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Sasha Miletic - Windsor Real Estate

Set the Price

Your home's value is ultimately what a buyer is willing to pay at any given time. It’s dramatically affected by the

strength of the market: supply verses demand. If you want to sell quickly, or you are in a buyer's market, you

may decide to set your price lower than market value. On the other hand, if you're in a seller's market where

multiple offers are common, you may want to set your price higher than market value... (continued)

Prepare to Sell

It is now time to look through the eyes of the buyer, transferring your home of memories into a dream house

for someone else. Decide whether you want to hire an agent to handle the sale, then do whatever necessary

to get your home in it’s best possible condition.

Take the initiative and get a pre-sale inspection, to prevent costly surprises from the buyer's inspector.

Inspections usually cost between $300 to $400. If major damages are discovered, your decision to sell or at

least the price at which you sell may be altered.

Most states now require sellers and their agents to disclose issues that may affect a buyer's decision to

purchase your home. This is a touchy topic, so speak with your agent to make sure you understand what you

need to disclose, what repairs need to be made, or what problems can be back-ended by adjusting your

asking price.

This is not the time to undertake major improvements. It is generally wiser to make only necessary repairs and

cosmetic improvements that will enhance your home's salability.

Your taste may appeal to you, but may turn off the buyer. Decorate the home with neutral tones that will add

charm. Consider replacing out-of-date carpeting, painting odd-colored rooms, and polishing your home's

appearance. You may also want to kennel your pet during this time, and hire extra cleaning help while your

house is on the market, especially if an odor exits throughout the home... (continued)

STEPS TO EXPECT WHEN SELLING YOUR HOME

Selling your home is not on anyone’s top 10 list of fun things to do.

It’s time to sell, so here is a simple game plan of what you can expect during the process. First time sellers,

listen up, because now it’s your time to find the buyer!

First and foremost, figure out if you want to sell your home on your own or with an agent. The vast majority of

people choose to sell their home with an agent, which is statistically wiser. Fewer financial results and smaller

sales are produced from homeowners selling their own homes. How can this be? The simple fact is that the

sale of your home depends upon what a buyer is willing to pay. If you cannot attract the right buyer, or

negotiate the proper deal, then you’re stuck behind the eight ball. And remember - marketing your own home

can be very costly.

With an experienced agent, covering the marketing cost and applying proven plans to sell your home becomes

less stressful. They are experienced with the process, which means fewer mistakes, if any at all. Is the 2.5-3%

savings worth it? We suggest searching and weighing the pros and cons before making this decision,

thinking you will save.

During the decision process, you want to make sure the reasons for selling your home are beneficial. Many

people move to save money, finding out that close to 15% of their home sale goes to moving costs, closing

costs and the agent (or marketing for FSBO). Speaking to an accountant is also beneficial to protect yourself

against any tax consequences.


Once you’ve made the decision, you will then Prepare to Sell, Set a Price, Accept an Offer, Close the Sale,

and then Prepare to Move….(to be continued)

Market Activity and Statistical Report For Windsor and Essex County for January 2008

Here is a summary of the Real Estate Statistics provided by the Windsor and Essex County Real Estate Board for the Month of January 2008.

Sales month-over-month in January dropped by 3% over January of 2007. Listings taken in the month of January also declined by 9%.

On a positive note, the average sales price was higher from a year ago to $162,855.00 from $160,471.00.

Overall Market January 2008 in

Windsor and Essex County

2008

2007

2006

%INC/DEC

[ 2007 - 2008 ]

Total # of Listings [Month]

1328

1462

1337

-9%

Total # of Listings YTD

1328

1462

1337

-9%

Total # of Expired Listings [Month]

493

477

506

3%

Total # of Expired Listings YTD

493

477

506

3%

Total # of Sales [Month]

329

340

290

-3%

Total # of Sales YTD

329

340

290

-3%

Avg. Sales Price YTD 2008

$162,855

Avg. Sales Price YTD 2007

$160,471

If you have any Questions or Comments, or would like a FREE Over-The-Net Home Evaluation, Visit... http://www.SashaMileticBlog.com/

Market Activity and Statistical Report For Windsor and Essex County for December 2007

Here is a summary of the Real Estate Statistics provided by the Windsor and Essex County Real Estate Board for the Month of December 2007.

Sales month-over-month in December dropped by 14% over December of 2006. Listings taken in the month of December also declined by 13%.

On a positive note, year end sales unchanged over last year as were listings. And the average sales price was relatively the sale as well at around $166,000.00

Overall Market December 2007 in

Windsor and Essex County

2007

2006

2005

%INC/DEC

[ 2006 - 2007 ]

Total # of Listings [Month]

607

697

559

-13%

Total # of Listings YTD

14970

15041

14392

0%

Total # of Expired Listings [Month]

1193

1301

1206

-8%

Total # of Expired Listings YTD

7614

8371

6988

-9%

Total # of Sales [Month]

220

257

264

-14%

Total # of Sales YTD

5393

5396

6017

0%

Avg. Sales Price YTD 2007

$166,196

Avg. Sales Price YTD 2006

$166,745

If you have any Questions or Comments, or would like a FREE Over-The-Net Home Evaluation, Visit... http://www.SashaMileticBlog.com/