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So - what time is it anyway?

By
Real Estate Agent with Joy Daniels Real Estate Group, Ltd.

clockSelling your home soon? How long to you think it will it take for your home to sell? What time is it anyway that your home will spend on the real estate market before it sells?  You should begin by asking your Seller Agent the marketing time of comparable homes that have recently sold in your area. Don't just look at the days it took the home to sell: look at prices, home features, condition of the home, and the financing offered.  How does your home compare?CLOCK

The average marketing time for those homes may then be applied to yours. This will be an "average" time for "average" homes at an "average" price. If your home is offered in above average condition at a below average price, it could take less time to sell. Were the homes that were on the market for the least amount of time, above average in their features and below average in pricing? Were the homes that were on the market for the longest amount of time, below average in their features and overpriced?

Next, look at homes currently offered for sale. How long have they been on the market? Is there a house similar to yours that has not been sold in over 300 days? How is it priced, compared to what you will ask for yours? What is its condition? Many homes are sitting in this market. Do you want to "sit" or "sell?"

Finally, compare the "expireds". How were they priced, and what was their condition? Why do you think they didn't sell? Take a close look at your home. Are you pricing it competitively? Are you prepared to offer it in mint condition? You can be the determining factor that decides the selling time for your home. The more value offered by your home, the faster it will .sell.

Once you've estimated the likely sale time, give your agent a reasonable listing period to find a buyer. Remember, it is really you who determines the selling time by the price and condition of your home. 

So - what time is it anyway? CLOCK

Posted by

Joy

Joy Daniels, GRI, ABR, CSP, e-PRO
JOY DANIELS REAL ESTATE GROUP, LTD
2793 Old Post Road, Suite 200
Harrisburg, PA  17110

(717) 695-3177  office - Call TODAY and let me help you find your dream home!

www.joydaniels.com

Joy@JoyDaniels.com - Email TODAY and let me help you find your dream home!

What is your home worth?  Find out at MLS Market Snapshot

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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Joy, Sellers looking to sell their homes in your area  should call you. Have a great 2013.

Dec 31, 2012 10:48 PM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

Thank you Gita - I am looking forward to getting to know you better in 2013! 

Dec 31, 2012 10:50 PM
Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

Joy: Excellent analysis of the process of listing your home for sale! In fact, if you DON'T take this approach you mention, and if you DONT carefully analyze the other sold homes around you, you can be sure to have a good long time to think about it before it sells!

Dec 31, 2012 10:52 PM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

you are right Paula - the timing has so much to do with what a seller is willing to do FIRST!! 

Dec 31, 2012 11:04 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Joy - and with an above agent like Joy Daniels homeowners in and around Harrisburg can expect superlative results -- homeowners thinking of selling and prospective buyers alike should definitely contact you - you bring the local knowledge and experience will bring them the results that matter.   

Jan 01, 2013 12:40 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Joy, excellent tips keeping sellers educated. Thanks for your email. The property you have interest in Casey Key is the best price among all. It is about 13 minutes away from my home. Looking forward to see you soon. 

Jan 01, 2013 09:44 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

We definitely strive to provide high quality service and vast knowledge (team of over 30 people) to the Central Pennsylvania region!  Thanks Michael

 

Definitely Kwee - we are very excited to meet you next week.  I'll be in touch soon. 

Jan 01, 2013 10:45 PM