Long Island median home prices are up across all three counties. What’s even more notable is that housing inventory is down by 14.9%. When housing inventory is down – that means that homes are selling faster than they were a year ago.
We’ve helped a lot of buyers and sellers. So, it comes as no surprise that we’ve heard mostly all of the concerns they have had throughout the buying and selling process. Here’s why these 5 common statements shouldn’t be a concern at all.
The most common reason a home doesn’t sell is because it is overpriced. If you’re selling your home, you need to understand that pricing your home correctly from the beginning is absolutely critical.
In an effort to save money, many people think selling their home on their own is the way to go.It’s proven that selling your home on your own can cost you time and money in the long-run. Why have a Realtor® represent you? Here are 7 good reasons.
A first time home seller who has a top producing agent in their corner will have a much greater chance of a smooth and successful home sale. If you’re selling a home for the first time, its important to understand what the home sale process entails, what costs are associated with selling a home, and many other very important aspects of the home selling process.
Before you put your home up for sale, understand how the right comparable sales help you and your agent find the perfect price. How much can you sell your home for? Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours.
Timing is everything when it comes to successfully selling a home. According to Realtor.com, “Prime home-buying season begins in April and reaches its peak in June.” This is the window of opportunity to sell your home faster and for more money.
Over-pricing or under-pricing is a huge money-losing mistake. It’s so critical to know your market and get familiar with comps of similar homes currently for sale (and those that have recently sold) to understand exactly what price tag your home needs. Here’s the most common pricing mistakes sellers need to avoid:
Weather and the time of year have a big impact housing activity, and in every housing market there are times of the year when fewer homes sell. For most, that time of year coincides with the winter months, and in much of the U.S., that’s the case right now. But no matter where you live, it’s important to know how seasonality affects the housing market. So let’s look at the current housing numbers, how seasonality affects them, and what it means for you if you’re looking to buy or sell.
Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price. These six signs may be telling you it’s time to lower your price.