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The sad Truth "Most Realtors" will not tell you . Brought to you by your local Re/max Agent Lillian Fierro. 517-944-5060 Look for the truck in your area ! CALL ME ANYTIME 517-944-5060 Located at 131 N.Main St. Brooklyn Pricing your Home and How to interview your Realtor I Want to List it High Because I Know Someone Will Offer Less
When a home seller interviews a real estate agent it's easy for them to get caught up in the excitement of choosing a sales price. If they can get more money for the home, it means more financial opportunities for the homeowner. Maybe it means they can afford to buy a larger, more expensive home, pay off some bills or take a vacation. Unfortunately, uninformed sellers often choose the listing agent who tells them they will list it at the highest list price. This is, by far, the worst mistake a seller can make.
Establishing Value
The reality is that it doesn't matter how much money you think your home is worth. The only person whose opinion really matters is the buyer who is going to make an offer, and of course, the appraiser. Pricing a house is part science and part art. It involves comparing similar houses in similar communities, making the necessary adjustments for the differences between them, charting market movements and measuring the amount of housing inventory, all of this in an attempt to help determine a range of value. This is the same method appraisers use to evaluates a house. No two appraisals are exactly the same; they are however, generally close to one another. There is no hard and fast way to just stick a price on your home.
Is the Price Too Low?
Houses sell at a price a buyer is willing to pay and a seller is willing to take. If a house is priced too low the seller should expect to receive multiple offers and drive up the price up to the market value. There is not much danger in pricing a home under its actual value and your competition. The danger is in pricing it too high and haveing the house sit on the market for months.
How It Starts To Go Wrong
The seller of a home didn't interview her real estate agents. She pick the first agent off the Internet because, "He looked like a nice guy." The agent priced her house at $250k. After 90 days of sitting on the market, the listing expired.
It Continues To Go Wrong
The next agent she hired listed the house at $235k. Months passed and eventually she dropped the price to just under $220k, still no offers. A few people looked at the house, but no serious buyers came forward.
More Than a Year Later
By the time she hired the last agent list her house, the seller had grown exhausted and weary. It was now more than 12 months later. The seller and her agent then priced the home at $195k and it sold very quickly. The sad part is that the comparable sales in the neighborhood fully justified a price of $220k, but the home had been on the market for too long at the wrong price, and now the market had slowed.
Protect Yourself
The question is how much money expired listings cost the real estate owner? The financial losses often exceeds the extra mortgage payments paid and goes beyond the cost or the hassle factor of trying to keep a home spotless during the listing period. It affects the value that a buyer ultimately chooses to pay because it is no longer a "fresh" listing. It's now stale, dated, a home that was overpriced for too long. Don't let it happen to you. Don't be that seller of an expired listing. Be sure to hire a professional Realtor to price your house correctly from the beginning.
Call me direct for results . I Sold 95 % of the homes, I listed last year in the worst economy in recent history. Don't be a consumer that ends up with a company that had to merge ,change names or another Realtor that had to change companies. We are a solid office that had remained number 1# in sales in Jackson County . We have earned that distinction again this year. We advertise on TV radio and are a nationally recognized firm with many local connections as well . Call ,Email Me or visit my website today I am here to assist you with any and all Real Estate needs that you may have !
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The New year is here hooray I am very excited. Now we get to face all the wonderful news reports from the retailers and the markets. All I know is that Fuel cost are back up again with the price per gallon of fuel here going for $2.77 a gallon again those are sure signs they think the economy is heading slightly upward. I also just got my first true cold weather electric bill . Ouch that was not pretty either . I'm ready for spring ! :) Now enough complaining . I am human I do it as well.
The news is reporting the housing sales numbers were down. Anyone who is involved in Real Estate not the average consumer know that all of the first time home-buyers trying to get the tax credit were all led to believe until the very last minute that they had a deadline TO HAVE THOSE TRANSACTIONS CLOSED . That created a mad rush. Homes going under contract and yes multiple offers on a lot of homes in our area. Well guess what the Tax credit was extended not only to First timers but also to existing owners . These folks now have until April 30Th to have there transactions closed. That now gives anyone who is in the thinking stage to get through the holidays and some of the snow before they start pounding the pavement again. I just wish when I purchased my home rates and opportunities were like this . I could have gotten so much more for my money .
For your reading pleasure we have two real estate boards here and these numbers support what my predictions have been since the start of 2009 . I am sticking with the same through 2010. Home-buyers are smarter looking smarter and sticking with more modest wish list ! I say kudos to them. These are the figure for the month of December. Happy New year to all . I look forward to chatting with each and every one of you this year .
