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?
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:
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!!