BEST ANSWER
Jennifer
Thank you for your question. It looks like you are thinking of selling your home, and I specialize in doing just that, so I hope this post will be helpful.
Contrary to many people's thinking, the average days on market does not really matter in the sale of a home. This may sound like a strange statement, so allow me to explain. The National Association of Realtors performs annual surveys of buyers and sellers, as does the California Association of Realtors.
We have learned a great deal about home buyers:
-on average they look at 10 - 12 homes before they make an offer
-the first time they see the home they buy, they see it with an agent 90% of the time.
I research my MLS monthly for statistics that reveal how the market is doing. You may be surprised to learn that in any market, about 20% of the listings sell within the first 30 days on the market. The reasons that statistic is important is that those homes sell closest to asking price. This past quarter they sold at 99.7% of asking price. Homes that sold at 120 days (average market time in many markets) average 92.7% of asking price - that is 7% LESS and that is AFTER price reductions.
We also know that most of the showing activity we see from a new listing occurs in the first two weeks. So when I take a listing, I explain that we expect to see 10-12 showings in the first two weeks or we make a price adjustment. We know that to get you the best price we need to sell in 30 days.
So I would be happy to offer you a top Realtor in your area that you can interview. You need a Realtor that understands that in order to help you achieve your goals, they need to have an action plan that will sell your home in the shortest possible time for the best price and terms. No obligation or cost to you.
Let me know if I can help.
Good luck!
Sun Oct 12 2008, 08:51