Real Estate Information |
|
What Should You Do If Your Home Isn't Selling?
It can be very frustrating to put your home on the market, expecting a fast sale, only to find that after six months you're still waiting for an offer. What can you do? First, determine if it's a result of timing. You may have started worrying too soon. If it has been only a month and you haven't gotten a bite, not to worry. The time a home stays on the market is related to the market's strength, which varies regionally. According to The 2003 National Association of REALTORS® Profile of Home Buyers and Sellers, two-thirds of all homes sold in the United States in 2003 sold within two month, with the average sale taking place within five weeks. However, homes in the Northeast and West sold slightly faster (four weeks) than those in the Midwest and South (five weeks). Of course, other factors may be responsible for your home not selling. Inaccurate pricing. A house priced at market value piques the interest of real estate professionals and buyers, while overpricing chases them away. Even if the seller adjusts the price later, it's difficult to recapture people's interest. Because it's only natural to overestimate the value of one's home, homesellers should depend on factual reference points, such as an appraisal and comparables (Comparable Market Analysis or CMA) to help estimate market value. Real estate professionals prepare comparables by examining similar properties that recently sold in a neighborhood. This practice is the best way to arrive at a realistic asking price. Insufficient exposure. If you're selling your home on your own, you may want to consider using a real estate professional. As reported in the previously mentioned NAR study, buyers were most likely to learn about the home they purchased through a real estate professional. Sales professionals develop comprehensive marketing strategies to sell a home. They generally use open houses, yard signs, MLS, newspaper ads, the Internet and brochures to give a property maximum exposure. Limited interest and thinly attended open houses may indicate a need for more exposure. Condition and appearance of a home. Sellers shouldn't rely on buyers to use their imagination; they need to capture it. Remember that buyers may see seven or eight homes in a single day. The most memorable home will be the one that seemed the brightest, the most spacious, the most cheerful. This invariably means rearranging and eliminating furniture, removing excess knickknacks and so on, to create an open, uncluttered look. Outside, do a visual check of the front of the house from across the street. Does it have curb appeal? It should look inviting, with a trimmed lawn and a freshly painted front door. A real estate professional can offer some guidance in this area. Terms/conditions. Even if the home is accurately priced, and the buyer is delighted with what he or she sees, if the buyer can't live with the terms of the sale, he or she may walk away. What sort of terms or conditions have you placed on the sale? Evaluate how this may be affecting a potential sale. Less-than-desirable neighborhood. Normally, there's not much a homeowner can do about the surrounding neighborhood. But if your home is not selling and you've examined every other factor, this may be something to consider.For homeowners who can postpone selling and are aware that certain issues need to be addressed on the neighborhood level, now is the time to join or organize a town beautification group. By the time you're ready to sell, today's eyesores will have been eliminated. Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity
MORE RESOURCES: How real estate commission changes could affect buyers and sellers The Washington Post Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Yahoo Finance Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network The Top 3 Real Estate Stocks to Buy in April 2024 InvestorPlace Philly Real Estate: Baker Townhouse vs. Trumbauer Estate Philadelphia magazine The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense NJ real estate: Weehawken home by Hamilton-Burr duel site listed NorthJersey.com Danielle Lombardo Appointed as Chair of Real Estate, Hospitality, and Leisure Division at WTW - Risk & Insurance Workers Comp Forum Welcome to Real Estate Friday! theberkshireedge.com Collins: The changes in the real estate industry you need to know - San José Spotlight San José Spotlight Cohome Launches Innovative Fractional Ownership Marketplace to Transform Real Estate Investment for Retail ... Markets Insider Just $5.4B in U.S. Office Real Estate Sales in Q1: Report Commercial Observer Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal Margot Spera Joins Alliant Specialty as Senior Vice President in Real Estate & Hospitality Division - Risk & Insurance Workers Comp Forum Top 23 real estate apps for agents in 2024 HousingWire The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal RDA Block, or most of it, for sale in the ID Seattle Daily Journal of Commerce Fresno real estate spat's solution was in the works. Then one party's demise The Business Journal The East End Real Estate Market Report: 1Q 2024 Corcoran Inhabit Vainshtein joins Metrowest Commercial Real Estate : NEREJ New England Real Estate Journal Online A Recent Settlement Could Change the Way Real Estate Agents Are Paid Milwaukee Magazine The Superior Nature of Industrial Real Estate on 495 - by David Skinner New England Real Estate Journal Online Real Estate Broker Sentenced for Embezzlement, Faces $2 Million in Fines and Restitution Santa Barbara Edhat Real Estate Forecast Next 5 Years: Steady Growth or Price Correction? Norada Real Estate Investments Inked: Recent LI real estate deals Long Island Business News Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase New England Real Estate Journal Online Homes for Sale in Manhattan and Queens The New York Times Law Firm Real Estate Report Law360 Yo La Tengo, Real Estate and more to perform at Woodsist Festival in Accord in September The Daily Freeman Real Estate Roundup: 'The Cove' in Hume sells for nearly $19M and more Fauquier County transactions Fauquier Now Ask The Expert: Vienna shares updates on real estate relationships, fees Niagara Frontier Publications JWB Real Estate Companies Announced 2024 Home Giveaway FirstCoastNews.com WTLV-WJXX Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com Real Estate Report: Mortgage rates see new high above 7% Hawaii News Now New national real estate scholarship goes to local youth ECB Publishing REAL ESTATE | The Lofts at Cedar Lake