04, 2017 10:00 PM
Ambassador
3,983,171
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

John Q seems to know EVERYTHING now, thanks to the internet, Debbie!!

Nov 04, 2017 09:19 PM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think the public assumes that the price has decreased.

Nov 05, 2017 05:04 AM
Rainmaker
1,707,191
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I the public associates new price with reduction.

Nov 05, 2017 04:55 AM
Ambassador
4,423,417
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I think they assume that it's a reduction, which of course is not always the case.

Nov 05, 2017 04:26 AM
Rainmaker
3,766,855
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It depends on where the public is pulling up information. I think when a price change is announced most people assume it's a reduction.

Nov 05, 2017 03:53 AM
Ambassador
5,074,626
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont think that they pay that much attention, and why would they unless they have their heart set on a specific home.

Nov 04, 2017 10:26 PM
Rainmaker
332,205
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

I guess it depends on what medium the public is using. Obviously a sign that simply says "new price" is a mystery. Sometimes a little mystery can be a good thing.

But most MLS and even commericial sites like Zillow or Trulia will indicate whether it is a reduction or increase.

 

Nov 04, 2017 09:34 PM
Rainmaker
948,274
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

In our MLS system when a price goes down or up a green arrow indicates which direction the price went Debbie Reynolds 

Nov 05, 2017 07:48 PM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

They don't but I normally put that in the comments

Nov 05, 2017 04:18 PM
Rainmaker
504,988
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Our company website notes price reductions. And as a company we actively market all of our price reductions on our flyers, ads, etc.

Nov 05, 2017 03:43 PM
Rainmaker
206,570
Chuck Mixon
The Keyes Company - Cutler Bay, FL
Cutler Bay Specialist, GRI, CDPE, BPOR

MLS has the up and down arrow to indicate if increase  or reduction.

Nov 05, 2017 01:22 PM
Rainmaker
1,613,947
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

As Endre Barath, Jr. wrote and if it is an increase, the capital improvement should be detailed in the public remarks

Nov 05, 2017 09:47 AM
Rainmaker
6,210,913
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. Full disclosure is a good policy.

Nov 05, 2017 09:43 AM
Rainmaker
1,345,213
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

People are trained to believe it's a reduction.  Very few times is it an increase (although I have done a few of those in the last year or two).

Nov 05, 2017 08:55 AM
Rainmaker
2,966,434
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

The price does show increased or decreased. I see many price increases in my market ... I am with Endre Barath, Jr. ...WHY?

Nov 05, 2017 08:52 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

The public does not know in my area on our public site, www.realtor.ca, whether the price went up or down...unless we specify something in the description of the listing. I think it would be beneficial if they was a price reducdtion.. but not if it goes up!

Nov 05, 2017 07:15 AM
Ambassador
2,528,051
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Zillow now shows property history.  In some cases, that includes price changes.

Nov 05, 2017 06:49 AM
Rainmaker
1,123,223
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The public is much sophisticated. Use Redfin as an example, it shows how much it was sold for, dates, mls #, each price increase, estimated cost, proability it will sell quickly, and how much more $ the buyer will receive from brokerage using their own agent. 

Recent years about 2/3 of homes are priced below market. At first OH they raised the price forcing people to bid up.  I suspect there will be a crack down as it sounds like bait and switch to me. 

Nov 05, 2017 06:45 AM
Rainmaker
5,219,509
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

I agree with Endre Barath, Jr.   On occasion, I have seen the price go up after the house has been of the market.  A

Nov 05, 2017 06:37 AM
Rainmaker
3,889,982
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good point. Most probably assume the price has been lowered! 

Nov 05, 2017 06:26 AM
Rainmaker
1,434,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds Generally the public doesn't know. They assume it is a price reduction.

Nov 05, 2017 06:25 AM
Rainmaker
3,526,867
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

In our MLS, there is an arrow pointing up or down...

Nov 05, 2017 06:16 AM
Rainmaker
4,088,348
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I think most consumers and agents associates new price with price reduction!

Nov 05, 2017 06:08 AM
Rainmaker
2,595,020
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The price subject is dicey when lowered & questionable when raised. Explaining the change gives buyers less to analyze & more to appreciate

Nov 05, 2017 06:06 AM
Rainmaker
1,675,986
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

My RM website lets me turn that feature off which I do. No mention of price adjustments there. MLS tells them obviously.

I think you have to be a little bit 'off' not to know that we mostly decrease prices.

Nov 05, 2017 05:59 AM
Rainmaker
5,553,204
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

well, we don't raise prices.... we list at the upper end of fair market value.... it's not an exact science, as you well know.... mls, has the little arrow that indicates upward or downward for agents.... buyers should have buyer agents!

Nov 05, 2017 05:56 AM
Rainmaker
3,069,284
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Agents can see the price history in the MLS...

Nov 05, 2017 05:48 AM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

You can look up the property on Zillow and it will show all price reductions or increases.

Nov 05, 2017 05:39 AM
Rainmaker
1,043,619
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I have seen agents adjust the price upward and then downward... just moments apart.  Apparently in an effott to show up in automatic searches as changed status without really changing anything...

Nov 05, 2017 04:50 AM
Rainmaker
516,441
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

"Reduced price" is one of the phrases on the list of words that hurt the seller.

Nov 05, 2017 04:37 AM
Ambassador
2,047,866
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Good point. Most people would automatically think the new price is lower.

Nov 05, 2017 04:31 AM
Rainmaker
800,017
Peter Mohylsky. Broker Associate
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

I am surprised different most services handle this differently.

Nov 05, 2017 03:13 AM
Rainmaker
544,742
John Mosier
Realty ONE Group Mountain Desert - Prescott, AZ
Prescott's Patriot Agent 928 533-8142

Our MLS Reports show the Original List Price. That tells most of the story. Members can also read a detailed history of ALL the changes to a listing.

Nov 04, 2017 09:35 PM
Ambassador
3,986,387
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I assume it means lower pricing but had a buyer question it.

Nov 05, 2017 09:01 PM
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good idea.

Nov 05, 2017 04:02 PM
Rainmaker
796,972
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I think one assumes it went down.

Nov 05, 2017 12:21 PM
Rainmaker
854,560
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No. Those confused by such a rider are not good home owner candidates.

If the agent is confused....oh my!

As a matter of reality, most will jump to their devise to confirm how brilliant they are. That is spelled 'Mission Accomplished!' Hopefully the listing agent set the events properly

Nov 05, 2017 05:55 AM
Rainmaker
1,998,766
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

curiosity killed the cat

Nov 05, 2017 05:17 AM
Ambassador
4,310,074
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Most of the real estate portals make it very clear - if the price is up or down!

Aug 22, 2018 08:35 PM
Rainmaker
3,701,336
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Our MLS shows the price history

 

Nov 09, 2017 04:43 PM
Rainer
316,461
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

I believe buyers and agents assume the price was reduced.  Sometimes I see a property with increased price and usually the agent will post why the increase, such as new floors or seller added acreage.

Nov 08, 2017 09:42 PM
Rainmaker
4,600,925
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In our MLS it will show which direction the price went.

Nov 08, 2017 06:52 AM
Rainmaker
594,184
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

The natural assumption is that the price dropped but I think they should be more specific.

Nov 06, 2017 08:05 PM