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Market Conditions in Haddon Township : Real Estate Advice

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  • Home Buying2
  • Home Selling2
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Activity 3
Thu Oct 31, 2013
Larry Sarlo answered:
You should contact an agent directly... Work with that agent... And have them do all that work for you. there is no cost to you and i would be happy to help.


I would have to say that area commands every bit of that price. Depending on work needing to be done of course.

Factor all that in with comparables and present an offer.

but you really should be working with a realtor if you have interest in buying.

Search Short Sales and foreclosure Deals at www.BuyNjShortSales.com

Larry Sarlo
RE/MAX Preferred
609-868-1171
lsarlo@comcast.net
www.larrysarlo.com
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Tue Apr 12, 2011
Tina Martin answered:
Dear Home Seller, I hope to help answer some of your questions. In the past six months the DOM in Haddon Township maxed out at 200 days and is currently running about 118 days. Remember that these numbers are "averages" and the average home price sale in Haddon Township is $238,000. So you need to look at two issues here. First, your home is about twice the average home price in Haddon Township and just by virtue of your list price, your home may take longer to sell. Please note, that the "market" determines the price. By that I mean, your home will sell for an amount a Buyer is willing to pay. The rule of thumb among most realtors is the 4 weeks/8 showings guage is pretty accurate and if either benchmark is not achieved, that indicates that some adjustment should be made to attract Buyers into your home. Has your agent had a "Brokers Luncheon" and Open Houses? Many realtors shun these tried and true methods but in your instance, one has to pull out all the stops. Ask your realtor to take you to tour similar homes to your in Haddon Township as well as surrounding areas so you know your competition.

Nothwithstanding, as a Seller you need to be aware of five on-going events in our industry that will definitely affect your sale. One, interest rates are rising, which deminishes the buying power of potential Buyers. Two, the home you are moving to will never be cheaper. Three, According to Trulia, Buyers are coming out to shop earlier this year . Four, with every day that passes, inventory increases which treatens your ability to make top dollar for your home. Five, the amount of foreclosures in the State of NJ is disarming. These foreclosures along with the normal number of households who have placed their homes on the market, leave each Seller in a less than desireable position.

Talk with your realtor, he/she studies the market for a living and wants to satisfy your requests. A good realtor must be willing not only to share good news but present the difficult realities also. Good luck to you.

Tina Martin, GRI,SFR,e-Certified
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Tue Mar 25, 2008
Tolstoy08540@yahoo.com answered:
Yes. Unfortunately, numerous foreclosures, like, in a neighborhood
where you are trying-to buy a home: DOES impact the value
of your home-- sadly, as-in DEPRECIATION. Sources to read:
RealtyTrac, City-Data, as well as Trulia. Do your CMA before you buy!
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