Selling your Home

We will provide you with the most current information to assist you in making an educated decision when buying and selling real estate. With that in mind, we will explain some relevant terms and scenarios you can expect as you prepare to sell your home.

Pricing your Home This is the most important decision you will make, as there are many factors to consider; consult with us when you have specific market questions.

Understanding Market Conditions The real estate market is always changing. Varying economic indicators dictate which stage your local market is experiencing. It helps to understand how market conditions can affect your position as a seller.

What is a Balanced Market? The number of homes is equal to the demand or number of buyers. Typically, this type of market shows that demand is equal to supply, homes sell within an acceptable time period and prices are generally stable. What does this mean for me? You may experience a more relaxed atmosphere with buyers having a reasonable number of homes to view and choose from.

What is a Seller’s Market? The number of buyers wanting to purchase homes exceeds the supply of available homes on the market. Typically, this type of market has a smaller inventory of homes and many buyers, homes sell quickly, and prices usually increase; there may even be bidding wars. What does this mean for me? You may experience more negotiating leverage and obtain a higher selling price for your property.

What is a Buyer’s Market? A buyer’s market occurs when the supply of homes on the market exceeds the demand. Typically, there is a high inventory of homes, few buyers compared to availability, homes stay on the market longer and prices tend to drop over time. What does this mean for me? It may take longer to sell your home with less negotiating leverage in terms of selling price.

We will explain what the current market conditions are and how they will affect you during your home sale process.

Pricing Your Property The single most important decision you will make with our advice for determining the right asking price for your property. Once you’ve achieved a realistic sale price, you can count on your property being professionally marketed and promoted to bring more buyers through your door. You can also expect to sell your home for the best possible price in the least amount of time.

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