Tag: listing price
Good chilly morning! We have had all the rain we need, thank you! It finally cleared up here and for the next week we are going to have sunshine, blue skies and temperatures in the mid seventies. Life is pretty darn good here on the Charleston Coast.
Real estate activity lately has been on the rise. We are seeing an increase in the number of properties sold, but a decrease in sales prices. There is plenty of interest in foreclosure and short sale properties, but why go through all the hassle when there are properties on the market priced even lower that are neither? Just smart sellers getting in front of the decline in the market. If you would like a list of some of my best buys just shoot me an email or go to my blog. I’ll be updating that list this afternoon (they are not just my listings.)
There is some good reading in this month’s E-Newsletter. The three main articles of interest include: “Knowledge is Power When Buying a House”, “Five tips to Increase Your Home’s Appeal, and “Four Questions Help Determine Improve or Move”.
And, pay attention to interest rates! Mark and I are re-financing because the rates are incredibly low! Call your lender this week to see if you can take advantage of the rates before they go back up.
As always, I hope you’ll give a call or stop by when you are in the area. Talk with you soon.
Betty Poore – Realtor
Your Connection to the Charleston Coast
When I look at our real estate inventory and the numbers of days most are on the market, the answer may be that it is not! Generally speaking, there are a number of factors to consider when selling your home. One of the most critical is the listing price.
Many people set the list price of their home based on their ‘needs’ rather than what the market is saying about the value. Well meaning, but misinformed parties may offer advice that is based on incorrect assumptions. The home owner may allow their own positive emotions about the home to influence what they think the house is worth. Some home owners think they need to allow a negotiating cushion in their listing price. What is the result of any of these pricing strategies? A listing price that is above the current market value!
Houses that are priced at or below the current market value draw buyers and sell quickly, even in a buyers market. Well priced homes will sell in a shorter time and at a higher sales price.