Sellers, the frenzy of 2005 is long gone. It’s time to get real. Median prices have declined. Sales activity is down. We have more homes on the market now than we’ve seen since 1999.
If you’re serious about selling, you need to put aside pride and emotion. To sell your home, you need to be the absolute best value, period. And not just in your own small neighborhood… We’re talking in all of Northern Nevada.
Your property’s number of showings is the indicator of market acceptance on price. No showings means your price is too high. A few showings means your price is reasonable enough for buyers to look. Regular showings and no offers means your price is still too high. Lots of showings and one or more offers means you’re right on the money. It’s that simple.
A serious seller is prepared to lower the price as needed, over time, to achieve the desired result, a sale. Non serious sellers sit indefinitely on their properties waiting for mythical buyers with loads of cash who almost never materialize.
If you’re not serious about selling, please, do the market a favor and don’t bother listing. Less than 10% of homes on our market actually sell, which means that our local seller failure rate exceeds 90%. Your odds of selling are less than one in ten. Think about that before making your decision.
Buyers will compare the price of your 50 year-old, downtown charmer with a larger, newer resale elsewhere. Often they go newer, because moving a family cross-country is a major event. They don’t have the time or energy to spruce up your place.
Thinking about Buying or Selling?
Call Alvin's Team Today! 877-651-7810
Or visit our website: www.LivingLakeTahoe.com
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