CHERRY PICKING SEASON

What Price is Right?What price is the right price? This is a challenging question in Suwanee's current real estate market - as well as all of metro Atlanta. The typical CMA (comparative market analysis) most agents like to use isn't going to get the job done if you want to have your home priced competitively - and - SELL! Many agents, like myself, are filling their arsenal with supporting data from many sources.
Let's be honest, even with what we hear from the media, come year-end when the analysis of the 2008 real estate market is compiled, despite the nay-sayers, billions of dollars in real estate will have sold in our market. It may not be as much as 2007 and probably even less than years before that; but, homes will have sold. Question is, "Will your house be one of them?"  It can be!
Buyers are cherry-picking and you can't blame them. When buyers start looking at homes, they will find plenty to select from. Odds are, as a seller, you will also find plenty of competition with other houses sharing very similar featuers as your home in the market place. Plan startegically and price your home so you don't find it left hanging, at the top of the cherry tree, all by itself.
Cherry Picking SeasonBuyers will "pick"  the house that is priced the best and the one which doesn't require work once they close and move in. The majority of buyers do not want to replace carpet or flooring; update kitchens or bathrooms. With the ever changing mortgage guidelines, buyers are usually bringing more money to the table and don't want to be faced with home improvement jobs from the get-go.

Rates are great....buyers are going to buy this year! Price your home aggressively and prepare your home to SELL if you want to find yourself one of the cherries picked for 2008!



 
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3 Comments on IT'S CHERRY PICKING SEASON!!

APR
25
2008
112,576 Points Outside Blog

Hi Janice,

What a great post!  I loved the title, which does a really nice job of summing up the market.  We have seen a nice increase in our 1031 exchange business since late February, too.  I think we have seen the bottom of the market in terms of activity, but still have about 12 months to go before we see the bottom of the market in terms of price declines. 

Hope all is well.

10:28am • #1
Outside Blog

Thanks Bill for your comments. We are poised for a turn around as well. We have always been a great market, but I think the media has hurt us more than anything. We are striving to bring confidence back to the consumer. Here's hoping!!

Janice

10:35am • #2
APR
26
2008
240,466 Points 21 Featured Posts Outside Blog
I'm so happy when sellers are realistic... there are so many properties to choose from- people have many great choices right now.
8:00pm • #3

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Janice Slaven, Suwanee Georgia Real Estate

Suwanee, GA

More about me…

Prudential Georgia Realty

Address: 310 Town Center Avenue, Suwanee, GA, 30024

Office Phone: (770) 617-5146

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