Remember back in High School when your best friend had all the dates, and you thought, ‘what do they have that I don't have?' If you are one of the 5,000 single families that are on the market, you might be thinking that about the 88 homes that did sell last week. What did those listings have? Perhaps it was a savvy and honest Realtor with a great web presence on their side. The 88 single family homes that sold last week through Statewide MLS averaged 97 days on the market as opposed to the 147 for the active listings, and these buyers got 95% of their list price. This gives you some insight into how to properly position your home for a quick sale in today's market. If you listen to my radio show, you know dating is one of my favorite metaphors for home buying, in both cases, first impressions mean everything. The price you place on your home is critical. The day your home hits the market is the time you will be exposed to all potential buyers, enlisting a Real Estate agent with great local knowlege and a great web presence who syndicates their listings on many web sites to ensure maximum exposure is your first step. More than likely, buyers have been watching the market for some time now, and they know what is and isn't a good deal, if your home is priced too high to begin with, you will end up being one of the crowd languishing on the market, with potential buyers wondering what is wrong with that house and why hasn't it sold? So then you lower and lower and lower your price until you end up getting less than if you had properly priced it from the beginning, if you even sell at all. This Week's Real Estate Insight: Well kept homes priced properly will always sell the fastest for the best price, this is why you need a Real Estate professional who has good local knowledge to assist you in honestly assessing your homes location and condition and give you the most up to date assessment of your market conditions. And make sure you have quality photographs, just about everybody begins their home search on the web, if you are looking on match.com for a potential suitor, do you even consider Mr. or Mrs. no photo available? Listen to this week's podcast here: [audio src="https://www.residentialproperties.com/blog/wp-content/uploads/2011/13/REI_01_23_2011.mp3"]Pricing Your Home to Sell
- By Michael McCann
- Posted
Remember back in High School when your best friend had all the dates, and you thought, ‘what do they have that I don't have?' If you are one of the 5,000 single families that are on the market, you might be thinking that about the 88 homes that did sell last week. What did those listings have? Perhaps it was a savvy and honest Realtor with a great web presence on their side. The 88 single family homes that sold last week through Statewide MLS averaged 97 days on the market as opposed to the 147 for the active listings, and these buyers got 95% of their list price. This gives you some insight into how to properly position your home for a quick sale in today's market. If you listen to my radio show, you know dating is one of my favorite metaphors for home buying, in both cases, first impressions mean everything. The price you place on your home is critical. The day your home hits the market is the time you will be exposed to all potential buyers, enlisting a Real Estate agent with great local knowlege and a great web presence who syndicates their listings on many web sites to ensure maximum exposure is your first step. More than likely, buyers have been watching the market for some time now, and they know what is and isn't a good deal, if your home is priced too high to begin with, you will end up being one of the crowd languishing on the market, with potential buyers wondering what is wrong with that house and why hasn't it sold? So then you lower and lower and lower your price until you end up getting less than if you had properly priced it from the beginning, if you even sell at all. This Week's Real Estate Insight: Well kept homes priced properly will always sell the fastest for the best price, this is why you need a Real Estate professional who has good local knowledge to assist you in honestly assessing your homes location and condition and give you the most up to date assessment of your market conditions. And make sure you have quality photographs, just about everybody begins their home search on the web, if you are looking on match.com for a potential suitor, do you even consider Mr. or Mrs. no photo available? Listen to this week's podcast here: [audio src="https://www.residentialproperties.com/blog/wp-content/uploads/2011/13/REI_01_23_2011.mp3"]
