It's A Fast Market

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

This is a fast market, not only for the buyers and sellers but also Realtors®.

Let me tell you about my new listing. We have been preparing for a few weeks to make this property move-in ready.

 

5 Meadow Run Ct 21152

 

The sellers lived in a Loveton Farms Townhouse for the last ten years, and they recently bought their dream home, a fantastic unique perfect property with acreage. Once settled in their new Shangrila, it was time to sell 5 Meadow Run Ct.

They had the decision of selling "As Is" or bringing it up to move-in condition.  My sellers selected the latter option. For the next few weeks, there were the contractors, painting, new carpeting, flooring, mulching, power washing, and replacing all four toilets. (Ok, so maybe that’s TMI.) 

We did one last walk-thru and found a few minor details like missing bulbs and the microwave light needed replacing. Ok, the house is ready.

The professional photography was done and uploaded into the MLS, with the first showing scheduled for 3 PM on Wednesday.

  Six, 'Showing Time,' requests came in overnight.   By morning, emails, texts, and phone calls began, asking for an exception to the showing instructions. Our first showing was scheduled for 3 PM.

I made this three o'clock appointment time into a One Hour Open House, the safest way to get the most potential buyers into the property.

Realtors® knew they would all be honored. When I arrived a little before 3, buyers and agents were waiting.  After the lights were on, all doors and closets open, we started.

One group at a time, with separation, were invited in.

With four levels, including a deck and a walk-out lower, I could distance each group safely. So lucky it was such a lovely, warm, sunny day.

As each group came in, I was able to obtain the name of their agent and their information.  In the next 2 hours, we had a constant line outside, and we accommodated just shy of 2 dozen showings!  Each one was patiently waiting till it was their turn. My phone was constantly ringing from agents with questions about the property and making appointments each day. Several asked about the contract deadline.  

Wonderfully tired; Yes, there were four levels. More trips up and down to make sure each floor was empty before allowing the next buyer into the house.

It was after five when I locked the house and stopped showing for the day. Did I mention that one hour is now a bit longer than it used to be?

 

By the time I was back in front of my computer, the first offer had come, then the second, third, fourth, and even a fifth. As each contract offer arrived, I alerted my sellers with the highlights /terms of each.

In a 'regular' market, each of the contract offers (all were over list price) was acceptable. 

The sellers decided on the lucky buyers by late evening, just twenty-four hours after the listing went live.  

Now that's a fast market!

 

Thinking of selling your home

Call Margaret Rome

Margaret Rome Too Late

 

 

 

Comments (11)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's like what  Ferris Bueller says, "Life moves pretty fast, "I will just have to be there to see it

Apr 09, 2021 10:00 PM
Margaret Rome Baltimore 410-530-2400

Laura, Thanks for always being the first to comment. So good to see you!

Apr 10, 2021 06:59 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Margaret.

Not surprised, in our area homes are moving so fast.  I wonder when the correction will take place, we all know it's coming, that is what we are waiting for

Apr 10, 2021 12:43 AM
Margaret Rome Baltimore 410-530-2400

James, By concentrating on one client at a time, we will stay up with any kind of market.

Apr 10, 2021 06:58 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Margaret - you did it like an orchestra conductor.  You really are earning your commission in this market. 

Apr 10, 2021 03:37 AM
Margaret Rome Baltimore 410-530-2400

Grant, Good analogy of the orchestra conductor. Sometimes it is more like herding cats! Make it a great Sunday 

Apr 10, 2021 06:56 PM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Margaret,

Boy FAST is an understatement.  Have a terrific weekend and thanks for the post.  Bill Salvatore

Apr 10, 2021 04:57 AM
Margaret Rome Baltimore 410-530-2400

Bill,  Fast is good! Why prolong when you've got the right buyer, seller and agents?


Apr 10, 2021 06:55 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. Your impromptu one hour open houses are indeed a "long" hour with outstanding results. Congrats! Enjoy your day.

Apr 10, 2021 05:05 AM
Margaret Rome Baltimore 410-530-2400

Wayne, My one hour open house is longer than it used to be. Have a wonderful Sunday

Apr 10, 2021 06:53 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You always tell such a great story about your listings, no wonder they sell so quickly in any market.

Apr 10, 2021 05:32 AM
Margaret Rome Baltimore 410-530-2400

Brian, You always have such positive comments. Make it a great Sunday!

Apr 10, 2021 06:52 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Margaret - an excellent example of the anatomy of real estate preparation in today's Baltimore area market.  It may seem to "happen" in a twenty four hour period but the work involved is much more.  

Apr 10, 2021 05:51 AM
Margaret Rome Baltimore 410-530-2400

Michael, To make it "happen", there is a lot of work and preparation involved. 

Apr 10, 2021 06:51 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Margaret! You are just getting it done this year. Great job!

Apr 10, 2021 08:35 AM
Margaret Rome Baltimore 410-530-2400

Rocky, Getting it done and enjoying the opportunities.

Apr 10, 2021 06:49 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I agree about the "fast market," Margaret.  For many homes, the sign goes up, and the Pending Sale or Sold rider, quickly follows!

Apr 10, 2021 02:02 PM
Margaret Rome Baltimore 410-530-2400

Myrl, For this one, the sign did not even go up!

Apr 10, 2021 06:47 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A very fast market and that with extra long 1 hour open houses.  Nicely done

Apr 10, 2021 04:47 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thanks, Ed! So good to see you.

Apr 10, 2021 06:47 PM