Home Sellers Ask: Will My Long Island House Sell Fast?
It May And It May Not.
A House Can Sell Quickly. A House Can Take A Long Time To Sell.
As an example, recently we showed one of our buyers a home at 1:00 p.m. and they were going to be the first buyers to see it. Our buyers liked it, but wanted to see a few more units before making their decision. When I called a couple of hours later to make a full price - cash, no contingency offer, the listing agent told me we were too late. The sellers accepted the first offer they received from the 2nd couple who looked at it. Even though I told the buyers this home was priced right, was in great condition and that it would go quickly, they thought they had some time before making their decision...They were wrong!
Here's the reality...the Real Estate market is controlled by the buyers and what they are willing to pay for a home or condo. If a property is priced right, in good condition, in a nice area, it will attract buyers. If there are many showings and lots of potential interest but no solid offers, then the price is too high. Those are the homes that can take a longer time to sell.
Then, there are homes that are unique and may need a particular type of buyer. Log Cabin homes, small 1 bedroom cottages, homes on main roads, homes with lots of land, homes with too little land, homes hanging too close to a bluff...the list goes on. Every buyer has their own style and what they are looking for.
We are working with a single woman who will only look at homes that are 5,000 sq ft or more. We are also working with a family of 4 who are looking for a 2,000 sq ft residence. There are those that are looking for traditional homes and those that want ultra modern. As a seller, don't take it personally if a buyer likes your house or not. Not every style appeals to all.
So, How Is The Long Island Housing Market Doing?
According to The Long Island Multiple Service, The September 2019 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data was $495,000 representing a 7.6% increase over last September.
Bottom Line: We know homes can sell very fast and some will take time. We can't draw a true comparison because there are so many variables in selling a home. The time of the year, the weather can also be a factor. What we do know is this...If you decide to work with Realtors® Lawrence "Larry" and Sheila Agranoff, we will work diligently to get your house sold and negotiate the best price for you.
When you are ready to "Sell", Call Our Cell: 631-805-4400