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real estate market: Making Sense of a CMA -Competitive Market Analysis - 12/09/11 09:36 AM
Making Sense of a CMA - Competitive Market Analysis
Here are some things I would recommend looking at when looking at active, expired, pending and sold listings on your CMA.
*What is the average List price in your neighborhood on active homes
*What is the average Sale price in your neighborhood on sold homes
*You’ll notice that Sale Price is more than likely only 3-4% lower than FINAL List Price on the Sold properties
*What is the average number of days on the market?
*What is the original list price of the fasted selling properties? You’ll probably notice the sold … (1 comments)
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real estate market: Pricing your home to sell - 12/08/11 09:30 AM
PRICING YOUR HOME TO SELL
The market price of a home is clearly what a buyer is willing to pay for it.
Now I’m not here to paint an ugly picture, I am here to give it to you straight. Setting the price right is the single biggest factor in getting the most for your house in the shortest amount of time.
I know what you are thinking. If I list it too low, I won’t have room to negotiate. Let me help! If your home is overpriced in this market, it will be impossible to sell until it is … (7 comments)
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real estate market: Seller, What's a Buyer's Market when you're moving up? - 12/06/11 09:16 PM
Seller, What's a Buyer's Market when you're moving up?
BUYER’S MARKET DEFINED
Þ A Surplus inventory of homes on the market
Þ More Sellers than Buyers
Þ Low/No appreciation levels
Þ Motivated Sellers as your competition
Þ Sellers offering incentives
Þ More than 6 months of supply on hand, based on the number of homes sold per month (Many markets have 9-12 Months Supply)
Let’s think about this. If you are moving up, A Buyer’s Market or a Seller’s market, does it matter?
If you want to sell your home to buy another home, the Buyers market, or Seller’s market, … (2 comments)
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real estate market: Facts about the $6,500 Expanded Tax Credit for Repeat Buyers - 11/25/09 07:49 AM
To qualify for the new $6,500 Move-up/Repeat Buyer Tax Credit, you must meet the following criteria:
* Repeat buyers must have owned and resided in their primary residence for 5 years out of the past 8 years. This does not have to be the last 5 years, but any 5 years out of the past 8 years.
* You do not have to buy a home that is more expensive than your current home.
* You must be in contract for your new home by April 30, 2010 and close by June 30, 2010.
… (1 comments)
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