List Price vs Sold Price In The 4th Quarter Of 2011

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Real Estate Agent with Cell: 703-677-1120

List Price vs Sold Price In The 4th Quarter Of 2011sold prices for homes in Woodbridge Virginia, Woodbridge Virginia home values

What Are Buyers REALLY Paying For Homes?

What Are Sellers REALLY Accepting For Their Homes?

First, let's get one observation on the table: It's a sellers market.  

There is not enough inventory to meet the demand for good homes, and demand is strong.

When my customers find a house on which they want to make a bid, many begin listening to tapes in their heads, placed there by family and friends.  

Tapes from Dad that say, "Start your offer by cutting the price by 30%, whack off down to the next nearest $10,000, back off $5,000 for wiggle room, and if the seller DARES to make a counter-offer, tell them you'll cut your offer by $1,000 per hour until they give in."

Sorry Dad, the market is not that soft.  It's much more firm than your strategy implies.

According to a comprehensive market analysis of homes sold so far in the 4th quarter of 2011, the typical difference between list price and SOLD price is 3%.

In some cases, homes have sold for more than the asking price because two or more bidders have come to the table at the same time.

So, if you have hallucinations of getting a house for 20% below the list price, that ship sailed in 2009.

Fear not, my job is to help you get the house you want, at the lowest price, and best terms possible, with the fewest hassles.

You can search homes for FREE on our website.

Posted by

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

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Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Interesting. I think I should consider a move to Virginia

Dec 09, 2011 03:18 AM #1
Rainmaker
564,273
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Erick,

It really is a new market requiring today's information and attitude to buy and sell. It's great to see the healthy declines in inventory. I expect new construction to return to answer the demands being created.

Good speed with your sales,

Steve

Dec 09, 2011 03:19 AM #2
Rainmaker
359,756
Erick Blackwelder
Cell: 703-677-1120 - Woodbridge, VA
Text or call Erick now at 703-677-1120.

New construction is leading the way around here.  My wife is a new homes on-site sales manager for a home builder.  She's selling 3-5 units per month.

 

Dec 09, 2011 05:25 AM #3
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Rainmaker
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Erick Blackwelder

Text or call Erick now at 703-677-1120.
Text or call Erick now at 703-677-1120.
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