Keys for Buying and Selling when the Market is slow It's a whole new world for home sellers. So how do you make your house stand out so it will sell when sales are slow?
Flexibility is the key now. You'd like to close in two months but the buyers might be in a hurry and need to close sooner. Find a way to make it happen. You were planning to take the appliances to your new home but the buyers make a bid near asking price, that includes the appliances. Leave the washer and dryer behind (then go find a store that offers no payments on appliance purchases for a year). For those items that have deep sentimental value, make sure they are removed prior to any showings.
Competition between home sellers is high - you don't want to lose the only buyer who has looked at your home in a month because of a favorite mirror.
Valentine's Day (February 14) has been associated with romantic love for centuries, but modern day Valentines are often expressions of non-romantic love. Originally celebrated on All Saint's Day in May, Valentine's Day was moved to February in the 1400s.
February is named after the Latin word februare (to purify), in recognition of the Roman festival for forgiveness of sins on February 15. But not for sins committed on Valentine's Day as the Roman festival was many centuries before Valentine's Day moved to February.
The birth flower for February is the Violet or the Primrose. The modern birthstone is the Amethyst (security, sobriety, spirituality and wisdom) and the traditional birthstone is the Onyx (relaxation and comfort).
This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
 |
|
|
Toledo Ohio Real Estate ~ Homes for sale in Maumee~Holland~Sylvania~Point Place~ ~Waterville~Whitehouse~Swanton~Perrysburg~Oregon~home buyers~home sellers~relocation. Http://homesforsalelucascounty.co
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
