IS IT POSSIBLE TO SELL IN TODAY"S MARKET?

By
Real Estate Agent with Berkshire Hathaway GA Prop

It seems like a daunting task to many home owners toying with the idea of whether to sell their home now or to sit tight until they see improvement in the current real estate market.

As a Realtor® for over 14 years, this indeed is the most challenging time in our industry that I have seen. However, it is safe to say that homes are selling that are NOT foreclosed or distressed properties. But to be amongst the success stories instead of just reading about them, it takes planning, a dose of reality and commitment to the process. 

During the first four months of 2009, 11,144 homes sold in  the greater metro Atlanta area.

  • Of the 11,144 homes sold, 6,060 of them were
    foreclosed/corporate owned properties.  
  • Leaving 5,084 homes selling that were NOT among the
    banked owned properties. How do you become one of them?
  1. Prepare your home inside and out. My recommendation
    to homeowners is to pretend you are buying your house
    all over again. As you walk through the house - and around
    the outside of the house - using the eyes of a Buyer
    (with a paper and pencil in hand), list every item that you
    would notice and want repaired.
  2. FIX the items on your list BEFORE you list.
  3. Associate yourself with a reputable agent who is familiar
    with your market area, who is a FULL TIME Realtor®, 
    and can provide you aggressive (out of the norm) marketing.
  4. Price your home competitively to compete with the foreclosed
    properties. What you may loose on the sale, you should be
    able to recapture when you purchase.
  5. Know the rules of the game: There are plenty of choices
    available to the buyer. They are not "falling in love" with the
    house they decide to make an offer on. Most are looking
    for "the deal." You need to be willing to deal! What you "NEED"
    out of your house doesn't factor into what a buyer is willing
    to pay.
  6. Most buyers are not countering multiple times as in previous
    years. It is not uncommon for you (as the Seller) to get one
    chance to make an offer work.  If you can....make it work!
  7. The good news is buyers are being qualified more stringently
    than in years past. The guidelines have really tightened up!
    And, buyers are now required to invest "some skin in the game."  
    As a seller, you should be able to feel a bit more at ease that
    you are dealing with a qualified buyer.   

In the end, even with the challenges facing us today in the real estate market, the enticing interest rates and the decline of property values it is still a GREAT time to buy and SELL real estate.

 


Come to My House:
My Suwanee Home.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Georgia Gwinnett County Suwanee
Groups:
Twitter
Tags:
buyers
selling your home
distressed properties
atlanta real estate market
foreclosed properties
2009
suwanee ga
home owneres

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
50,991

Janice Slaven

Suwanee Georgia Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information