How Long Will It Take to Sell My Glenbrooke Condo?

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Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/4rNc

How Long Will It Take to Sell My Glenbrooke Condo?

 

 

One of the usual questions home sellers ask is, “How long will it take to sell my home?”

 

The answer? “It depends.”

Know how long it will take you to sell your Glenbrooke condo, read this!

No one can accurately predict how long will your home stay on the market. There are many factors that determine if your home will easily sell or not. In this article, we’ll discuss the two main factors that affect the saleability of Glenbrooke Condos in Bridgewater NJ - price and market conditions.

 

Price

It is no secret that a smartly priced home can easily attract interested buyers. Obviously, you need to consider your home’s condition and location when setting a reasonable price. If you price your home too high, potential buyers would be discouraged from making an offer, will simply walk away and your home will sit on the market for a long time. On the other hand, if you price it too low, your home might sell easily but you’ll hardly make a profit.

 

Price is perhaps the most important factor in determining how long your home stays on the market. As a seller, you want the highest possible price and the best deal for your home. You might be tempted to factor in what you’ve paid for the home, the balance on your mortgage or the profit you want to make to come up with a “reasonable” target price. If only pricing is that easy. Experts will tell you since price are market based, it is a moving target and, in a rapidly changing market this usually means adjustments.

 

The bottom line? Price your Glenbrooke condo appropriately at the beginning and you’ll likely get it sold right and fast. If you don’t, prepare to adjust your price. For more information on Glenbrooke condos in Bridgewater NJ, visit, www.CNJHomeFinder.com

 

Market conditions

The existing market condition has a huge impact on the sale of your home. First, there’s the supply and demand to consider. When there are more homes for sale than there are potential buyers, home prices go down. This is called a buyer’s market. In this market condition, buyers have more selections and can take as long as they want to make their choice. This makes sellers more anxious to sell their homes so they may have to resort to staging techniques and offering other incentives.

 

A seller’s market is just the opposite. Homes sell more quickly and the demand is larger than the supply. This drives home prices up and competition escalates resulting to bidding wars. Buyers will have to spend more to get the homes they want.

 

In both scenarios, we see the need of enlisting the help of one of the best real estate agents in Bridgewater NJ. Although no one can accurately predict how fast your home will sell, working with the right agent can give you a nudge towards the right direction. He or she will help you control these factors by conducting a thorough pricing analysis, providing customized staging tips and utilizing an excellent marketing system to give your home the right exposure.

 

If you’re thinking of selling your Glenbrooke condo in Bridgewater NJ, call me, Mike Downer at 732-302-1771 or send me an email at mike@mikedowner.com. I’ll be glad to talk with you and assist you in all of your real estate needs.

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Topic:
Real Estate Sales and Marketing
Location:
New Jersey Somerset County Bridgewater
Tags:
bridgewater nj homes sold
condos for sale in bridgewater nj
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Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Pricing, marketing make or break the process to get to a real estate closing.

Dec 01, 2014 10:04 PM #1
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

This is a very enlightening post, Michael. It is important for sellers to understand that the timeframe in closing a property depends on several factors. 

Feb 16, 2015 03:45 PM #2
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