To settle the greatly heated debate of the current recession, here it is: now is the perfect time to buy a new home. And, if sellers’ homes are priced right to sell, they will.
Although it takes time, the market is still active and making a recovery. It’s important to keep in mind that the real estate market, like the economy, is cyclical. There will be peaks in the market along with valleys.
However, mortgage rates are at their lowest in recent years. Although selling won’t happen overnight, with efficient, focused real estate professionals, the number of days your home remains on the market can decrease.
The marketplace is more stable now than it was a year ago.
Some crucial things to remember when selling or buying:
Buyers--
· More options in housing inventory
· Fewer competitive offers on same properties
· Don’t have to pay asking price
· Various mortgage options
· “Wait and see” approaches are not always best
Sellers--
· Be realistic with your asking price
· Overpriced homes will not sell
· In high demand areas, there will always be buyers
· Properties will not sell as quickly as they did in previous years
Keep in mind that people will always need a place to live!
Showing posts with label comparative market analysis. Show all posts
Showing posts with label comparative market analysis. Show all posts
Tuesday, November 23, 2010
Tuesday, September 21, 2010
Colts Neck Real Estate Update
The Colts Neck Real Estate market had a slightly better Spring/Summer season this year than it did in 2009. Through September 27, 2010 we have had 63 homes close in Colts Neck this year vs. 57 through the same period last year.
Average closed price in Colts Neck for 2010 to date is at $910,987 vs. $848,331 in 2009 which is approximately a 7% increase.
Sold properties ranged in price this year from lowest being $200,500 to highest coming in at $3,200,000. In 2009, lowest closed price was $259,900 and the highest $3,031,000.
Currently, there are 18 homes under contract in Colts Neck awaiting closing. In addition, we have 110 active listings in the Multiple Listing Service with prices ranging from $325,000 to $7,999,999.
If you are considering a move in or out of the Colts Neck market place, call Leanne @917-596-2772 or Anna @ 732-371-3233 to get the latest details on market conditions and availability of properties. If you are thinking of selling, we can provide you with a COMPLIMENTARY COMPARATIVE MARKET ANALYSIS for your home.
Average closed price in Colts Neck for 2010 to date is at $910,987 vs. $848,331 in 2009 which is approximately a 7% increase.
Sold properties ranged in price this year from lowest being $200,500 to highest coming in at $3,200,000. In 2009, lowest closed price was $259,900 and the highest $3,031,000.
Currently, there are 18 homes under contract in Colts Neck awaiting closing. In addition, we have 110 active listings in the Multiple Listing Service with prices ranging from $325,000 to $7,999,999.
If you are considering a move in or out of the Colts Neck market place, call Leanne @917-596-2772 or Anna @ 732-371-3233 to get the latest details on market conditions and availability of properties. If you are thinking of selling, we can provide you with a COMPLIMENTARY COMPARATIVE MARKET ANALYSIS for your home.
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