What's Needed to Sell Higher Ended Properties ?

By
Real Estate Agent with KW Elite
https://activerain.com/droplet/58m4

      As I look at the Market I live in , West Lampeter Twp.(Lancaster Co., PA) ,

I can see a trend . Properties that are staged to sell and priced below $250,000

are selling in days ! Homes listed  for sale between $250,000 -$375,000 are

going Under Agreement(UA) in 45-70 days . In both of these two Price Points

there is scarcity as Demand is out pacing Supply . But beyond these two

Price Points , it's a different story . Homes priced at $400,000 and above are

not (across the board) experiencing the same pace of success . Many real

estate agents are not aware of this and are using marketing that has

succeeded in the lower Price Points . Unfortunately Days On Market (DOM) are piling up.

 

     So what's needed to sell your above $400,000 property ?  It will take a

proactive Internet based Marketing Campaign ! Today's buyers have

abandoned Old School marketing procedures of news print and Homes

Magazines and instead love Mobile apps ! They are searching on the Big 3

National websites. They are looking for well produced Video tours , not

a bunch of still photos many agents use today .

 

 

     But the first step will be defining who the prototype Buyer is for your

property and where to find them on the Net ! Your real estate agent will

need to develop a Target Marketing Campaign specifically aimed at the

Buyer Pool you've defined. It will take an Agent who has well established

Social Media Accounts loaded with readership and followers to help spread

the word . Your agent will have to also know how to exactly use that Social

Media (ie. boosting) to reach true potential Buyers ! Make sure whoever

you interview is willing to be measurable with a detailed written

Marketing Plan .

    

     Next year (2018) appears to be another great year with attractive interest

rates and buyer Demand . This is the year to move your $400,000+ property

while using a Swing (Bridge) Loan to secure your new homesite . Don't

hesitate to email mikeperrykw@gmail.com for more details

 

                                                                

 

Posted by

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

   facebook  Google me  Find us on Google+

Longtime West Lampeter resident and Lancaster County Realtor!

SUBSCRIBE TO MY BLOG VIA EMAIL

Enter your email address:

Delivered by FeedBurner

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Pennsylvania Lancaster County Lancaster
Groups:
Learn to be a Top Producing Listing Agent
Keller Williams Active Rain Bloggers
Keller Williams
Keller Williams Realty Referral Group
Advice for Sellers
Tags:
downsizing
bridge loans
empty nesters
retirement housing
55 living
higher priced homes
west lampeter real estate news
penn manor real estate news
swing loans

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,035,503
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

In our area the sweet spot is around 3.5M. Anything bet 3.5-5M still have demand one just does not get that many multiple offers. Anything 4M and above the home must be flawless. Large viewing lots, redone inside, tennis court etc.

These high end home prices have not moved much in recent years but still sell within 45 days.

Nov 19, 2017 11:24 AM #1
Rainmaker
1,846,854
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

330 views to date !

Dec 04, 2017 04:16 AM #2
Rainmaker
745,290
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Good point about target-marketing vs blanket approach. Happy holidays!

Dec 20, 2017 11:48 AM #3
Rainmaker
1,846,854
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Now at 498 views

Jan 26, 2018 12:06 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,846,854

Michael J. Perry

Lancaster, PA Relo Specialist
Ask me a question
*
*
*
*
Spam prevention