It may be the winter (and a cold one this year), but the real estate market is heating up!
Homes are selling quickly and closer to (or above) asking price. According to the January 2018 REALTORS® Confidence Index Survey, “34% of properties that closed in January sold at or above the list price. Of the properties that sold at a premium price, 86 percent sold at 101 to 110 percent of the list price.”
You listed your house and it didn’t sell. There is probably nothing more frustrating! What do you do next? Just stay put in your home forever or try again?
First things first, figure out why your house did not sell the first time around. Why do some listings expire and fail to sell? Here are the 10 top factors that influence whether or not your home sells:
Although both real estate agents and Realtors® are licensed to sell real estate, there are differences between them. You should make sure you understand the difference before you hire someone to sell your home.
Historically home sales and home sale prices peak in the spring and summer, making spring the best time of year for sellers to put their homes on the market. However, in his most recent column, Jonathan Smoke, the chief economist of realtor.com, has advised that 2017 is not a typical year and sellers should consider listing their homes earlier this year.
I have worked with many real estate agents during my years as a licensed Realtor® and I have found that this field is home to all types of agents and personalities. Did you know that approximately 1 out of every 220 adults in the US is a licensed agent (or was at some point in time). Yet despite the high number of real estate agents, I find that I can count on one hand the other agents that I would love to do business with again.
I’ve been seeing it more and more lately. FULL PRICE CASH OFFERS…and I’m not talking about investor offers on properties in disrepair. I’m talking about offers by owner occupants on newly renovated houses and well-maintained homes.
Have you ever hired a Realtor and regretted your decision? You are not alone. Not everyone loves their agent and the underlying reason is that some real estate agents are just better than others. The fact is 20% of the real estate agents do 80% of the business.