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Home Selling in 85331 : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling1
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Activity 4
Thu Jan 1, 2015
Bill Parker, CPA* answered:
Hi Socks:

The long-term answer is "Excellent".

The questions to be asked are: "How long of a time-frame do you have?" and "How willing are you to negotiate on price and terms?"

People are always going to buy quality homes, no matter what you hear. It sounds like a great opportunity for the right Buyer looking to locate in Cave Creek.
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Thu Jan 1, 2015
Meredith Laws answered:
Depends on your objectives. There is no measure for too much of a loss. It's worth exactly what someone will pay you for it. If it has been on the market that long - then it's one of two things: Either the buyers moving through your market didn't find it of value at the asking price; or the buyers didn't know it was for sale.

Ask your Realtor for recent comps in the area - pay close attention to SOLD properties - those are the ones people have actually opened their wallets for. What made them choose others in your price range? Is anything selling in the area in your price range? Price your property so it is the best deal on the market among the competition. Be as honest and as brutal as you can and don't take it personally! The market doesn't care how much you paid for it or what your losses are. Prep yourself for worst possible case - there is a price that you won't go below under any circumstances. If the comps show that that's where you'd have to sell it, then you are probably better off renting for now.

Good luck!
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Wed Oct 7, 2009
Lucinda Tkach answered:
Bryan,

It looks like a great home if I have a buyer looking in that area I will bring them!

Lucinda Tkach
Windermere Central LLC
lucindat@windermere.com
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Mon Oct 15, 2007
David Dion answered:
I just went into the MLS and ran the report for you. Right now, there are 568 single family homes on the market in Cave Creek. For the lowest priced 250 properties, the average days on the market is 146. For the 88 homes priced over $1,000,000, the average days on the market is 214!!!

There are currently 36 homes pending or under contract in all of Cave Creek right now. These homes have been on the market about an average of 200 days.

So far in 2007, there have been 359 homes sold. It appears these were on the market an average of approximately 150 days. This shows that homes that are priced correctly will sell and those overpriced will sit.

Hope this helps. I am working on a Cave Creek website. See link below.
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