Friday, September 25, 2009

Pricing It Right the 1st Time!

It's ALL about Pricing & Condition!

 

I now have another wonderful example that proves my point; It's ALL about pricing and condition! Great News! I listed a home in Schumacher Place and it went on the market this past Tuesday. We had our 1st showing that same evening plus received and accepted a full price offer by Wednesday! Sound too good to be true? It is true but here's the rest of the story;

 

This home had been on the market w/two other agents, for over 365 days, with three different MLS numbers, starting at $179,900. So what did I do that the previous agents did not? I priced it correctly right from the beginning and I made the Seller stage the home for sale! When they were first referred to me I met them and we went room by room... get rid of the dressing table in the dining room, paint the orange office, paint the burgundy hallway, organize this, caulk that, clean this... the house was nice but it was not a perfect 10... until I made them do all the things it takes to be "detailed"... just like a car!

 

Then we looked at pricing. They had started at $179,900 and over the course of a year they had dropped the price to $169,900... it was still too high. After careful thought and much research I had to be the reality check... It needed to be priced at $154,800. At first they were quite surprised but they knew they had had some showings but no offers. I had come highly reccomended to them, from folks I had just sold their home in record time at a great price in Clintonville and that gal had been referred to me by another gal... They knew I was right and they needed to move!!

 

We priced it right, it was staged... It SOLD! Just like it's supposed to! If you do what I tell you... IT WILL SELL!! ;-)         

  

Tuesday, September 22, 2009

Real Estate Buzz September 2009

Good Looking Third Quarter Real Estate Stats! October 2009

 

The economic news is finally starting to look better!  We all have our fingers crossed, but it seems the real estate market bottomed the 1st quarter of this year.  Looking at the average sale price per quarter since 2007, you can see how quickly the market dropped and how it may be picking up:

 

Quarter                       1st                   2nd                  3rd                   4th

    2007                  $165,990           177,966           173,246           166,856

    2008                    154,698           170,186           165,378           148,976

    2009                    137,759           159,796           167,140               ??

 

Data from the Central Ohio Multiple Listing System (MLS)

 

The next quarter will be an important piece of the puzzle.  The feds are still keeping interest rates low!  You may get more for your house, and it is still a great time to buy.  If you are thinking about it, now is the time to consider a move.

 

Don't forget the 1st time home buyer tax credit...$8000 cash in their pocket.  Deadline to close is 11/30/09!!  They will thank you for referring them to us. Real Estate Success, Darla;-)