This week in residential real estate in Georgetown, TX
September 21, 2008 at 7:54 am , by Jenel Looney
| We’re still seeing a significant number of new listings compared to sales; I’d love to see those figures reversed for a while. Of those 27 new listings, six have been on the market more than 200 days, cumulatively. Unless a house has been off the market at least 90 days, the cumulative days on market does not reset itself. This means that buyers (via their agents) can see exactly how long a seller has been trying to sell their house. In today’s market, it’s essential to price your house aggressively. |  |
| A house is worth whatever someone is willing to pay for it. | |
| It’s very easy to say “I understand,” when confronted with that fact, but when it’s your house, emotions come into play. Although it’s one of the most difficult things to do, a seller must try to remove their emotions from the process. If you really need to sell, then you need to take a good, hard look at the numbers. At what price are similar homes selling? At what price are they languishing on the market? You love your home, and you don’t want to give it away, but the truth is that you don’t get to decide what value a buyer will place on your home. You only get to decide what price you’re willing to accept. If those two numbers are vastly different, then maybe now is not the best time for you to sell. If you can afford to wait, wait. | |
| If you can’t afford to wait, then you need to accept the reality that you may not get as much as you’d like for your house. There are a lot of houses on the market right now, so buyers have a lot to choose from. They can look at a hundred houses and decide which one they like best, and which gives them the best value for money. Is your house that house? | |
| A quick sale is still possible, even today. Five of the 17 homes that sold this week were on the market less than a month before they went under contract, and they sold for an average of 99% of the list price. Think about that - The owners of these five homes priced their homes so well that they sold quickly and for almost the full asking price. | |
Category Georgetown Real Estate / Tags: /
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