Dianne, Home Seller in Saratoga Springs, UT

is it a bad time for now to sell our home?how fast will our home will be sold at this time?

Asked by Dianne, Saratoga Springs, UT Wed Jul 2, 2008

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This is an overwhelming question for many sellers in today's current market conditions given the national press on the economy and the real estate market. An important thing to consider is that people will still buy and still sell in any market condition. So there is a buyer out there all the time. The trick is to capture their attention. In fact, given the market currently more buyers are entering the marketing thinking there are going to be great bargains. In our market in Saratoga, although the market has steadied and slowed from 2 years ago, the average sales price has only dropped about 1%. Given that homes have not been increasing in value or sales price, therefore it appears as though it could be a poor time to sell. The fact is that if you price your home right, hire an experienced Realtor and are open minded you will succeed with the sale of your home. If you are buying you may be able to negotiate successfully on the purchase that will off set any lack of appreciation over the past 12 months on your current residence. Presentation, Pricing and a Persistent agent will get you SOLD! Please visit our website should you have any other questions. Best of luck. Cindy
0 votes Thank Flag Link Thu Nov 6, 2008
This is a wonderful time to sell, if you are looking to buy. Your selling price will be approximately 10% lower than it would have been last year, but your purchase will also be priced lower than last years pricing. If your home is priced correctly and is in excellent condition, clean, neat, and shows well inside and outside, your house will get more buyer traffic and possibly more than one offer. Ask for a Comparative Market Analysis from an experienced Realtor and discuss your pricing options with this person.
0 votes Thank Flag Link Mon Jul 21, 2008

It's all about pricing and presentation.

The property needs to be priced right and relative to the current market conditions. Many sellers make the mistake of pricing their home higher then they should and soon regret it. Our recommendation is to price it right initially and increase your chances of selling it sooner.

Secondly, properties that are in tip top condition will be seen in a better light. Make sure your home has good curb appeal as well as a fresh, clean, and organized feel inside.

Good luck,
The "Eckler Team"
Michael Saunders & Company
0 votes Thank Flag Link Mon Jul 21, 2008
While the national media has been highlighting the current weak housing situation, our local market here in Saratoga Springs is still quite healthy. The average selling price of homes is down from a year ago but the average days on market is down slightly (less than 100 days). The hardest hit market are the higher end homes, but if your home would appeal to a first time home buyer ($250,000 or less and in move-in condition) then you are in a very good position to sell your home. Consult a local realtor who is knowledgable with your specific market and they can give you the data/facts. I would ask how would they market the home, what is the absorption rate of homes in your price range and if your home is in the higher end range, how can you position the home to be deemed the best value out there. Good luck!
Web Reference: http://prudentialmanor.com
0 votes Thank Flag Link Wed Jul 2, 2008
The best time to sell your home is when you have a reason to want to move. How fast a home sells depends upon the condition of the home, the asking price, the terms you are willing to give, how well it is advertised, and local market conditions. Local market conditions are very specific. They can vary from block to block within a town/city. The best way for you to determine what your home will sell for and the expected days on market would be to request a consultation from a local realtor. S/he will have all of the data available for your area as well as intimate experience with the particular homes yours would be in competition with, should you decide to sell.
0 votes Thank Flag Link Wed Jul 2, 2008
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