Its challenging for sellers as well as in-experienced agents to price homes accurately in a declining and or flattening market...Remember the vasty majority of the agents and sellers are going by most recent sales in the area of their property...great concept providing there is recent activity!
In areas like Harding and Mendham ... there are very few trades taking place..We track the market, sales numbers, price changes, under contract and Unsold very carefully to help our customers make the best decisions possible.. whether your buying and or selling...knowledge is power!
The bottomline, in markets that don't have alot of properties selling.. Your agent need a tremendous amount of experience, higher industry education (more than 60 hour license course) and years of experience to be able to forecast the market accurately....
In markets like Harding... Historical data is the answer... The challenge .. the information is easy to get... yet not easy to interpret..
Checking out this video should help give you a level of comfort and more of a understanding what i'm referring too!
Stan, if your serious about buying a home in the Harding Area, please don't hesitate to call or email me directly with questions and or comments...
Best of Luck!
Sean T. Shallis
Senior Real Estate Strategist
Weichert Realtors and The Shallis Group
15 Prospect St,Madison,NJ,07940 Office: (973)-377-4460