Is it too late to sell your house?
Did you miss the market?
Not at all.
I have found the top 4 reasons homes may stay on the market longer.
Think again if you missed your chance to sell your home. Watch this video.
The price is too high.
To predict what buyers would pay, you must carefully review recent sales and make price adjustments to your property based on competitive differences.
To check your price, you can listen to feedback from people at open houses and showings.
You can also check out local listings. If your home is priced higher than nearby homes with better features or upgrades, it's a telltale sign that the problem is price. It may be time to consider a price drop.
You're working with the wrong buyers.
Okay. Your home needs work. The roof is getting old; there's water damage in the basement that you need the savings to fix. You get the drift.
Or maybe you listed your home in haste — you need the extra cash, but things aren't moving the way you want.
Sell your home to a real estate investor or house-buying company. There are real estate buyers that are more accepting of homes that require a little TLC. Mostly pay with cash. It's up to you if you are going to accept the offer or not.
Your home is too unique.
Distinctive properties, such as large, high-end, or expensive houses or homes located in unusual areas or with quirky features and styles, are only for some.
If your home is uncommon, you'll have to wait for the perfect buyer. Think about what attracted you when you bought the house. There should be other buyers who will feel the same way.
The Market
What I want you to consider is that today where we are in the market index, that means the supply and the demand where it bounces off in their affordability is that we are at average.
Today's Home Demand Index is 105 in Northern Virginia, Maryland, and Washington, D.C.
What does that mean?
That means we don't get too slow below 90. Now, granted, yesterday and last year, we were at 130 plus, but this is like comparing what is going on today to what happened yesterday. There is an amplified effect of what you believe to be true.
So right now, you may believe that "hey, that sucks," but that is not true. We are just average. It's like waking up after you have a cold, flu, or Covid; now, you are better again.
How great you feel when you wake up like you are on top of your freaking world because the day before, you were miserable.
Well, this is the same type of effect. Yesterday, you placed a property on the market and sold it in 2 days. Now, it's sold in 17 days.
But in reality, is that bad? Not at all!
Suppose you are in the market and considering what's going on for your specific property. You have to understand that depending on your type of home, whether it's a Single Family Home or a Condominium, or the higher priced Condominium - if you look at that, the higher priced 174 Home Index, the higher price of Condos.
That way off the charts - in your favor as a Seller!
So, depending on your property, you may be in a great place, or you may be in an average place plus. Either way, you still need to hit or catch the market.
If you're in Virginia, Maryland or Washington DC, or anywhere in the country, and if f you want to learn more, hit me. Dan Rochon here. You get me days and you get me nights. You can text me anytime at 📱(703) 346-2776 or email me at 📧Dan@greetingsvirginia.com.
Our Team:
Dan Rochon
John Root
Zainab Fahim
Talk to you soon.
P.S. You may also want to check our active listing. Click here.
If you're interested to learn more about Real Estate Investing or tips and strategies about Real Estate, you can reach me at 703-346-2776 or send me an email at Dan@greetingsvirginia.com. We will be more than happy to help you.
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Buying a Home is Easier than You Thought!
Here's a list of what you need to think about before you buy, and it will walk you through what you can expect from the buying process itself, plus tips to make life easier after you buy your dream home.
