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The best time to sell your North Oakland or Lapeer County home is when it fits best into your schedule. Some think of spring/summer as “the season” for selling. It is true that there are more sales in the spring and summer, but there are also more houses on the market.

Spring and summer are more enjoyable times to look, but when a person is looking at homes when the snow is up to their butt, they are probably a more serious buyer! There are so many different reasons that people move, it is impossible to tell when the best prospect for your house is out looking.

Sooo- if you are ready to move in the next few months, you should get your house on the market now. The timing won’t affect your pricing or time on the market.

For a free market analysis, please contact me. After I look at your house/property I will spend some time researching similar properties and then we can discuss price, marketing and the time it should take to sell.

Jackie Hawley, Realtor, e-PRO

Coldwell Banker Professionals
Jackie@JackieHawley.com
Cell/Text: (248)736-6407
www.JackieHawley.com

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Is My Listing REALLY Overpriced?

It seems lately the explanation that comes with a low ball offer is that the house (my listing) is overpriced. I guess soooo grossly overpriced that your buyer chose it as their favorite. I understand a buyer submitting a low offer trying to see what they can get it for. I don’t agree that is the best way to get the seller to his/her bottom line, but I understand it. But many of these offers are coming in 15%-25% low and negotiations inevitably end with buyer and seller not coming to terms and about 5%-8% apart. That translates to $10K or $20K apart.

I get the feeling the asking price was over those buyers’ purchase abilities. So the agent ends the negotiations with something along the lines of “good luck getting it sold” followed up with something derogatory about the house.

Guess what- prices are going up. Inventory is low. Those houses DID sell within a month or two of your so called offer for the same or more than our lowest counter. And they appraised. And they closed.

At $3.50/gallon, I hope you aren’t still driving those buyers around, writing low offers on “overpriced” houses.

Buyer’s agents need to educate their buyers.

Prices in North Oakland and Lapeer counties have been increasing- sharply. What you can buy for $200,000 today will probably get $210,000 or even $220,000 this summer.

Interest rates are good, and the longer you wait to buy the more you are chancing an increase in interest rates.

Houses are selling on average within 2%-3% of the asking price.

Inventory is low and has been for quite a while. If you’re good at $120,000 today but don’t like any of the houses out there for $120,000, or can’t get anybody asking $140,000 to come down $20,000, you may be forced to buy a house this summer for $120,000 that would sell for $110,000 today.

If a house is slightly overpriced today it won’t be this summer. Not every seller has the same motivations. Some want to sell quickly. Some want to sell for top dollar and we are now in a market where patience can be profitable.

 

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Jackie Hawley, Realtor
Coldwell Banker Professionals

Cell: (248)736-6407

Jackie@JackieHawley.com  

www.JackieHawley.com

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