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When I discuss the techniques used in selling a home with new home sellers, most are curious about my opinion on open houses. For those readers who missed my past article on real estate open houses, I addressed conversation rates and REALTOR® motivation for conducting them. But what about the relevance of holding an open [...]
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From time to time, we like to take a close look at home sales in Piney-Z in Tallahassee. Today, we’ll take exert some extra effort in the pursuit of quantifying the amount of depreciation that has occurred in Piney-Z, as well as studying the average sales price of homes that have recently sold there. Of [...]
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The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS. The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.
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If you have to sell a home, I have an important tip that is crucial for you to understand. The internet has created many changes and opportunities in the real estate market, and home sellers who do not understand the evolution in pricing strategy will find that they are chasing away homebuyers. One big questions that home sellers always want to ask is how much “negotiating room” should they include in their asking price for a home. I’m sure Google has seen the following more than once!
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Summerbrooke home sales are “fighting the fight” that we are seeing in most Tallahassee neighborhoods. Home prices are still dropping in Summerbrooke, but monthly sales are on the rise, which is a major step in moving the market towards a balance between supply and demand.
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