If your home was on the market for awhile and did not sell, try not to get discouraged. There are several things to consider and sometimes it has nothing to do with your home or the market. The first step is to make sure you make a commitment to do whatever it takes to get your home sold. After you've done that, there are four things to consider. Usually a problem with one of these will explain why your home did not sell. They are:
Teamwork
Pricing
Condition of your home
Marketing
Teamwork-Your relationship with your Realtor should be a full partnership where your needs are being heard and communication is a priority. You should receive prompt feedback after showings occur so you have an idea of what the market thinks of your
A week or so ago, I wrote an article entitled "Marco Single Family Home Sales Are Lagging?" So, today, in an attempt to dig a little deeper, I thought we'd take a look at a few more numbers. We're only looking at single family homes in this. Condos and lots are a little stronger and we'll look at those in upcoming articles.
First, the number of Single Family Home sales on Marco Island this month was 25. This is down from 33 just last month and 45 in July of last year. What do we make of this? Well, inventory has been steadily shrinking as the market has bottomed. There are 282 SFH listings on the market right now compared with 397 this time a year ago. Everyone's confidence in a solid bottom has brought many buyers off the sidelines and
"You never get a second chance to make a first impression." This old fact of life has been said millions of times in millions of contexts and there have never been truer words spoken when it comes to selling real estate. In my experience, people decide whether or not they'll buy a home in 10 seconds. They may grind over details for days or weeks but they always end up choosing the home I thought they would buy.
Home buyers all have imagined their next home and have subconsciously developed a picture of it in their mind's eye. They are searching for the home that matches this picture and they can usually decide whether they've found it very quickly. As sellers, we have to play into this buying process. We have to stage our homes in such a way
There are six mistakes that many homesellers make that can prevent them from maximizing their profit and create more stress than is necessary during the homeselling process:
They don't analyze why they're selling
They don't make sure the home is ready for the buyer's eye
They overprice their home
They hang out during showings
They sign a long-term listing agreement without a written performance guarantee
It's difficult for buyers to find information on their home
Using the following system should prevent mistakes like these, maximize your profits and reduce the stress the comes with the home-selling process:
Understand the reasons behind your decision to sell and don't tell anyone what they are. Your answers will
Yes, it's true. Marco Island single-family home sales are lagging a little behind condos and lots as we move through the summer. Nobody is really complaining, though. What has been a busy season for all of us continues. Overall numbers are strong but single-family-homes are not quite keeping up with lots and condos. Of course, only taking June snapshots isn't the best analysis but it is a fast and dirty way to take the market's temperature.
Compared to June, 2011, SFHs sold are down 5%, avererage selling price is up 0.5% but the median price has fallen over 16%. The low median price number is certainly a shocker but I think we'll see prices bouncing in a range for some time.
Marco Island Condos, on the other hand, are having a fantastic
If your home was on the market for awhile and did not sell, try not to get discouraged. There are several things to consider and sometimes it has nothing to do with your home or the market. The first step is to make sure you make a commitment to do whatever it takes to get your home sold. After you've done that, there are four things to consider. Usually a problem with one of these will explain why your home did not sell. They are:
