When selling a home, two situations may occur which are red flag indicators of a lengthy sale time.  Each requires the property owners’ attention in cooperation with their REALTOR®, and involves either the price or condition of the home.

The first involves a home that has been on the market for 60-90 days, but has been shown only once or twice.  More buyers are beginning to enter today’s real estate market, and homes for sale should be attracting a number of prospects. 

When buyers choose not to tour a home, the reason is often the price.  Homes that are attractive, but not being shown, are often priced “above” the market.  The key to increased showings, then, is to learn the market price of the home, then reset the price.  A REALTOR® from Don Kingsley Real Estate can do a Comparative Market Analysis and price your home for today’s market conditions.

The second “red flag” occurs when a home is being shown often, but neither sells nor attracts offers.  The home’s condition is often the culprit in this situation.  Buyers learn the price, then drive by, making a judgment that it is an attractive home.  Once they see the home, however, their interest evaporates.

The solution can be a critical “walk-through” by a REALTOR® to identify needed repairs and cosmetic improvements.  Until corrected, traffic is likely to remain high, while the chances of selling remain low.  Remove these red flags and prepare for a sale!

Call a REALTOR® at Don Kingsley Real Estate and we would be happy to go over these possible “red flags” with you.  If you prefer, email me at donkingsley@donkingsleyrealestate.com.  I will share my knowledge with you at no cost or obligation.

A recent profile of buyers and sellers compiled by the National Association of REALTORS® has revealed promising, if not surprising statistics about the changing face of the marketplace.  The percentage of first-time buyers is on the rise, and they are making their purchases for the long term.

Frankly, this makes sense, because first-time buyers aren’t struggling with the sale of an existing home.  Combine that advantage with low home prices, large inventories, and low interest rates, and the result is a positive trend for both buyers and sellers.

Recently enacted tax credits and modifications in the Federal Housing Administration are also helping buyers, along with predicted increased credit flow from a federal funds injection into the banking system.  More buyers entering the marketplace mean more sales, reduced inventories, and increasing home values.

The profile of sellers shows that over 90% used a real estate brokerage to market and sell their property.  Buyers profiled listed the most important agent services as helping to find the right home and negotiate satisfactory terms and price.

If you’re planning a purchase, and need funds for a down payment, learn from buyers in the study who mostly used savings or a gift from family, and who also chose a fixed-rate mortgage over 90% of the time.  Consult with a REALTOR® from Don Kingsley Real Estate today, and get on board the home ownership train.

If you are in need of real estate guidance, please feel free to contact me.  I will be happy to share my knowledge with you at no cost or obligation.  If you prefer, you can email me at donkingsley@kingsleyrealestate.com.