In this Episode We’ll Answer The Question: How Does The Wrong Asking Price Hurt Me? a. You’re Prohibiting Buyers! b. You’re Lengthening Days On The Market. Statistically homes sell for less the longer they sit on the market–think of days on market as ACID for you equity c. You Can’t “Give It Away”! Look at […]
When a property is priced even a few percentage points outside the predicted trading range, it may cause low buyer traffic, increase days on the market and prohibit showings that eventually lead to offers. This is a price problem, not a market problem. One of the most painful and perhaps desperate positions to be in […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in October 2021 versus November 2021: The Number of SOLD listings decreased by 1% to 844 properties with a top sale of $2.1 million at 268 Broadway in Saratoga County. While Average Sales Price increased by 3% to $304,088, the […]
In this Episode We’ll Answer The Question: How To Establish a Price Trading Range? Have you ever wondered how an online estimate, like the Z-estimate on Zillow, is calculated? It can be calculated, because there’s enough big public data to guess at a price! But that’s all it is… a guess. Only a property visit […]
Hi this is Jason, with the Young Home Selling Team, here with your monthly NY Capital District Market Update. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in September 2021 […]
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According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in September 2021 versus October 2021: The Number of SOLD listings decreased by 3% to 852 properties with a top sale of $1.5 million at 6 Stony Brook Dr in Saratoga County. The Average Sales Price decreased by 7% to […]
In this Episode We’ll Answer The Question: Isn’t Comparing Different Houses Like Comparing Apples To Oranges? a. The Problem: Residential Real Estate In Not A Commodity So Pricing Includes Many Variables! b. The Real Estate Term “Comparables” Is Misleading! c. Although You Must Compare And Resolve Differences! d. Beware: Don’t Ignore Your Neighborhood Effect! You […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in August 2021 versus September 2021: -The Number of SOLD listings decreased by 6% to 880 properties with a top sale of $1.7 million at 21 Winding Brook Dr in Saratoga County. -The Average Sales Price increased by 2% to […]
In this Episode We’ll Answer The Question: Why Does The Right Asking Price Really Matter? a. The Problem: Sellers Belief that Marketing Determines The Price! b. The Reality: The Wrong Asking Price Will Nullify The Best Marketing! Ask yourself… is a buyer comparing marketing strategies? Of course they aren’t! Buyers are comparing houses… and, in […]