Overpricing your Jacksonville home could cost you thousands
As a seller wanting to sell your Jacksonville real estate, you want to get the most out of your home. What most sellers do is price high and let the buyer bring them an offer. It sounds good but it will cause you to lose thousands of dollars.
FACT: Buyers are not going to waste time looking at overpriced listings.
Think about it, in today's market buyers have literally hundreds of houses to choose from. They are not going to go and personally look at every single home, it would take too much time. They're going to pick the best ones based on what they're looking for: bedrooms, bathrooms, neighborhoods, etc... Then they're looking for a deal. As a buyer, what would you do?
Let me show you an example: Let's say there are 5 homes in a neighborhood that fits the buyer's needs. One is your home, overpriced, but hoping for a buyer to bring an offer and 4 others which are priced competitively. Which houses are they going to go look at? Assuming they have been looking for a couple of weeks, have seen 20 plus houses and are wanting to get their piece of real estate in Jacksonville. They're going to look at the ones priced competitive and not give yours a second glance.
FACT: Buyers see an overpriced listing and assume the seller will be unrealistic in all their negotiations.
Now you may be saying, I'll gradually lower my price, it won't seem like such a shock. All you're doing is prolonging the inevitable and reducing your net even more. Here's why:
Continued at Jacksonville Real Estate....
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in April 2008 looked like:
| Current # of listings available April 2008 | 7601 |
| Average # of sales per month (homes that went under contract not sold) | 736 |
| Ave days on market (under contract homes, not sold)- | 127.16 |
| Remaining # months inventory | 10.33 |
| Selling price % of list price (original list price) (these were homes that sold and closed in April 2008) | 89.2% |
Continued on Jacksonville Florida Real Estate
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in March 2008 looked like:
| Current # of listings available March 2008 | 7,490 |
| Average # of sales per month (homes that went under contract not sold) | 579 |
| Ave days on market (under contract homes, not sold)- | 132.98 |
| Remaining # months inventory | 12.94 |
| Selling price % of list price (original list price) (these were homes that sold and closed in February 2008) | 88.82% |
Continued at Jacksonville Florida Real Estate
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in February 2008 looked like:
| Current # of listings available February 2008 | 7,509 |
| Average # of sales per month (homes that went under contract not sold) | 551 |
| Ave days on market (under contract homes, not sold)- | 139.01 |
| Remaining # months inventory | 13.63 |
| Selling price % of list price (original list price) (these were homes that sold and closed in February 2008) | 87.7% |
Continued at Jacksonville Florida Real Estate Market Watch
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in January 2008 looked like:
| Current # of listings available January 2008 | 7,279 |
| Average # of sales per month (homes that went under contract not sold) | 485 |
| Ave days on market (under contract homes, not sold)- | 119.25 |
| Remaining # months inventory | 15 |
| Selling price % of list price (original list price) (these were homes that sold and closed in January 2008) | 89.31% |
Continued at Jacksonville Florida Real Estate Market Watch
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
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