The spring season. The promise of new things. What will happen in spring is 500 additional homes will be placed on the market at the same time with the peak being the last week of May. These will be new listings. Fresh listings. They will generate new excitement. The may create the opposite effect on your home than you expect. ---------------At the time you and your REALTOR were sitting at the dining room table discussing selling strategies, you were presented with several option and the logic behind them. Your response to these suggestions revealed if you are or are not agile in the process of selling your home. During that discussion, it was shared with you that many buyers LOOK for an indication of willingness from the home seller. If this is not communicated during their visit or in the material made available, the buyer is left to simply monitor your home. They often lurk, waiting for a 'willingness to sell' that is reflected in a price adjustment. These buyers put your home on a electronic watch. It is a GOOD strategy to schedule periodic price adjustments to trigger the notification systems to these buyers.--------------I do not know the strategy you and your REALTOR agreed upon, but strategic price adjustments can and should be an integral component.... more
If you do not sell by the end of April then I would anticipate prices dropping. The Obama tax credit has created an inflated market, and my gut tells me that the prices will drop across the board. The other item is that the HAFA law is going to allow short sales to close which is going to add more distressed closed properties to the inventory of comparable that appraisers will be looking at.
I am advising all my clients to be aggressive because the average absorption rate in our market is 9 months and the only way to accelerate time is with price. Best... more