The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. For example, if 100 homes are sold every month and there are 1200 homes for sale, it will take 12 months to sell all of the homes currently for sale. If there are 2400 homes for sale, the absorption rate will … (1 comments)
selling: How to price your home "right!"
- 07/14/11 03:44 AM
What does pricing your house right really mean? I often tell my sellers that if we price your home "right" it will sell quickly but when I explain the "right," it always seems to be "wrong" in their eyes. Well the truth is the right price is the price it sells at, not what your neighbors sold for (though a good comp), and it is not what others are listed for; it is below that. David Knox (a very successful Realtor turned speaker and educator from St, Paul, MN) has a great phrase for this situation... "Do you want to stay? … (4 comments)
selling: Pricing Your Property "Right"
- 07/04/11 12:13 PM
What does pricing your house right really mean? I often tell my sellers that if we price your home "right" it will sell quickly but when I explain the "right," it always seems to be "wrong" in their eyes. Well the truth is the right price is the price it sells at, not what your neighbors sold for (though a good comp), and it is not what others are listed for; it is below that. David Knox (a very successful Realtor turned speaker and educator from St, Paul, MN) has a great phrase for this situation... "Do you want to stay? … (0 comments)
Where has the time gone? It is already October 1st and I just realized I never posted the Absorption Rates from August! Here they are, so we can move on to September's!
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