This is a re-run of my post in the Spring which has been modified for today’s market. It is well worth repeating.
SELLING IN STONE HARBOR OR AVALON IN THE Late Summer or Fall
What is The Secret Getting Your Home Under Contract?
What is The Winning Formula? Maybe Patience and Willingness To Negotiate. So how are successful sellers doing it? The basic formula to getting to a SOLD sign in a buyer's market would be.....
#1-PRICE! In this glutted re-sale market price is Paramount.Price it correctly on day one!
#2-listen to your Realtor and Pay attention to the comps.The numbers don't lie.
#3-is location and condition of the property.
And Sometimes it just takes Time.
Yes! Location, condition and price are key factors. Plus, patience and willingness to negotiate are absolutely essential. You have to keep remembering it is a buyer's market! A seller needs to set the price correctly from day one. What is your bottom line? What's your strike price? If you want to get your property Sold, Don't be greedy. Other sellers who set their price correctly now have contracts.
Sluggishness in the Real Estate market remains.It is real. There are more listings available to buyers than any time in recent history. A large inventory remains. Here in Stone Harbor, there are 118 single family homes now for sale. That represents 3 years of inventory.
In Avalon there are now 226 single family homes now on the sale market .
What does all this mean To a Seller?
Deal With Reality.....Buyers are now buying the best for their money.Your house should stand out from the crowd for the listed price, or you need to reduce your price.
Negotiate. Today’s buyers know the comps and they want the best deal.
What Your neighbor Sold his place for two years ago is not relevant. And has nothing to do with market value today. Recent comps = market reality.
Presentation.You are ready to Sell..but Is Your House ready to Sell? In today's market,your house needs to sparkle. Have your house ready to be shown at its best. Whip it into shape. You never get a second chance to make a first impression!
Does your house have curb appeal? Does the look of your home from the curb intrigue a buyer enough that he will want to see inside? Do whatever you can to make it more inviting. Get some color .Plant some flowers.And don’t forget about your lawn and garden! Spruce that up too.Get rid of the weeds .
Your house should sparkle when you put it on the market. Investing in the little things such as touch-up paint, window cleaning, carpet cleaning,(or new carpeting) and even professional staging when necessary will yield a big return on investment. If you don't have time or the talent to do it yourself, Hire a professional stager. It's money well spent, and will make an enormous difference in getting your property SOLD.. Buyers are picky, and they have lots of other homes to choose from .Make yours stand out from the crowd!
We don't Know how long market conditions will last, but we do know that sales are being made today, but with a significant number of builder owned new construction homes on the market which are selling at discounted prices, you need to understand your list price has to compete.
Data provided by our MLS, shows a slight decline in listing volume. Two indicators that the market has bottomed out would be #1 a decline in the number of listings, and #2 an increase in listing and Sold prices. The dilemma for Buyers today is to try to time their move before these two things begin to happen in the marketplace.
MLS facts show a recent flurry of sales made in both Stone Harbor and Avalon. Smart buyers now realize that here in Stone Harbor and Avalon the timing could not be more perfect to create the Deal of their Dreams!.
The fact is the market is not Great…but it’s NOT DEAD !!
Are you considering a move? It would be my pleasure to help you with your Real Estate needs call me..I Love To Talk Real Estate!
Cell:609.425.7521
www.StoneHarborRealtor.com
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Tuesday, August 12, 2008
Preparing To Sell Your Stone Harbor or Avalon home In The Late Summer or Fall
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