3 Important Considerations for Sellers in todays market
What are the three most important things every seller needs to consider in today’s market?
The Law of Supply and Demand: “When inventory goes up and demand goes down, prices fall. It’s a law…no exceptions. Sellers need to understand that the market is not what it was in 2005. Unfortunately, they will not see those two-year-old values when there is currently over 12 months of housing inventory on the market.”
Market Value: “…is what a buyers is willing to pay you for your home and what you are consequently willing to sell it for. Buyers are comparison shopping. They are looking for the house that offers the most benefits and features for the best price.”
Sellers, who sell, Sell! “Are you really motivated? There are a lot of motivated sellers in our market place; 1) Bank-owned Property (REO), 2) Pre-Foreclosure (short-sales), 3) Builders, 4) Divorces, 5) Bankruptcies, 6) Relocation for jobs, then everybody else.
If you're interested in learning more about the housing market in Atlanta, drop me a line...or reply to this comment.
Kim, Your Realtor for Life
404.437.9882 or kimtullis@kw.com
The Law of Supply and Demand: “When inventory goes up and demand goes down, prices fall. It’s a law…no exceptions. Sellers need to understand that the market is not what it was in 2005. Unfortunately, they will not see those two-year-old values when there is currently over 12 months of housing inventory on the market.”
Market Value: “…is what a buyers is willing to pay you for your home and what you are consequently willing to sell it for. Buyers are comparison shopping. They are looking for the house that offers the most benefits and features for the best price.”
Sellers, who sell, Sell! “Are you really motivated? There are a lot of motivated sellers in our market place; 1) Bank-owned Property (REO), 2) Pre-Foreclosure (short-sales), 3) Builders, 4) Divorces, 5) Bankruptcies, 6) Relocation for jobs, then everybody else.
If you're interested in learning more about the housing market in Atlanta, drop me a line...or reply to this comment.
Kim, Your Realtor for Life
404.437.9882 or kimtullis@kw.com
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