What is it?

Value range pricing is a dollar range that sellers will consider when receiving offers on their home.

What makes it better?

Real estate valuation is subjective and market conditions often fluctuate while a property is listed. A seller who wants to move quickly may price a home low, while others may wish to hold out for a higher price in spite of a longer time on the market. Value range helps to provide a little of each. Using a value range both parties have greater flexibility and are more likely to get the best possible deal.

So what should I offer?

When a buyer is serious about a home listed with a variable price they must consider the range to represent the likelihood an offer will be accepted. Making an offer at the top of the range will usually guarantee acceptance whereas offers at the bottom are much less likely. An offer in the middle will usually open the lines of communication leading to an acceptable price for both seller and buyer. It is important to give serious consideration to a price level before making an offer.