The Price is Right Rules – The Biggest Danger of Over-Pricing Your Home

When playing a guessing game on the price or quantity of something, I usually qualify the guess as being subject to The Price is Right Rules. Simply, The Price is Right Rules is guess the amount being closest to but without going over. The amount of the dinner bill (loser to pay), price of a car, number of jelly beans in a jar or the price of a house that was just listed for sale are all examples of how important it is to be close to the answer, but you can’t go over!

The Price is Right Rules - The Biggest Danger of Over-Pricing Your Home

The Price is Right Rules – The Biggest Danger of Over-Pricing Your Home

In looking up what some other industry professionals had to say about the danger of over-pricing your home when listing it for sale, there were a few dangers listed in almost all the articles I read – Showings with no offers (or no showings at all), helping to sell the competition, becoming stigmatized from being on the market for an extended period of time, losing the initial New Listing excitement bump, and not having the right Buyers looking at your property.

With the recent passing of Don Pardo I have been hearing about all the work he has done in his illustrious career, from being THE voice of Saturday Night Live to his work on the original The Price is Right. I grew up watching Saturday Night Live and his distinct voice was the way every episode started with G. E. Smith and the Saturday Night Band rocking in the background. I didn’t know that Don Pardo had worked on the original The Price is Right as I grew up with Rod Roddy and Bob Barker. The contestant that is closest to the actual retail price without going over will be the winner. Remember to have your pets spayed and neutered, good bye everybody! What does The Price is Right have to do with over-pricing your home?

One of the things I get asked all the time in regards to Real Estate is “Why isn’t that house sold yet?” My answer is usually the same: PRICE. The realistic asking price of a newly listed home is the most important aspect of whether or not it will sell, either quickly or at all. The Price is Right Rule as it pertains to the listing price of a home is a simple correlation – go over and you lose. You want to be as close to the market value without going over to maximize your chance of winning. Of all the dangers that befall you from over-pricing your home, the biggest danger is you not getting as much money as you could. Possibly not selling your home at all, or having to reduce your price until you have a realistic asking price which could be forced even lower if you start above what the market will bear, after which you are dealing with all the problems that come with over-pricing from the start.

Playing the guessing game with the Price is Right Rules is fun, but don’t gamble when it comes to selling your home. Contact me if you are in need of honest, professional Real Estate services. I look forward to Helping You Home.

Sameness in Wine

The same yet different

The same yet different

Tonight’s #ONWineChat topic is “Are VQA/LCBO Labs creating a ‘creeping sameness’ in wine?” I am intrigued by the term ‘creeping sameness’ and the inherent negative connotation, the idea that the homogenization of wine styles and tastes is a bad thing. Is it indeed the wrong path to go down, making every wine style turn vanilla, a generic blandness doled out by the bottle? Absolutely! One of my favourite aspects of wine is the differences to be found between varietals, producers and vintages.

The paradox of the VQA in this regard can not be overlooked. Originally formed to bring a standard to Ontario Wine, making sure that the origin, quality and true varietal character was reflected in the wines that achieved the VQA status, there is an intrinsic protectionist “status-quo” to maintain the way things were/are and protect against change. Only certain varietals are permitted to use the VQA moniker and only certain “styles” of wine are allowed. The list of vitis vinifera and hybrid varietals is quite long and comprehensive (http://www.vqaontario.com/Regulations/Standards) and there is a process established to add new varietals as well. The “stylistic acceptance” requirement is what I think leads to the current state of sameness that is occurring. Those that push the envelope of what is established as the style for a particular varietal may not get or lose the VQA acceptance, with the threat of loss contributing to the reluctance of change.

Don’t get me wrong, I appreciate the level of quality that the VQA ensures in promoting Ontario Wines. I look for the VQA label when buying Ontario Wine at the LCBO, mostly to support the wineries and winemakers that go through the effort to make sure the products they produce are world-class. The marketing and promotion the VQA does helps guide the general wine-buying to their members’ products. A look through my cellar confirmed this as almost all the bottles of Ontario Wine I have bear the VQA brand. That being said, I look for the odd-balls, the strange and unorthodox, the rebels with a cause and the wonderful elixirs they produce. Too bad these wines will most likely never see the shelves of the LCBO.

Balancing the Balance

Symmetric Religious Symbols

Symmetric Religious Symbols

The search for balance is eternal, it is a part of everything we are and all the we know. The struggle for balance can take many forms depending on the subject. Take anything, ANYTHING you can think of. It can be a physical object, a thought or feeling, an idea. What would be the state at which it is in harmony with itself? When would you consider it in balance? How would it get there? What would hold it back from achieving balance? Could there be more than one state of balance?

The symbolism used for balance includes many different themes and imagery. The scale, yin-yang, day and night, good vs. evil, happiness and sadness, sickness and health. Balance with the material, balance in your environment, balance within yourself.

Balance within yourself. Balance with yourself. Balancing one’s self is the essential first step before you tackle any other type of balance, be it with another person, where you are, what you do, what may come, what has been. Inner reflection and the constant journey towards a state of equilibrium.

I write of balance as I hope it gives you chance to stop and ponder what balance means to you, in yourself and then all other things that are in your reality. What is your equal point, that state of being when your heart and soul are at ease?