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Market Conditions in Blairsville : Real Estate Advice

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  • Home Buying6
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Activity 4
Tue Dec 2, 2014
lrgust56 asked:
This question was asked from http://www.trulia.com/property/3172844136-64-Southview-Ln-Blairsville-GA-30512?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F3172844136…
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Mon Dec 10, 2012
Ron Thomas answered:
LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
... more
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Mon Dec 10, 2012
Lester Chesser answered:
Its too late to appeal for 2012 taxes. that must be done by the end of June, in the calendar year. However, I would recommend that you appeal next year, as soon as you get your tax bill. 98 % of homes sold in Union County in 2012 have sold for less than county accessed value! ... more
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Mon May 14, 2012
David Hancock answered:
I think in Blairsville we are at or at least very close to bottom. The inventory is low (around 400 houses on the market). Pricing is very much the key. If a house is priced right it will sell in a reasonable amount of time. ... more
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Market Conditions in Blairsville Zip Codes

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