For sale or On sale

 

A good time to buy and a good time to sell

The first thing that came to my mind when I read a post by a local real estate agent on social media saying that we were in a “hot market”, was to take my sign down.  I still had a lot of packing to do.  Downsizing could take a while and I can not get out that quick.  Real estate markets vary by location and are driven mostly by economic factors in an area that influences supply and demand. market

Here are my tips to make it easy for you to know how your area is performing and if it is the right time for you to buy or sell.

Hot market

  • Real estate agents in your area have ready, willing and able buyers just waiting for a new listing to hit the MLS, due to very low inventory
  • The list price is generally the starting price and buyers bid up
  • Quick closings, as buyers are mortgage ready or have cash, closing within 30 days
  • Buyers are scouting the neighborhood and when your sign goes up they leave a note on your door with an offer
  • Your agent will hold a “public open house” and state a time and date that you are open to review offers
  • Buyers will make an offer without coming into town or viewing the home

Seller’s market

  • Homes sell at list price
  • Prices are stable or increasing
  • Buyer incentives paid by the seller are added onto the list price
  • Seller offers few repairs only if necessary to obtain financing and may ask the buyer for a contribution
  • Low inventory
  • Start of the selling season, defined by your local area trends
  • Average days on the market are less than 60

Buyers market

  • Prices decreasing in an area
  • Average days on the market are more than 60
  • Sellers are advertising price reductions
  • Sellers are offering buyer incentives such as loan closing fees without increasing the price
  • Sellers are offering other incentives such as new appliances, repairs, and cosmetic updates
  • Homes are on the market at the end of a selling season, like late fall or the beginning of a school year depending on your area trends

Working with a real estate professional and having a market analysis prepared for the area you are planning to buy or sell will easily give you this information.

Happy home buying and selling 🙂 It’s a piece of cake

Alice

 

 

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Attract more buyers with the right price

salespyramis

Real estate agents used the pyramid chart to price properties for  successful sales for many years.  A seller can use this as a guide when your property is not getting many showings, and offers are low.  A buyer may jump on a deal if you have a property in mind and your agent gives you an analysis that falls below the fair market value.II

Either way it works….Happy home buying and selling 🙂

Jekyll Island Georgia

Jekyll Island is located 93 miles south of Savannah Ga, via Interstate 95. Travelers can get a break of a busy commercialized beach that offers a good selection of lodging and a campground. The island has a long history going back to 1733 and 60% of the island today is not developed. The island […]

via Jekyll Island a historic gem, on coastal Georgia — The59Club

Natural light with the blinds closed

Blinds

Here’s a quick inexpensive way to add natural light to your home and not give up privacy that blinds provide.  I picked this tip up from a home seller that wanted to brighten the rooms without having to remove the window treatments.  They took the 2″ blinds and lowered them about 10 inches from the top of the window frame.   Not only did they add natural light but it also presented the window itself with a more expensive look.  Best of all it was free and a finished home project in one day.

Happy home selling 🙂  Let the sunshine in 🙂