There is no question that it has been a challenging year in real estate, and 2009 will be plagued with many of the same problems i.e. short sales, foreclosures, financing difficulties , and appraisals that fall short of the purchase price, BUT HOMES DID SELL IN 2008 AND THEY WILL SELL IN 2009.
Sellers must make pricing their home CORRECTLY a top priority. In 2008, we saw asking prices vary widely as it was difficult for many sellers to accept the downturn in the market. THE HOMES THAT SOLD WERE THE ONES WITH REALISTIC PRICES. THE FACTS THAT MATTER WHEN PRICING YOUR HOME ARE THE SELLING PRICES OF OTHER HOMES IN YOUR AREA, followed by condition and location.
Below is a chart that shows CLOSED homes in 2007 vs. 2008. Throughout most of 2008, you will see that fewer homes sold than in 2007. This can certainly be attributed to the tightening of the mortage belts, sellers staying put instead of downsizing or upsizing, buyers not buying over fear of losing their jobs, just to name a few.
PRICING IS EVERYTHING. FIND AN AGENT WHO WILL GIVE YOU AN ACCURATE LISTING PRICE EVEN IF IT IS NOT THE PRICE YOU WERE HOPING FOR.
VISIT THE OFFICIAL BROADVIEW HEIGHTS WEBSITE FOR UP TO DATE INFORMATION ON CITY HAPPENINGS. There you will find information on senior citizen activities, sports and recreation and so much more!
If you are a business owner/employer in the city you will want to read more about the new intern program the city has just implemented.Below is a quote from the website about this exciting new program.
"The City of Broadview Heights Economic Development Department and the Northeast Ohio Council on Higher Education (NOCHE) have partnered to assist Broadview Heights businesses in developing internship programs and finding interns. Internships help participating businesses reduce hiring costs while providing a flexible source of personnel and improving employee retention. Internships also are proven tools to keep talent in a region".
If you would like to buy or sell a home in Broadview Heights, or in the surrounding communities, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville, Broadview Heights, North Royalton, Independence, Seven Hills, Parma, Parma Hts., and Garfield Hts
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