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Pricing decisions are more important than ever for sellers in this real estate market. Here are some things for sellers and future sellers to keep in mind as they contemplate their pricing decision. It's so critical to visit with your real estate professional to get a locally knowledgeable source in determining the best price for your home.
If you price your home too high for the current market -
1. You will lose the excitement that a new listing generates:
Most activity on a listing comes within the first 30 days.
Agents update potential buyers on new listings - buyers decide whether to view a home based on the price and amenities.
An initial high price will discourage buyers.
It's the right buyer at the right time - DON'T MISS OUT ON THAT ONE!!
2. You will lose the most qualified prospects:
Buyers will not "just make an offer" because they probably will never see the property.
Buyers will view the properties that are priced within their price range, knowing that they cannot afford anything above their price ceiling.
3. Overpricing helps sell other homes:
Your home may be used to demonstrate the good value of other properties.
Your objective should be to enter the market in a position that will attract prospects, not drive them away.
4. Your home may become stale on the market:
Prospects may wonder what is wrong with the property (even after you lower our price).
You may even have to settle for less than market value.
A house takes on a reputation surprisingly fast, so don't wear out your welcome on the market.
5. You lose a strong negotiating position when your home is on the market a long time, both financially and through perception.
Provided by Lynn Johnson, Broker/Owner at Coldwell Banker Home Connection, Owatonna, MN
Contact Lynn for all your real estate needs in and around the SE Minnesota area.
This has been a fantastic Fall season. I've been out every day enjoying the explosion of Autumn colors. One of my favorite parks to walk through is Kaplan's Woods which is 225 acres of trails and groomed paths. There is a plethora of nature to enjoy throughout this wonderful park. The best part is that you see different things as the seasons change. Summer brings the lush green forest feel, as Fall arrives you can see through the trees and notice things that have been hidden from view in the past. Winter's a magical time in Kaplan's Woods and the city Parks department does a terrific job of clearing the trails. The paths are also groomed for cross country skiing and snow shoeing which are great ways to enjoy Winter.
Kaplan's Woods is a desirable destination for family photos and graduation pictures with its incredibly 
picturesque backdrop. We're so fortunate to have a variety of wonderful parks and trailsto enjoy throughout the year. Owatonna offers so many options for families and park goers of all ages. Get outside to play and enjoy!
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I'm a dedicated real estate professional; a broker who lives, works, and plays in Owatonna, Minnesota. I work hard to put the best interest of my buyers above all else. Check out my Owatonna info.
There's so much to see and do in Owatonna, Minnesota. It's a great place to live! Here are some of the great views around town.
I've been a real estate professional since 1996. I've thoroughly enjoyed meeting and working with so many families in and around the Owatonna community. I became a real estate broker in 1999, and along with two business partners we opened our first Coldwell Banker office in 2000. Since then, we have purchased two additional offices, one in Albert Lea, MN and the other in Northfield, MN. We've been so fortunate to be able to work with such dedicated and experienced professionals in each of our offices.
My husband and I have two children - the oldest is in college at Gustavus Adolphus, and the younger one is attending Owatonna High School. They both play hockey, and enjoy soccer, as well. We've been a hockey family since the youngest started skating at two. Unfortunately, the winter months are not my favorite, but I've learned to acclimate to the frozen rinks as I support my kids.
We've been in Owatonna since 1986. I can't believe how quickly 22 years can go by. This has been a great place to live, work, play, and raise a family, and I can certainly attest to the benefits that our community has to offer families who are just moving in to the area. I'm working on enjoying our plentiful parks throughout the year, not just in the warmer months. I recently started to snowshoe, and also enjoy walking on the trails and in the snow-covered woods. I also love to ride bike, but haven't attempted winter riding.
I'm currently involved in a variety of community organizations - the
Steele County United Way Board, the Owatonna Ambassadors, and Big Brothers/Big Sisters. In the past I've served on several other boards, and participated as a volunteer in my church, and throughout the community. It's been a reward to meet so many people who are committed to making a positive difference in the lives of the people within our community.
I graduated from the University of Minnesota with a Bachelor of Science degree and fom the University Wisconsin-LaCrosse, with a Master of Business Administration degree. I love to learn new things, and am attempting to learn to speak Spanish.
I work with buyers and sellers across all price ranges, and enjoy helping the first time buyer, as well as experienced, savvy sellers. I gauge my style according to their needs, wants, and expectations. I like to focus on what is most important to my clients.
I also enjoy helping clients through the process of new construction. I've built many spec houses, and have become very familiar with the area's builders. We're fortunate to have many solid and reputable builders to work with.
Real Estate Salesperson - 1996
Real Estate Broker - 1999
Certified Residential Specialist (CRS)
Graduate Realtor Institute (GRI)
Relocation Specialist
Certified E-Marketing Specialist
Certified Negotiation Specialist
We couldn't believe how smooth the process went in selling/buying our new home. It all came down to the wonderful and thorough service Lynn provided to us once again. We highly recommend her to others. Mike & Heidi O.
Lynn - thank you so much for helping us find this home and get into it so fast. We couldn't have asked for a better experience. Thanks! Vanessa V and Justin J.
Lynn's awesome! Thanks for everything. Rick & Laura Y.
Lynn is a good communicator and has genuine concern for her clients. She is trustworthy and works hard for her clients. The B.'s
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