Posts Tagged ‘Inventory’

Image: KCM Blog

Image: KCM Blog

One of the worst mistakes a seller can make is overpricing his home. Time and again, research shows that homes receive the most activity when they are first listed. As a home stays on the market it generally receives less and less activity. Therefore, the smart move is to price your home competitively right out of the gate. Those who believe they can list high and make price reductions later do themselves a serious disservice – as we just mentioned, those with the greatest interest in your home are most likely to look right after it’s listed. By the time you finally make your price reduction, these buyers have moved on and you’ve lost your opportunity for the highest volume traffic.

Likewise, those who put their home on the market at a ridiculously high “make me move” price also put themselves in a very bad position. By having your home sit on the market at a ridiculously high price simply tells everyone you are not really a seller. Should the day come that you actually want to sell your home, you have to deal with your self-created track record to convince people that “this time” you’re actually a serious seller. Again, you’ve already lost the vast majority of your traffic of seriously interested buyers. If you’re not really serious about selling, then don’t list your home for sale. It’s far better to wait until you are a serious seller to put your home on the market.

Click here for an article with some more information on this topic in relation to today’s market. Here’s the most important take-away from the entire article:

“If you are thinking about selling your home, don’t get carried away with current headlines about home price increases that have taken place over the last twelve months. Instead, call a local real estate professional. They will be best prepared to explain where prices are headed over the next six months.”

If you’re a serious seller, the best thing you can do is to meet with a Realtor familiar with your local market conditions and who can help you determine a price which will get your home sold. I’d be happy to assist you. Please call me today so we can discuss the best plan for your current situation.


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Fla.'s Housing Market Continues Positive Trends in Feb. 2013 (via PR Newswire)

Download image ORLANDO, Fla., March 21, 2013 /PRNewswire/ — Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February, according to the latest housing data released by Florida Realtors…

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