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Are you Prepared to Sell in Today's Market?

By
Real Estate Agent with Prudential Preferred Realtors

Sellers - I noticed that a lot of you are curious about your home's value.  And if you are thinking of selling in the future... here's some great news.  But first, let's cover the bad.

Some of the issues that I deal with on a daily basis are:

1) So many foreclosures ~ a great deal for buyers but overall a detriment to the overall value of your home.

2) So many homes for sale ~ a lot of competition, longer days on the market.

3) 2nd and 3rd mortgages and the decrease in home sales causing home owners to have little to no equity.

 

Good NEWS, There is a plan...

I have to preface this with the fact that PRICE is always going to be the number one factor in selling your home.  Price has to be accurate or your home won't sell.  And let me tell you, buyers definitely have a good feel for what price range they believe your home should sell at by the fact, that they have already looked at all the other homes in your price range.

To combat the problems above we need to address the:

 FORECLOSURE ISSUE-Foreclosures are a great deal, but you never know what other issues and problems you may run into when buying a foreclosed home.  Staging and having your home set and ready to go is vital in today's market.  There are still buyers that want a good deal but are not willing to do the repairs necessary on the foreclosures.  They want that home that is "ready to move into".

 

COMPETITION ISSUE- With so much competition on the market, you need to set yourself apart from all the other homes on the market.  You need a true market differentiator that will cause your home to sell faster.

I have that piece that will set your home above the competition with a faster sale.  Call me for more information at (616) 318-6101.

  LACK OF EQUITY- By the time we find the right price, we may find out that there is hardly enough money to pay off what needs to be paid off.  To help you save on commissions, I have the ability to offer a program that allows you the freedom to sell own your own but also has the help of a trusted Real Estate advisor, namely ME.  It's a FANTASTIC way for sellers to save some of their equity and still have the help of REALTOR.  I LOVE this program, so if this one fits you... call me up.  I can't wait to tell you all about it!

Call me at (616) 318-6101, there are finally some options that can get that home sold at a reasonable price!

Comments (5)

Kathy Riggle
STAGING SMART N SOLD - Houston, TX
Houston Home Staging

Hi Tammy-

You have some good solutions here for today's RE market.

Kathy

Feb 26, 2008 06:18 AM
Tammy Stone
Prudential Preferred Realtors - Grand Rapids, MI
"Eco-Green" Agent in West Michigan
Thanks Kathy- Just have to pull out all the stops to sell.
Feb 26, 2008 07:05 AM
Susan Peters
Dove Realty Inc. - Seattle, WA
The Better it Looks the Better it Sells

Tammy,

Good post. Especially the part about foreclosures. There are a lot of agents who would prefer a poke in the eye with a sharp stick to selling a REO property or even a house that's in pre-foreclosure.

 

Feb 27, 2008 03:41 PM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic
Sellers have to understand there is so much competition out there. They want the price THEY want. But you're right pricing is key to a successful sale.
Mar 04, 2008 08:55 AM
Please Delete Account Please Delete Account
Please Delete Account - Barton City, MI
Hi Tammy,  Yes! Sellers need to differentiate themselves in this competitive market. Thanks for being a Realtor who believes in staging.  Staging is a great way to set a house above the competition, whether it be an occupied home or a vacant house.  Price is still number 1 and staging helps homes sell faster and closer to the list price.
Mar 13, 2008 03:09 AM