A look back…..
Interest rates Oct 2008 6.20 %
Interest rates Oct 2009 4.95%
Interest rates Oct 2010 4.23%
Homes for sale
Price of Avg sold home Oct 2009 $150,260
Price of Avg sold home Oct 2010 $160,592
Sales Oct 2009 vs 2010
I welcome 2011 and look forward to the continued recovery in our local real estate market.
Bring it on!
Image: Francesco Marino / FreeDigitalPhotos.net
We are in a unique Real Estate market, and how to get a home sold is changing. Sellers can benefit from having a price plan from the start. Too often we see sellers list above market price and remain there too long, causing their home to linger on the market. I am recommending a price plan from day one. Start by comparing the seller’s range to the current market range.
Determining the ranges
•1) Every seller has a price they desire for their home, along with a bottom dollar figure that they won’t or can’t sell below. This is the seller’s price range for their home.
•2) Every home has a value range, based on similar homes available on the market and recent sales of similar homes from low to high. This is the current market value range. The appraiser will look at this to confirm value for the buyer’s lender.
In an ideal world these two ranges will compliment each other.
Have a price plan.
A starting point
A waiting period __#days
Methodical price reductions, with the % of reduction and time intervals based on the seller’s motivation and particular circumstances. Put future reductions on paper from the start. In today’s market, selling takes more than a quiet wait for the buyer, it takes planning and seller motivation. Having a price plan sets the course of action in the seller’s hands, keeps their listing active and puts a focus on price, which we all know is a key factor in getting the home sold.
Image: renjith krishnan / FreeDigitalPhotos.net
Is your data safe? If your like most… not as safe as it should be. I have used a variety of data storage/backup over the past few years. CDs, flashdrives, and web-based.
Currently I use a web-based backup service that I pay a monthly fee for. I have used the same service for about two years. It comes in extremely handy when I reformat and need to reload my data, also when I am away and need to grab a stored document. I usually purchase a new computer every year or two, and the transfer of data is a breeze.
I have a slr digital camera. The stored images can be fairly large, 5-10 mg each. My photos, like most, linger on my computer and rarely find a frame. I have years of photos, organized by year and month, that I want in a safe place.
Unfortunately, as my storage needs are growing, I am finding the current service I use to be fairly costly. Coming in at about 25$ a month! Yikes… time to check out some other options! While still leaning toward the safety of web-based storage… I may consider a portable storage options. Time for some homework! That is going to be my project of the week! What do you use?
November is my favorite month to organize my contacts list, plan marketing ideas for the coming year, outline new daily routines and just get focused.
This is a great time of year to revisit what worked last year, what didn’t, and think about how to implement what worked with a few new ideas! I am excited about 2010 ! Looking forward to continued improvement in the market.