Selling your home - 4 Pointers#LOCK - SanCapRE.com




Enter your account details for
www.sancapre.com.

-





Selling your home - 4 Pointers#LOCK
Posted September 05, 2015


This year more than ever before I meet clients who have to sell their homes before they can buy another one. Often a buyer believes that a seller will accept a contract and wait to close the deal until the buyer has sold his own home.

If the buyer already has a contract on his current home, the seller may occasionally agree to wait. This happens more often during the off-season. But if the buyer does not have a contract on his current home, or has not even put it on the market for sale, it is most unlikely that a seller will wait for the buyer to sell his current home first. And if you are looking at a new construction purchase you only have a 6 months window before you close on your new home.

Selling a home can be an unpredictable pursuit with a plethora of variables. Here are data driven pointers which may help identify which homes are likely to fly off the market (in 60 days or less):

· Keep calm and price it right. The housing market is improving, but take care not to overheat your listing price. Homes priced more than 12 percent above their current market values are almost half as likely to sell in 60 days as those priced closer to their estimated values. The sweet spot is between market value plus six percent above it — a range where homes sell about as quickly as those priced below their market value.

· Take a picture, but not too many. The optimal number of listing photos is 16 to 21, but it’s better to have too many than too few. Having fewer than nine photos lowers your chances of selling in 60 days by two percentage points. What I often see now is that agents display very small photos online hoping to distract buyers, I guess, and hoping to use only their own buyers.

· Size matters. As a rule, smaller homes (under 1,100 square feet nationally) sell the fastest  about nine percentage points faster than the largest homes in a 60-day window — but that doesn’t hold true for all markets. In San Francisco and Indianapolis, for example, small homes take the longest to sell.

· Get the word out. Page views are a strong indicator of how quickly a home will sell. Listings with 280 or more page views in the first week were three times as likely to sell in 60 days as those with fewer than 100 views. That’s powerful incentive to make sure your agent spreads the word early by posting your listing online.

   

 

Posted By: Sabina
September 05, 2015 11:50 AM




Previous Blog Entries

Sales During the Coronavirus Pandemic January 1 thru July 31, 2020 Compared to 2019, year over year Aug 26, 20
Important Update Regarding Florida Moratorium on Evictions and Foreclosures Aug 13, 20
Lee County Sales 2019/2018 and 2019/2006 Year before recession Jan 18, 20
Everglades Restoration Project is finally in progress. Aug 20, 19
Everglades: The Florida Legislature heard your voice! May 03, 19
4th Straight Month in a Row Shows a Decrease in SF Sales in Jan 2019 Feb 25, 19
New Governor Ron DeSantis signs first executive order to restore Everglades Jan 11, 19
Update Everglades Reservoir changes on Nov 7, 2018 Dec 03, 18
U.S. Senate Authorizes Everglades Reservoir on Oct 10, 2018 Oct 13, 18
Ownership in a Community Development District (CDD) Sep 22, 18
I Am Buying a Home with Someone Else, How Should I Take Title? Aug 06, 18
After Irma in South Fort Myers, Fort Myers Beach, Sanibel and Captiva 9/16/2017 Sep 19, 17
Community Associations: New Estoppel Rules Jun 26, 17
Florida House and Senate passed Senate Bill 10 May 02, 17
Can an Association Suspend an Owner’s Right to Use Common Facilities? Aug 18, 16
REO Decline Drives Cash Sales Share Lower Jun 23, 16
Florida Real Estate Law Meets The Digital Age: Are Electronic Documents Valid? May 26, 16
When Is “AS IS” Not Really “AS IS”? May 16, 16
New Flood Insurance Legislation Offers Consumers Support, Flexibility May 10, 16
Fact Sheet Of The Freedom Of Information Act Request Apr 28, 16
Residential Property Disclosures: Seller Beware! April 9 2014 Apr 26, 16
Can an Association Collect Assessments Once a Homeowner Files Chapter 13 Bankruptcy? Apr 26, 16
3 Things You Need to Know About Condemnation Right Now Mar 22, 16
Local Appraisers Bring Equity Back to Real Estate Mar 10, 16
Refi Potential Going Untapped Mar 01, 16
FIRPTA Withholding Increase for Real Estate Buyers Jan 20, 16
Condominium Association Requirements to Conduct Electronic Vote Nov 23, 15
Understanding Home Ownership in a Community Development District#LOCK Oct 13, 15
>> Selling your home - 4 Pointers#LOCK Sep 05, 15
TILA RESPA Integrated Disclosure Rule Jul 25, 15
HUD Releases ‘Qualified Mortgage’ Definition Dec 14, 13
Sanibel Island voted # 1 worldwide vacation destination by Frommer's Jan 23, 12
What happens with second mortgages? Feb 23, 10
Chinese Drywall Answers Aug 17, 09
Before you pay a contractor - obtain a lien waiver Dec 17, 08