December Residential Sales Data
2009 2008Residential Units Currently Available: 1010 1363
Number of Residential Units Sold: 123 108
Dollar Volume of Residential Sales: $10,176,931 $9,654,304
Average Selling Price: $82,739 $89,392
Mediun Selling Price: $66,000 $69,800
Number of housing units sold for:
$99,000 or less 81 77 $100,000-$199,999 31 21 $200,000-$299,999 5 7 $300,000-$399,999 3 3 $400,000 or over 0 0
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For those of you who are here to enjoy our 50 plus lakes for winter sports. A "word of caution ". Please be careful out there. I have spoken to quite a few Lake Residents over the past week. Who have reported some pretty good fishing so far. They state with great big smiles that that bluegill have been the best catch ! :)
Below is the official comment from the DNR Ice conditions around the state are spotty. Some inland lakes have enough ice to support foot traffic only, the Michigan Department of Natural Resources said Wednesday Decemeber30th in its weekly fishing report. Anglers are advised to keep snowmobiles, quads and other large vehicles off the ice. There have been various reports of anglers, snowmobiles and large vehicles going through the ice in some locations. Anglers heading out are reminded to use extreme caution.
The Real Estate Market remains very upbeat in Brooklyn Michigan and surrounding areas. Christmas week slowed down however the buyers are now back out in full force. We were fortunate to have closing's booked up until Christmas Eve. The type of housing remains the same as I have stated the trend would be since the start of 2009. People are seeking the "less is more" mentality now. They are shopping around and trying to get the most for there money. Interest rates are going to stay the same for awhile longer and the stock market is looking better every day. Optimism is a wonderful thing! Happy New Year to ALL!
Visit or email me for any Lake specific questions you may have.
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Well everyone, The end of the year is almost here. This has been an exciting and scary time in Real Estate. Needless to say the wheel had to be reinvented under many faucets of this complicated business structure. I am ready to put 2009 to a rest. The market was not as bad as made out to be . We did well this year and plan to end the year with a bang. Re/max Agents continued to excel and outpace there competitors godspeed.
Our local market picked up like you would not believe. We had many Home shoppers at the end of the season. Appetites for properties and amenities were not as grandeur as they had previously been. Many clients compromised and got back to the basics of location and bigger is not always better.
I send out a big thank you to all of my past and present clients ! I am happy,content and look forward to being the best I can be in the future. Now its time to think about giving and sharing the time of the year that is humbling to us all.
I wish everyone a wonderful heart fulfilling Thanksgiving with your friend's and family. Those who have stood by me this year are extra special and I plan on making them feel that way !
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Holy cow! What a way to race to the finish, folks! When Kid Rock is the grand marshal and gives the ("Gentlemen, start...your...engines" cue at the beginning of the race, you know it's gotta be good! After running away with the lead for most of the 200 laps, Jimmie Johnson appeared to have the checkered flag all but in his little hands when, at one lap to go, he ran out of fuel. Heartbreakingly, Jimmie went from 1st place at the white flag (1 lap to go) to finish 22nd, after coasting into pit road, getting a splash and dash of fuel and crossing the start/finish line on pit row. After Jimmie began his coast out of 1st, Greg Biffle looked like he may be able to sit back and win this one. But then HE ran out of fuel around the final turns 3 and 4. The little jockey, Mark Martin, sprinted to the finish line to win it all, with my boy Jeff Gordon finishing 2nd, which was especially rewarding since Jeff had to start at the back of the field after blowing an engine after qualifying. Jimmie's on my team and I have alot of respect for how awesome his talent is (he has won 3 championships in a row). But, I have to admit, when he lost his fuel gamble, there was a bit of a hootin' going on in my house. Then, when Biffle's gamble ran out, there was a bit more hollerin' going on. And when Mark crossed the finish line under his own power (barely) and my Jeffie boy came in 2nd, there was whole lotta HOOTIN' and a-HOLLERIN' goin' on! Jimmie took the loss as a real champion, too, by saying basically that sometimes you gamble and win and sometimes you gamble and lose. Unfortunately, he was on the losing end this time. And that doesn't happen very often. It was much better than when Biffle all but tried to blame Jimmie for the fact that #16 ran out of gas, too. It was Greg's contention that he would have been able to finish with plenty of gas to spare if Jimmie hasn't have raced him so hard. The flip side to that coin is that Greg coulda just let Jimmie go by and ran behind him for the last few laps of the race. But, I didn't see that happen either.
Since I was traveling back home from an out-of-town family wedding last weekend and my DVR didn't record the Pocono race, this was the first time I got to see the double-file, shoot-out style racing. And, I LOVED IT! That was great. It was like watching the beginning of a race every time there was a caution flag thrown (there were 3, I believe, for this race). I think it's great that the guys up front don't have to contend with lapped traffic on restarts. How do you feel about it?
The next NASCAR Sprint Cup race will be one of my favorites at Sonoma on Sunday, June 21st at 4:30pm EST on TNT. I love the road race format. It makes for some interesting driving. It doesn't hurt that my boy Jeff Gordon is pretty good here.
Top 5 Finish at the Lifelock 400 at Michigan International Speedway:
1. Mark Martin #5
2. Jeff Gordon #24
3. Denny Hamlin #11
4. Carl Edwards #99
5. Greg Biffle #16
Heather Chavez - Second Self Virtual Assistance: When There Isn't Enough of You to Go Around!
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