The Value Of An Absorption Rate Analysis Of Your Charlotte, NC Home

By
Real Estate Agent with Helen Adams Realty

The Value Of An Absorption Rate Analysis Of Your Charlotte, NC Home

 

 

The Value Of An Absorption Rate Analysis of Your Charlotte, NC Home

 

 

FACT: There are only a certain number of houses that will sell in any market; be it a seller or buyer’s market, in any given period of time.

 

Absorption Rate pricing provides the answer to the question. How long will it take my Charlotte, NC home to sell in my neighborhood?

 

The question that comes to mind is: What is Absorption Rate Pricing? The Value Of Absorption Rate Pricing

Answer: The ability to determine through a comprehensive analysis how many homes are absorbed on a monthly average. In other words, it’s a very simple formula that will provide a prospective seller with a clear picture based on market dynamics the probability of a Charlotte, NC property selling in the next 30 to 45 days.

 

The calculations are based on supply and demand.

A normal market:

  • 6 months of inventory; supply and demand are balanced.

 

More than a 6 months supply of inventory:

  • indicates that it is a buyers market. Too many sellers, too few buyers.

 

Less than a 6 months supply of inventory:

  • Seller’s market, too few sellers, too many buyers.

 

The home with the most value will always sell first.  (The one with the most bang for the buck)

 

Factors that will affect the sale of a home are:

  • Price

  • Features ( including location, neighborhood, amenities and the size)

  • Condition ( how clean and updated is this property?)

  • Incentives ( such as seller paid closing cost)

  • Marketing ( this is a Big factor)

 

I will define the market for you to determine how we can position your home for the fastest sale. During this process, I will visit your competition and provide you with details, or we can tour the properties together so you can see what your Charlotte home is competing with.

 

Once absorption rate is determined, you will have a good statistical estimate of how many months it will take ( factors included) to sell your home in your area at the current rate they are selling.

 

Armed with the absorption rate you can decide how to aggressively position your home.

 

Now you can see the value of an Absorption Rate Analysis

 

Contact me today, for a FREE, no obligation Absorption Rate Analysis  of your home!!




 

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If you have any questions about any of my blog posts, please feel free to contact Evelyn McCorkle at  emccorkle@helenadamsrealty.com. or (704) 957-3558, visit my website at  www.evelynmccorkle.com  Your Charlotte, NC Trusted Real Estate Advisor!

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Topic:
Home Selling
Location:
North Carolina Mecklenburg County Charlotte
Tags:
absorption rate pricing
charlotte
nc
home value
probability of your home selling
free analysis

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Rainer
356,819
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Absorption rate is the fast and easy way to dertermine what a house should sell for in any market. You make very good points in a seller's market or buyer's market based on inventory.

Oct 01, 2013 11:35 AM #1
Rainer
111,584
Evelyn McCorkle
Helen Adams Realty - Charlotte, NC
Search Real Estate Charlotte NC & SC

Jimmy - Absorption rate pricing is what I use when I am helping a seller, I provide them with the information to help them make an informed decison based on the market and what it is saying. Thank you for your comment.

Oct 01, 2013 12:08 PM #2
Rainer
24,493
Anthony Rollins
Keller Williams Realty-Overland Park - Overland Park, KS
The Adam Butler Team

Evelyn,

An absorbtion rate analysis is great information to share with both sellers and buyers.  It can be very effective in getting a seller to price their home accordingly as well as motivating a buyer to make an offer...AND it's different than just explaining # of months of inventory.

Cheers!

Oct 02, 2013 05:55 AM #3
Rainer
111,584
Evelyn McCorkle
Helen Adams Realty - Charlotte, NC
Search Real Estate Charlotte NC & SC

Anthony - I use the absorption rate anslysis to help sellers see what the market is saying. It gives a picture, I love it! Thank you for yourcomment.

Oct 02, 2013 08:35 AM #4
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Rainer
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Evelyn McCorkle

Search Real Estate Charlotte NC & SC
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