Probably the most significant challenge in
selling a home in todayâ€™s market is setting the price. With home values lower
today than they were three years ago, homeowners selling in this market must
focus on â€œright-pricingâ€ their home if they hope to sell within a 3-6 month
Right-pricing a home is serious business,
and can mean the difference between selling and languishing. Savvy buyers are
doing their home work, most often on the internet, before they visit the area. The
problem with internet sites, is that one only knows the absolute amount of the
sale, often the condition of the home Â is
not readily apparent.Â Buyers may not be
familiar with the specific home or marketplace but they feel they are in the
driver's seat and often make demands that may sour a deal.
For the listing agent, whose role it is to get the best price for the seller, matching a seller's needs with market reality is a challenge and unfortunately not always possible.
We have a particular challenge here on the North Fork because we have an eclectic array of properties on the market it is often difficult to find a sufficient number of comparative home sales upon which to base a good opening price.Â To successfully sell a home in any market, a partnership needs to be forged between the seller and the realtor based on trust and confidence.Â They have to work as a team, crafting a marketing plan, executing the plan and modifying the price and conditions as results are evaluated over time.Â
Whether you are a seller or a buyer, at Beninati Associates, our professional staff knows the local marketplace and has the experience and skill to help you navigate through the changing tide.Â Give us a call at 631 765 5333, check our website at www.BeninatiAssociates.com, email Â me at Broker@Beninatiassociates.com or visit our office at the corner of Hortonâ€™s Lane and Main Road in Southold, weâ€™re open 7 days a week from 9 AM to 5 PM.