What Are The Odds of Your Property Selling?

Everyone focuses on sold prices and competing prices. Why? Because this is vital information when pricing your home. You need to know what homes around you are selling for and this also comes into play with the appraisal. Even if someone gives you the price you want, it still has to appraise.

The other factor is competing homes. If you are the highest priced home, even with really great features, chances are that you will not be the first to sell. Buyers are looking for low prices and figure they can upgrade over time any features that are not to their liking.

Lets talk about the much-overlooked but vital tool in analyzing your property and the odds of it selling. In any given market, in any given time, only so many properties will sell. This is known as ‘Absorption Rate’. In other words, how many months of inventory is available? Let me provide a simplified example, although there is more precision involved when evaluating a property:

Lets say if in 6 months 5112 properties sold in your county. That would be an average of 852 properties sold per month. If you then take the current active listings, lets use 7333 and divide it by the average homes sold per month, you would have a 8.6 month inventory. If no other properties come on the market, it would take 8.6 months to sell everything. Lets go further. Take those 5112 properties sold in 6 months and divide that by the number of closed, active, expired, withdrawn listings in the same 6 months and you would come up with a 29% probability of selling your property.

How does this impact you? It helps you determine how you are going to price your property to get it sold. If you price it too high, the probability of your property selling soon is unlikely. Your agent is in charge of the process. You, the seller, are in charge of the decisions and how competitive you are going to be.

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We Are Selling A Lot of Real Estate!

Everyone knows it is a buyer’s market and that sellers have taken quite a beating. There are many competing properties and new construction is the toughest competition because most home buyers prefer new, if they can get it. It is more important than ever to have great presentation.

The Tia Stanley Team provides the best home marketing you can get! It is our job to get buyer’s looking at your home. We make a financial investment in every listing and we expect to sell it. Our team has developed an exclusive and distinctive plan designed to attract buyer’s.

Photos may be one of the most vital aspects of marketing your property. Buyers demand lots of good photos. You have seen those ‘bad’ photos where it is just a dark blob, or there are are very few to look at. What if you could have great photos and lots of them? Well, good news…we have invested in excellent camera equipment, wide angle lens, flashes, tripods, & software to get the best photos of your property. Oh, and some training too as there is much to learn when going for WOW photos.

Prepare your home for photos: Clear off all the kitchen and bathroom counters. Minimize items on dresser tops, take the magnets and art off of the refrigerator. Put away the shampoo bottles and temporarily hide your bath rugs and kitchen rugs. We want to emphasize the home and the space, not your personal things. You may want to put away photos of your children for the pictures as they will be online. We will do the rest! Depending on the size of the property and it’s features, we typically snap 100 – 200 photos.

If you are serious about selling, we would love to share all that we do with you. Contact us for a one-on-one presentation or a CD presentation.

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Home For Sale in Spanish Fort AL on Blakeley Way

Spanish Fort Home For Sale | Blakeley Way | ReMax By The Bay

UNIQUE PROPERTY IN AN OUTSTANDING SPANISH FORT LOCATION LISTED BY REMAX BY THE BAY’S TIA STANLEY TEAM. BLAKELEY WAY IS SURROUNDED BY UPSCALE HOMES AND NEIGHBORHOODS. THIS LISTING INCLUDES 3 LOTS TOTALING 1.89 ACRES WITH A HOUSE COMBINED INCLUDES PPIN# 26313, 26287, 299079. SOME ROAD FRONTAGE AND HOME WARRANTY PROTECTION PLAN INCLUDED!

HOME HAS EXTRA STORAGE AND A NEW ROOF IN 2005. TWO STORAGE BUILDINGS OUT BACK REMAIN.

ADDITIONAL ACREAGE ALSO AVAILABLE FOR PURCHASE. WOULD MAKE A GREAT SUBDIVISION LOCATION IF ALLOWED BY ZONING COMMISSION.

SPANISH FORT SCHOOLS ARE VERY SOUGHT AFTER AND DRAW MANY RESIDENTS TO THIS AREA. THIS PROPERTY IS APPROXIMATELY ONE-MILE TO EVERYTHING…BASS PRO SHOP, EASTERN SHORE CENTER MALL, 2 MOVIE THEATERS, RESTAURANTS, FITNESS FACILITIES, MEDICAL CARE, BLAKELEY PARK, TENSAW DELTA FOR OUTDOOR ACTIVITIES, PLUS 24-MILE BIKE & WALK PATH FROM CAUSEWAY TO POINT CLEAR, MOBILE BAY AND I-10.

***Square Footage taken from tax records. Tax records indicate house was built in 1966.
***Home is comfortably heated and cooled with window units and space heaters.
***Square footage and age of home taken from tax records. Buyer to verify.

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