include access to a 245-acre wooded campus washingtoncountyinsider.com 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire New Mexico SIC commits $550m to real estate funds IPE Real Assets Riverton State Office Task Force to receive updates on site selection, real estate purchase during Friday meeting County 10 News REAL ESTATE | Open House event April 25, 2024, at Love Hope Faith Home in West Bend, Wi | By Charmaine Brea washingtoncountyinsider.com real estate market and insurance Sacramento Appraisal Blog Austin real estate: Fund launched to help affordable housing projects The Business Journals Prominent Properties Sotheby's International Chatham Borough and Chatham Township Real Estate Report TAPinto.net Jacksonville Police & Fire sets private credit, non-core real estate pacing plans Pensions & Investments Florida & Texas Housing Market Slowdown: Prices Stall as Inventory Piles Up Norada Real Estate Investments GTIS Partners starts work on warehouse near DFW Airport - Dallas Business Journal The Business Journals |
RELATED ARTICLES
Thinking About Selling Your Home? Owning a home is the original American dream. It's the old frontier spirit, wanting to claim your own tuft of the New World. How to Achieve Financial Freedom with Your Home The secret disclosed on how you too could achieve financial freedom through property (and tell the pension companies just where to stick their measly, worthless 'pensions') Geoff Morris is a self-made property millionaire who made it in less than 18 months even with a hectic 'day job'. He has written a series of articles to help people like you achieve the same levels of success - as long as you are willing to 'Go For It!'Many people these days are getting more and more concerned as they approach retirement age. How To Buy Property in Spain Safely Buying property abroad is not an undertaking one should embark upon lightly! It is not wise to assume that the entire purchase process will follow the rules we're used to 'back home' and generally speaking there are usually a whole new set of rules and regulations, traditions and traps to learn, understand and watch out for.Spain is absolutely no exception and has a tangled web of laws and legislation seemingly designed to trip up an unwary real estate buyer. Strata Title Hotel Investments Want to know why Strata Title Hotel Investments can be a "Hell Hole" for the unwary?Hello, Colm here .. Planning for Real Estate with Estate Planning One of the most important considerations you will need to make in regards to your real estate holdings and your estate includes tax planning. If not handled properly, your estate could end up getting hit with significant losses due to taxes after your demise. Why You Should Rent To Live And Buy To Invest Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability. What to Look for in a Home Searching for just the right home can be very exciting. You may plan ahead for the number of bedrooms and bathrooms that you want. Using Color Psychology to Sell Your Home When painting your home for resale, choosing the right colors can make a huge difference in your paycheck at closing. For instance, did you know that the exterior color of houses selling most quickly is a certain shade of yellow, but that choosing the wrong shade of yellow can kill a sale?You'll find many brochures in paint stores, showing various combinations of exterior paint colors. Dealing With Dual Real Estate Agents Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. Buying Houses: Types of Bargains to Find To make a good profit in real estate, you must buy right. Check out all property types available to find the best transaction for your specific situation. How Long Your Mortgage Runs Determines How Much You Pay The first thing most of us think about when the time comes to take out a mortgage on a new home is the interest rate.That's both perfectly natural and very sensible. Selling a House is Easy The thought of selling a house strikes fear into most people. The contracts, the legalese, the exorbitant costs - they all conspire to make the experience unpleasant at best, and a nightmare at worst. Where To Start In Looking For A Central Illinois Realtor Central Illinois is an excellent location for families andbusinesses. Property values and local economies are growingconstantly and the wide range of available properties isimpressive. Saving for a Home So you want to buy a home? This is a big step for anyone, and there are many factors to consider, not the least of these is how to get the money for a home. Sure there are loans available for home purchase, but you must have cash on hand to cover expenses such as fees and closing costs that might not be able to be covered by a loan. Probate & Obituary Marketing I start my marketing with obituaries followed with probate filings and find it just another effective way to acquire property.Short of courthouse research you can go to your local library and go to the reference department and research using what is called a Polk City directory that will list if the deceased party owns real estate. Why Are Mortgage Notes Discounted Anyway? When real estate note brokers purchase partially paid notes, they pay the note holder a discounted price after factoring in the time value of money, the payer history, and property condition.If there is still a significant period of time left for the payer to make payments, the future payments are not worth the same amount in current dollars. Selling Your Home: The Power of a Great Sales Flyer Even though its importance is often overlooked, a great sales flyer is one of the most effective tools for selling your house. Whether your home is listed with an agent or not, make sure that you have a dazzling flyer. Join the Bulgarian Property Boom With Confidence An Irish property investor in Sydney, Australia has created an investment kit that provides potential buyers with all of the relevant facts, figures and information to confidently buy Bulgarian property, which grew an average of 30% in 2004. "Bulgarian Property - The Overseas Buyers' Kit" contains a complete guide to the tax and ownership laws, calculators and various information-gathering templates. How To Give Yourself A $20,000/Year Raise Without Asking Your Boss Why without asking your boss? Two reasons, one, he or she will most likely say no; and second, he or she will probably have you committed for asking. So what do you do. How to Price Your Property? A house properly priced is half sold. But there are plenty of ways to price it improperly. |
home | site map |
© 2006 TIGER MEDIA |