Educate your Sellers, do not sell them. At least for selling a home in the Annapolis, MD area.
I had two back to back listing appointments with sellers who were in no rush to move. As we were reviewing the local market stats, I asked why they were considering a move and what their timeframe was.
Interesting, both of them had planned on waiting for the spring. I told them both that the market will be completely different at that time and not to put too much heart into the numbers we were currently reviewing.
I needed to let them know that waiting until the Spring may not be the ideal situation for them for several reasons:
1. At the end of this year, banks may be dumping their "toxic loans" that are currently on their books, but not on the market yet.
We then discussed that when supply is higher than demand, the prices go down.
2. Waiting until Spring will put them on the market with the other sellers who believe that selling a home in the Spring brings more lookers.
I explained that we don't want lookers, we just want one buyer. The prospects who are looking in the dead of winter are generally more imminent buyers than the lookers during nicer weather.
3. Our local economy is showing signs of stabilization, but I believe (full disclaimer here) that the market is not ready to recover right now and we have additional declines to work through. If this is the case, we will continue to see prices falter.
We discussed what prices would look like if the market saw declines even as low as 5%.
In some circumstances waiting may be the sage thing to do. If the reasons to wait aren't sound, we are obligated by doing the right thing for our sellers, to educate on the "cost of waiting".
Best,
Diane
We have all heard of first time home buyer's seminars but we never hear of first time home seller's seminars. How come? They are as new at selling a home as the first time home buyer is to buying a home.
So, we at the Donnelly Group are devising a program for first time home seller's to give you an idea on how to:
We will also have sample CMA's (Comparable Market Analysis) for your review.
Stay tuned for this much needed event. Shoot me an email should you have questions before you see the event posted!
Best,
I have had the opportunity to have dinner with client's a few times this week! Twice I found myself at Boatyard Bar and Grill!
The atmosphere - completely casual. Annapolitan attire in full force - dock-sides, khaki shorts, mariner's belt, etc.
Food - Delicious! Do not leave this restaurant without trying the crab dip. Vastly different than the other restaurants in town. Amazing! I've had their fish, chili, chicken, pizza's.....enjoyed all of it.
Pricing - Fair.... Nothing exciting.
It is just such a great hang out. Inside the bar are some TV's sporting the football games, while the regulars are screaming for their team! People are simply happy. It isn't a place to take a loved one for a quiet, romantic dinner..... it's more of a fun, energetic venue.
The sail boater's came in after a successful boat race on Wednesday on the Magothy River, grabbing a few beers and celebrating life in Annapolis.
400 4th street Annapolis - You'll be happy you went! Enjoy!
(PS.... I was not compensated in any way for this post :) )
Best,
Diane
Interest rates are still hovering in the low 5's or upper 4's even! The supply of homes is healthy. Buyers have their choice of homes and can negotiate a stronger offer because of the buyer's market. Last but not least, the government is giving a first time home buyer up to $8,000 to buy a home!!!!
Here are some important stats that a first time home buyer should know:
1. As of today, there are 1,279 homes for sale under $300,000, in Anne Arundel County.
2. There are 450 townhomes, duplexs, rowhouses, back to back homes and semi detached homes for sale in Anne Arundel County under $300,000.
3. There are 607 single family detached homes for sale in Anne Arundel County under $300,000.
In Annapolis, Maryland:
1. There are 50 single family detached homes for sale in Annapolis, MD under $300,000.
2. There are 66 condominiums for sale in Annapolis, MD under $300,000.
3. There are 81 townhomes, duplexs, rowhouses, back to back homes and semi detached homes for sale in Annapolis, MD.
As of this writing, the average sales price for homes sold in Anne Arundel County from January 1, 2009 through September 30, 2009 is $354,851 with an average days on the market of 102. There have been 3,513 closed sales.
The average sales price for homes sold in Annapolis $448,536 with an average days on the market at 154. There have been 645 sales YTD.
The average sales price for homes sold in Annapolis with a 21409 zip code is $427,492 with average days on the market of 141.
The average sales price for homes sold in Annapolis with a 21401 zip code is $457,000 with an average days on the market of 162. There have been 277 homes sold YTD.
The averages sales price for homes sold in Annapolis with a 21403 zip code is $445,000 with an average days on the market of 154. There have been 218 homes sold YTD.
Time to show off your new home! This townhome has the special touches that even interior designers love! From the soft custom paint choices, to the upgrades throughout, to the private wooded view from your deck or patio, this townhome looks and feels like a model home!
When you visit us on Sunday, you will find the following details of the home:
Two light filled, HUGE bedrooms with spacious closets and closet organizers
A gorgeous designer ceramic package in the hall bathroom with upgraded lighting, upgraded cabinetry and upgraded hardware
A cook's delightful kitchen includes designer cabinetry, upgraded countertops, upgraded hardwood flooring, upgraded lighting, upgraded appliances, upgraded hardware, and a bay window to enjoy the view!
The living room enjoys upgraded flooring, a sliding glass door to the deck, a fireplace with custom built in bookcases and custom mantle and warm custom designer paint.
The community is minutes to the Waugh Chapel Shopping center to enjoy restaurants, ice cream, coffee shops, a gym, Home Goods and more! It is located just off Route 3/97 and easy access to Fort Meade, Route 50, Route 175, Route 32 but tucked away from the hustle and bustle on a quiet cul-de-sac!
Come visit us this Sunday, September 26th from 1-3 for a community Open House where you will find 1146 Cranston Court, Crofton MD 21114, as well as two others! There will be food and a little something as a thank you for visiting!
Should you have any questions, please don't hesitate to call me - Diane Donnelly, Realtor with Keller Williams Crossroads at 410-320-6551 or my office at 410-766-7878. Also, please go to my website at www.DonnellyGroupRealEstate.com and you will find this home on my features listings photo gallery with several pictures so you can get a glimpse of what awaits you on Sunday!
See you soon!
Diane
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