Real Estate Guy Team is a full time dedicated team of professionals going to bat helping buyers and seller clients achieve their housing goals.
Believe us in this market this is not something any old part timer should be trusted with.
But here is the secret of the moment.
Homes that are selling are selling within 30 days of listing, or not at all.
Here is the truth, homes are either priced right or they are not. The buyers who are serious are waiting for the next home and are picking through homes as they are listed. It is at this time that buyers have the greatest urgency to act on their home.
Once this initial time has passed, the home is waiting for the next motivated buyer, who is asking, "why is this still on the market"
The National Association of Realtors has done statistics to the relationship of time on market and eventual sales price.
I am positive sure this does come from the NAR directly, but this is the type of results they have found if not.
You will see that if a home is on the market for example 150 days, then the achievable sales price is a full 8.5% lower than list price.
We are finding price reductions sometime do not have the effect of a right priced home. This is a change from the past.
When you next put your home on the market, make sure you price it right and hire a professional who is taking this market seriously.
Real Estate Guy sells homes in Madison Wi. www.RealEstateGuy.Net, search for homes in Madison, Wi
Comments(1)