Considering Selling in 2018: Click here for a Free Price Evaluation
Considering Buying in 2018: Get Gateway Access to the MLS
Right now, we’re in the prime selling season here in Chicago. But, if you have plans to put your home on the market, there is one mistake you must avoid.
Many sellers hire the agent who estimates the highest price for their home. If one agent tells them they should list for $550,000 and another tells them they should list for $500,000, most sellers will, unfortunately, choose the agent who gave that higher price. However, this is actually the No.1 listing mistake a seller could make in our market. The market, not your agent, dictates price.
Instead, sellers should hire an agent they like and trust. They should hire an agent with whom they have a good rapport and who has a proven marketing strategy.
On top of working with the right agent, it’s also important to be informed about our current market. One of the most important things to understand is how current supply impacts the traction you’ll have as a seller in our market.
A market with more than seven months of supply is a buyer’s market, a market with five or six months of supply is an even market, and a market with between one and four months of supply is a seller’s market.
“
”
The market, not your agent, dictates price.
”
Another way to gauge the market is by examining the list-to-sale price ratio in your price range. This is important because while your area might be a seller’s market, your specific price range could still be favoring buyers.
In general, the spring market is a great time to sell. So if you have been thinking of listing, now is the time to do so. I recommend you start interviewing agents as soon as possible. Also, if your home is already on the market, the next 90 days are vital. You should ideally have your home under contract before July.
If you have any other questions, would like more information, or want help with your home sale, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Needed to compose one little word yet thanks for the suggestions that you are contributed here, please do keep updating us with latest news...
ReplyDeleteBest Online Software Training Institute | SQL Server Training
This post has helped me for an article which I am writing. Thank you for giving me another point of view on this topic. Now I can easily complete my article. Visit Us
ReplyDeleteThanks for sharing this article. Because you left a more knowledgeable information here. Keep giving updated information like this.
ReplyDeleteBest Selenium Training Institute In Hyderabad | Online Selenium Training
Great information. Thanks for sharing such a valuable information.
ReplyDeleteBest Data Science Online Training Institute In Hyderabad | Online Data Science Training
Thank you so much for sharing such a valuable information
ReplyDeletebest sap simple finance online training institute in hyderabad
Thank you so much for sharing such a valuable information
ReplyDeletesap simple finance online training institute in hyderabad
Great post. Needed to write simple word that Thanks for suggestions. Keep it up! best selenium training institute in hyderabad
ReplyDeleteSo? There's no such thing as a Do Not Knock list. On the off chance that your real estate leads are on the DNC Registry and you feel THAT uncomfortable risking a call Labour Camp For Rent In Dubai
ReplyDeleteClick Here Best RPA Online Training to go to RPA Online Training Institute Details .
ReplyDeleteThanks for the Great writing. To know more information like this visit our site
ReplyDeleteCLICK HERE