Value Range Pricing..What exactly is it and how is it used?

 

Value Range Pricing (VRP) is a pricing strategy used by listing agents. Rather than listing a property at a set price, the property is given a range in which the seller will consider offers. Ideally the seller wants the higher price, but they will also consider offers at the lower price in the range. 
 
There are many mixed feelings about value range pricing by buyers, sellers, & real estate professionals. 
 
Buyers may find VRP misleading and confusing. Sellers may find it attractive because it solicits more interested buyers.
 
Other proponents of VRP pricing may make the argument that a fixed asking price is nothing more than a ballpark figure to begin with, & that VR pricing takes the mystery out of the equation, creating less confusion for buyers. It helps facilitate negotiation & encourage offers. 
 
On the flip side, opponents of value range pricing see it as misleading, confusing, for buyers. They also feel it can be frustrating for sellers if they are hoping for offers closer to the higher price in their range, but only receive offers closer to the lower price.
 
Whether you are a proponent our opponent of value range pricing, the key is to educate yourself on the details.
 
Are you a buyer trying to navigate the local real estate market & better understand value range pricing?
 
Are you a seller hoping to understand your options with value range pricing ?
 
Contact Red Door Real Estate we can help educate you on value range pricing, as well as other aspects of the real estate market!
 
That way, whether you are a buyer or seller encountering either standard pricing or value range pricing, will be prepared for both!
 

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Are you ready for Fall? Easy Fall Decorating ideas for your porch!

It’s Fall! Walk out your front door and see leaves falling all around! The ground is filled with beautiful bright red and yellow colored leaves. Take advantage of the colorful leaves and natural scenery right outside your door by decorating your porch for the season! Here are FIVE easy to do ideas, even on a budget!

1. Front Door Wreath

Decorate your front door wreath with brown, gold, orange, or red to capture the fall essence. Get creative! White and grays can make a pretty combination as well.

2. Decorative Pumpkins

Decorative pumpkins with your monogram or house number can look great on your porch! Use glitter to get fancy!

3. Simple Fall Arrangements

Create a simple arrangement with faux leaves and branches. Use pumpkins, mums, etc to create a simple & appealing arrangement for your porch!

4. Hanging Pine cones!

Pine cone + Twine + Mod Podge + gold or silver glitter. Hang on the side of your door or by the front window for an easy & simple decorating idea.

 

5. Decorative Baskets!!

If you are looking for inexpensive and gorgeous decor, this is a must have on your porch. Find a basket in your kitchen or buy one in thrift store. Fill it with pine cones and place string lights in it.

 

We hope this post inspires you to create beautiful fall decor on your porch, even if you are on a budget! Let us know what other DYI Fall decorating ideas you have!!

If you are ready to decorate your own porch, & looking for your dream home give us a call or stop in at our office. We are more than happy to assist you with all your real estate needs.

716-768-1177.

 

 

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