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And just like that, condition and staging matter again

By
Real Estate Agent with Fathom Realty 8431215

The equation is simple:  Higher rates means less buyers.  Less buyers means longer days on market,  and in some markets, more expired / unsold listings.   So while homes in Burlington and Mercer County New Jersey are typically not having trouble selling, the ones in best condition (meaning cleaned, repaired, decluttered and STAGED) as always, are selling first, fastest and for the most money (and with less home inspection issues).

Be prepared!

Posted by

Michael Elliott

NO ONE DOES MORE TO GET YOU MORE

michaelelliott.fathomrealty.com

Burlington, New Jersey Real Estate 

Broker / Salesperson

Fathom Realty

elliottrealtor@gmail.com

cell (609) 864-8164   office (888) 455-6040

Comments(6)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Michael - such a simple message and so true.  It seems math really does make sense.  It's in the combination of factors where we can find meaning and success.  In real estate and in everyday life.  

Feb 24, 2024 07:21 AM
Roy Kelley
Retired - Gaithersburg, MD

This is important advice to share.

Many home owners would like purchase larger homes but are staying in place because of their attractive mortgage interest rates.

Feb 24, 2024 07:44 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I can’t wait for the Market you’re explaining ! We still have horrific Scarcity in most of our Price Points !

Feb 24, 2024 09:03 AM
Michael Elliott

we have scarcity too... but DOM is creeping up, and overpriced listings are beginning to expire. 

Feb 24, 2024 09:49 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes, well presented, well prepared homes, including staging, sell for the most money and in the shortest time. But let's not forget one other, more important, ingredient. Price! A well priced home will sell quickly whether it is newish and gorgeous or an older, fixer...price must reflect value, the market and the comps.

Feb 24, 2024 12:04 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, with these rates, it does mean a challenging market!

Feb 24, 2024 06:13 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Feb 25, 2024 05:02 AM