Ann Mc Guire
B. Sci. Marketing
I will not speak with you about other markets or generalities but, i will say that, in Newtown, you need to approach your home sale as a sprint. In my most recent newsletter I wrote an article entitles "Sell Your Home Quickly, (or not at all)" because this is what the current market is looking like in this area.
Prepare your home to sell.
Price your home to sell.
Market your home agressively and get it sold.
Homes that sit are being written off by the market. Homes that are prepared and priced well are selling.
If I can help, give me a ring.
Coldwell Banker Hearthside, Realtors
In the current market it's all about pricing....keeping in mind that today's buyers are looking for deals.
The key to selling is paying attention to what the market is telling us about the price of homes that are selling. Get the sold comps for your area and price it right. Not at the top, or middle, the bottom, it should sell. If you don't price it right, you'll end up chasing the market and losing money along the way....unless we are at the bottom.
Your agent should be able to tell you exact statistics regarding the "absorption" rate for your particular neighborhood. We are blessed to be able to glean this information (if you know where to look) from several different sources.
I suggest you ask your agent directly - you'd be surprised at all the statistics at your fingertips. You just have to know what to ask for:
Days on Market, Current Inventory & turnover in your price range, total number of homes currently for sale in your price range, etc.
I do hope you have an agent representing you. These numbers are not random. They can answer so many questions and in this market - knowledge is power!