In this market if you price home aggressively usually less than a week. If you price it right on the money, usually 30 days is what I would expect before we receive an acceptable offer.
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Listen, al that stats stuff, average time listed is OUT THE DOOR!
IT'S GAME ON!
Prices are jumping back up and if you're listing a home, list for TOP DOLLAR!\
If you're buying, you had better jump on something NOW!
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Several factors contribute to length the time it takes to sell a property.
#1 - Is is priced to match competing properties? What other homes will the buyer see and compare to yours while 'shopping'? If yours is priced too high for the same type property your selling time will take longer or price reduction may be in order.
#2. Condition - the 2nd most important factor. Buyers either want to walk in and find everything move in ready or are looking for a fixer upper. If you fall in the middle of one or the other, your time to sell will be lengthened. Even something as relatively inexpensive to change such as dated wall paper or paint colors can turn off a buyer. Buyers will choose neutrals and clean over unique and messy.
#3. Location - this is something you can't change, however for time to sell, some areas are 'hot' others areas are slow movers. Generally, price reflects location factors. If you happen to have something like an active railroad track or unattractive view, for the train or other timed events, post a schedule of when the whistle or rumble will happen. Buyers may realize 3pm every other day is not a big deal for a train to go by. If a nasty view, if possible, inside use attractive window coverings, place art work and accent pieces to draw the eye away from the windows that have the unattractive view. Outside, if it's possible to screen the view with vine covered lattice or tall hedges make use of landscaping to lessen the impact of the vew.
#4. Flexibility - if you have a set price in mind and won't budge you are likely to wait a long time, unless you've priced under market. Allow a little wiggle room to your price as both buyers and sellers want to feel they've won. Buyers may see things you don't and have good reason to offer less. A good agent will discover their reasoning and enable you to see their logic. You may disagree but each buyer has their own vision of what they can afford for specific amenities. Understanding where this lower offer is coming from gives you the ability to not take it personally and come up with a compromise or two. A well negotiated sale is satisfying as you have worked through issues and completed your goal to sell your home.
Averages mean nothing if you are in the part of town where home tke a little longer to sell. Pricing and locate dictate about how long it will take. Where is the home you are thinking about selling? In Dr. Phillips it could be sold as fast as a day, in other parts it could take 3 or 4 months.
Vincent Warren Paige, Jr.
REALTORÂ® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
If you price it at the fair market value, it will get multiple offers right away! And, if is a cash buyer you can close in a few days, if is financed it will take between 30-45 days. Please visit my website for more details about selling a property http://www.EastOrlandoRealEstateSearch.com
Anabella Tercero Okrassa
CDPE RESS REOS REALTOR
Z Houre Realty Group