Palm Coast Real Estate & Home Builder Blog

Reality Check for Sellers Out There…

I just read a great blog post by Toby Tobin a local Realtor, real estate commentator, and publisher of GoToby.com, and I felt I had to share it with my readers. He brings up some really great points on the selling market, and things that sellers need to realize and come to terms with in order to get their house sold.

The main point is that the Flagler County housing market (along with much of the rest of the country) isn’t what it was 2 1/2 years ago, and there are sellers out there still holding on to the idea that they can and will get what their house might have sold for 2 1/2 years ago.  That’s not to say that you shouldn’t sell, or that it is impossible to sell you home, but you can’t expect to get what you could have gotten back then, now.

It is a hard time right now to be a seller. With your neighbor selling at rock bottom prices to avoid foreclosure, or the bank selling a home at a fraction of its worth to get it out of inventory, it is very hard to compete!  In order for most folks to afford to sell their home, they must have quite a bit of equity in their home.

Here are some bulleted points Toby made in his post titled “Are You Trying to Sell Your Property or Just List it?”…and I have to agree with him:

1. Buyers don’t care what you paid for your property.

2. Buyers don’t care about how much you need to break even

3. Buyers don’t care how your listing price compares to other homes listing prices…they care about how it compares to comparable solds!

The houses that are selling are the ones that are competitively priced. There is a lot of competition out there!

If you would like to read his entire post you can visit:

http://activerain.com/blogsview/541871/Are-You-Trying-to

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