P a t r i c k J e f f r e y R e a l t y
Selling in a Strong Market
Selling a home in a strong market is usually not too difficult. Nevertheless, there are a few things to consider, even when homes seem to be selling like hotcakes.
- Don't believe everything you hear. All homes are not selling in one day for more than the asking price - in any market.
- Don't get discouraged if your home doesn't sell instantly.
- If your home doesn't sell in a reasonable period despite an apparently strong market, ask your agent why. Your price may be too high even for a hot market or your home may have some problem that is turning off buyers.
- If you are not under extreme pressure to secure a quick sale, price aggressively and see if the market will bear it.
- Be realistic about the market - try to get a high price, but don't get carried away.
- Be careful about being the last one standing when the music stops. Excessive booms are usually followed by weak markets and falling prices. Make sure you get a buyer while things are still strong.
A combination of patience, rationality, and aggressiveness is required to make the most out of a strong market.
