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	Name:	John C -
	Subject:	answers to both questions
	Date:	12/19/2008 4:52:42 PM

Here is an additional post I did on the August results that addresses both questions of time on market and % of sales price to original list price. See the below link. I can do this for November's results if you like.

Since we have such a small market these stats are sometimes not helpful, but these do show the general trend of what everyone knows, it takes a long time to sell in this market.

That is why I am advising my sellers to have their list price exactly at what they would take, if they want to sell in this market. There is no sense at all to a have a 10% "cushion" to come down. Forget leaving money on the table as a seller. Buyers are bargain hunting now. This strategy has been very successful for my sellers this year, and it looks like we will be dong the same tactic in 09.

Whether the market is rising or falling, you have to price AHEAD of the market to have success as a seller.

Buyers are having a hard time sifting through all of the inventory out there and knowing what is priced accurately and what is not. There are some good deals out there, finally, but it takes some homework to get to the good ones. But there are also some homes that are still 20% overpriced sitting next to homes that may be on the verge of having a bank involved in the sale.

URL: 2 New Charts - Lake Martin Real Estate Sales 08-2008

Other messages in this thread:

View Entire Thread

Real Estate - BiggerDog - 12/18/2008 10:12:59 PM

Real Estate - John C - 12/18/2008 10:20:02 PM

Real Estate - water_watcher - 12/19/2008 5:57:15 AM

Real Estate - Talullahhound - 12/19/2008 11:07:35 AM

Real Estate - AUCATZ - 12/19/2008 5:23:12 PM

Real Estate - water_watcher - 12/19/2008 5:51:38 PM

Real Estate - AUCATZ - 12/19/2008 8:27:12 PM

Real Estate - Swimmer27 - 12/20/2008 1:08:57 AM

Real Estate - MartiniMan - 12/19/2008 1:16:38 PM

answers to both questions - John C - 12/19/2008 4:52:42 PM

My experience in VA - Talullahhound - 12/19/2008 8:51:59 PM

My experience in VA - Freshwater Bay Girl - 12/20/2008 10:55:57 AM

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