If you are planning to sell your home in Baltimore County soon it is important to know that you MUST PRICE IT RIGHT TO SELL IT FAST!  In order to price your home correctly, you must first understand what is going on in the current real estate market.  The Baltimore County housing market is similar to the stock market and is fueled by the same principals of supply and demand.  When demand for Baltimore County Real Estate is HIGH and the supply is LOW, you have what we had 5-6 years ago (during the boom), a STRONG SELLERS MARKET!  In a strong home sellers market a seller was able to put their home in the MLS system and get several strong competing contracts within hours and it was not uncommon for buyers to offer more than the listed price, waive inspections, and even waive appraisals.  However, when demand is LOW for Baltimore County Real Estate and the supply is HIGH, you have what we have right now, a STRONG BUYERS MARKET!  In a strong buyers market a buyer is able to put in offers less than the listing price, ask for all of the inspections and appraisals, and even ask for a sellers contribution.  It is not uncommon for a seller to also fix EVERYTHING that is an issue in the home inspection report.  Since we are currently experiencing a STRONG BUYERS MARKET, you absolutely have to PRICE YOUR HOME RIGHT FROM DAY ONE!

How SHOULD YOU Determine Your Listing Price?

You Should CONTACT A LOCAL TOP PRODUCING REAL ESTATE AGENT IN BALTIMORE COUNTY who knows your homes area.  The agent you select should be able to pull comparable properties from their MLS database and provide you with the most current information to help you with your price.  You want to select the homes that are the MOST COMPARABLE to your own and as CLOSE IN PROXIMITY to your own.  Generally you only want to consider comparable properties that have SOLD within the last 180 days.  However, in the current volatile market you may only want to consider the last 90-120 days.  It is MOST IMPORTANT to consider the SOLD properties before you even start looking at the Active Properties as the SOLD properties are what an appraiser is going to use since they have actually SOLD!  When looking at the comparable SOLD properties there are several things you want to consider:

How Many Finished Square Feet did the home have?

Was the basement finished?

How many Bedrooms and Bathrooms did the home have?

What Kind of Updates have been done RECENTLY?

How Much did it Actually SELL for?

Was there any Seller Contribution or Closing Help?

What Percentage of the original list price did they get?

How long was it Listed as Active on the Market?

Then it is time to start looking at YOUR IMMEDIATE COMPETITION and where they are priced.  The lower you price your home compared to your competition, the FASTER it should sell (assuming that there is nothing wrong with the condition and location of your home).  Once you know the answers to ALL of the questions above and have had a chance to look at your ACTIVE COMPETITION, you should have a general idea about what your home should listed for.  If you have any further questions, or would just like some professional advice from an experienced Baltimore County Real Estate Agent, feel free to CONTACT ME or VISIT MY WEBSITE!  If you are thinking of selling your Baltimore County home soon, you can also request a FREE HOME EVALUATION directly from MY WEBSITE!

SELLING SOON? 

If you are considering listing and selling your Baltimore County or Harford County Maryland real estate, I can provide a FREE HOME EVALUATION REPORT also known as a Comparative Market Analysis Report (CMA).  The report will detail all of the Baltimore County or Harford County homes comparable to yours that have recently SOLD in your immediate market area!   CLICK HERE TO GET YOUR FREE BALTIMORE COUNTY OR HARFORD COUNTY MARYLAND HOME VALUE REPORT AND TELL ME A LITTLE ABOUT YOUR HOME!

BUYING SOON?

Are you searching for a new place to call home in MD, PA, VA, DC, or WVA?  Then CLICK HERE FOR A FREE MLS SEARCH AND SEE ALL OF THE ACTIVE HOME LISTINGS!  They are directly downloaded from the same MLS system the real estate agents use!  This database will show you ALL of the property addresses and you will also be able to search for open houses!  Additionally, if you are RELOCATING TO BALTIMORE COUNTY OR HARFORD COUNTY MARYLAND CLICK HERE for more resources.

GET NOTIFIED ABOUT NEW HOME LISTINGS INSTANTLY!

CLICK HERE TO SET UP YOUR OWN CUSTOMIZED FREE LISTINGS EMAIL NOTIFICATION!  Here is your chance to be notified via email of all the new listings in your selected areas that meet your criteria, ABSOLUTELY FREE!  Not only will you be notified by email of all the new listings that meet your criteria from my website, I will also enter your property search criteria into the local MLS system so you will get to SEE ALL OF THE NEW LISTINGS THAT ALL OF THE AGENTS SEE as soon as they hit the market!

FOR MUCH MORE INFORMATION ABOUT REAL ESTATE IN MARYLAND VISIT WWW.ISELLMDHOMES.COM TODAY!

Michael D. Klijanowicz, Multi-Million Dollar Real Estate Agent 
Long & Foster Perry Hall  

(410) 529-1900 X 3158 Office
(410) 236-3331 Cell

http://www.isellmdhomes.com/

Serving Buyers & Sellers in the
Greater Baltimore & Harford County Metropolitan Areas

CONTACT ME FOR MORE INFORMATION - FREE CONSULTATIONS AVAILABLE!

"LIST WITH ME & SEE YOUR HOME ON TV!"