Hey Home Seller, GET SERIOUS!

Oversupply of Homes May Not Be The Real Problem

Familiar with the law of supply and demand? In Beaches real estate right now, it may seem like the supply of homes for sale is much greater than the numbers of buyers demanding those homes, forcing prices down and decreasing activity. But what's really in shortage may be serious, legitimate sellers.

How to Price Your Home to Sell

A committed seller is willing and able to accept the best offer in the current market, and be motivated to do so. Receiving a fair offer is inextricably connected to pricing your home fairly. The best way to arrive at an attractive price is to aggressively challenge the competition. Using past prices, your investment in the home, or even appraisals may not produce the ideal value factor for your home.

Homes Sell for What They Are Worth

If you're serious about selling, let an agent describe to you how an appropriately priced and aggressively marketed home will always generate interest and offers, and will ultimately sell for exactly what it's worth in the current market.

Better to Wait then Waste Your Time Trying to Sell For More Than Market

All other factors being equal, a home that languishes on the market is simply overpriced, and a seller willing to wait for more than fair price would be better served by waiting until the market catches up before entering the fray.

How to See The Change In The Market

You can see the market turning by watching what homes around yours are on the market for and what they are selling for. The change in the number of homes available, the price of the homes and the list to price selling ratio will be very obvious when the change occurs.

Want to Sell Your Home? Price It Right

Remember this Golden Rule: There is a buyer for everything. Any home can be sold in any market when proper pricing is combined with effective marketing.

Think You Are Taking A Loss Selling?

Your IBM stock is $30 lower per share this year as compared to last year. However, it is $70 dollars per share higher today then what you had originally bought it at. Do you loose money if you sell it today? No you make $70 dollars per share. (Numbers used are just an example).

So your home may be worth less than what it was before. Guess what, the home you want to buy cost less also! It’s all relative.

Don’t think of it as a loss when you are selling. Or if you do then consider the great buy you will make when you get your next home.

Good Luck and Good Home Selling Jacksonville!

Carey & Karrie Frankel

Phyllis Frankel Realty Group