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TIPS TO SELL YOUR SOUTHAMPTON VILLAGE HOME:
TIPS TO SELL YOUR SOUTHAMPTON VILLAGE HOME:
A BRIEF MARKET SUMMARY: 
In this customarily active real estate market here in Southampton Village, New York, we have seen a market shift from inactive in late 2008 into 2010, to very active in June-2011 up until now.
Brand new construction sells at within 5%-10% of its asking price. Demand for new construction is up significantly from last year at this same time. In a review of the current Existing home inventory, we see a much different sort of activity. Houses that are not brand new sit for least 6 months and maybe even more if the house is in dis-repair. When they trade, it is between 15% to 20% off the asking price. I thought it could be very enlightening to see how Renovated homes sell too. I had to do the grunt research to find out which houses had been renovated and I did that by studying each sold listing. I checked on when they were renovated as well. I found that the newly renovated homes tend to sell at very close to asking, very much like new construction with a 10% difference between asking and the sold price.  Since today's buyer is out there looking for "new", many smart homeowners have caught ... more

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