Wishing you all a great 2018. We opened the door to some interesting data in our community recently. Thirteen active listings have been on the market 86 days or more and appears the listing agents may be listing the homes for what the sellers are requesting and not for what the homes would appraise for.
Five homes listed below market value in the past 60 days and received contracts immediately. When you maybe approached by brokerages that boast about how many homes they’ve sold, please do your research. Also ask why they sold so quickly! It’s important for us as your realtor to represent your best interest, however some teams want to list your home, so it will sell quickly and not look at the entire scope of value your home may offer. This may leave you with less net walking away than perhaps you should have received.
An interesting statistic you may not be aware of, when you believe a brokerage may boast of having (X) amount of homes listed, does not mean they are producing a lot of sales. I’ve experienced in my practice that the more homes I have active on the market the more buyer leads I may produce “depending on the time of the year!” The big downside for these active listings is the days on the market tend to devalue the credibility of performance. We honestly try to keep you informed with the progress in our efforts.
Let’s do a quick recap! When I list your home, I look at the actual market value based on sales within our community, but more importantly I do my best to build and market specific value your home may offer. It’s a fine line between these guide lines and additional elements may bring value that you are not aware of, or other agents are not awae of. This has been a large reason why Mortgage Brokers are calling me a Super Star. My team and I make deals happen.
When you’re ready to sell, or your ready to buy, sit down with me or one of my team members and we will explore the values and what you should accept from a buyer. If you are a buyer, we will define the positives and negatives you need to review before determining an offer.
We look forward to assisting you because we want your business for life, not just for one sale.