As the video states, 2013 was a great year in our local real estate market. Most homes sold for very close to asking price, and many even over asking. Hopefully, this will encourage sellers to prepare their homes for sale and to properly price their homes. When this is done, homes are selling in less than 45 days and with multiple offers! Buyers are also starting to notice the change. Their negotiating power in regards to price and repairs is significantly decreasing with the shortage of inventory.
2014 Seems to be off to a great start. I can only hope this positive trend continues.
I ran a statistical search to see what sales were like in December, 2013. I was curious to see how the year had ended. I found the results to be very interesting. I’ve been explaining to sellers how important it is to list a home at the right price in order to sell quickly and for top dollar. This is especially true in the hot market we have now that has an abundance of buyers and a lack of inventory. The charts below provide the evidence that my claims are correct.
Continue reading Very Interesting Sales Price Ratio Stats. Important Read for Soon To Be Home Sellers!
When I first thought of this post, I was thinking it was strictly advice for buyers. However, the advice I’m about to give should be considered by sellers as well. There’s a cliché out there as old as time. It’s one heard on a regular basis, perhaps daily. For the most part, it is a great suggestion. Unfortunately, the few times in life where it may be wise to avoid, the consequences are detrimental. What is the cliché I’m referring to? Here it is… “We might as well ask. The worst they can say is no.” Continue reading The Worst They Can Say Is, “No”… Or is it?