Pricing a Property is Serious Business


Pricing a Property is Serious Business

Strategic pricing is the key to selling your home at an attractive price in an acceptable amount of time. While many brokers will gladly list your home, the reality is if it is not properly priced your home may sit on the market month after month and actually help sell competing properties.

 

At Ebby Halliday, our Associates take pricing your property very seriously. Your Ebby Associate will utilize Multiple Listing Service data to create a Competitive Market Analysis that estimates a market-value range for your home based on the recent action of buyers and sellers in your neighborhood. A few of the factors your Ebby Associate will consider when estimating your property’s market value:

 

* Successfully sold homes – Lists the selling price of recently purchased homes comparable to yours.

 

* Competitive properties for sale – Since they are not yet sold, the market value is undetermined, but they are important, as buyers most likely will view and compare these properties with yours.

 

* Pending sales – Though they have not yet closed, homes under contract are a good indicator of value in the current market.

 

* Failed to sell – The listed price of these homes suggests what potential buyers will not pay.

 

If you’re curious about what your home is worth in North Texas’ competitive housing market, visit the award-winning ebby.com, where you’ll find just the right real estate professional for your needs.

 

The Best Day to Buy a Home?


The Best Day to Buy a Home?

 

If you’ve ever bought a home, it’s likely you’ve heard that it’s better to buy in the fall and winter months to get the best deal – given less competition from other buyers in these months when families are entrenched in the back-to-school schedule.

 

But is this conventional wisdom really true? Yes, but with some glaring exceptions.

 

RealtyTrac analyzed more than 32 million home sales and below is what they found.

 

The best month to buy a home?

October.  Of the 2.7 million sales closed in October over the past 15 years, the average sales price was 2.6 percent below the average estimated full market value at the time of sale.

 

Following October as best months were February, July, December and January – all fall or winter months except for July, which was definitely a surprise.

 

The best day to buy?

Monday. Out of 5.5 million home sales over the past 15 years that closed on Monday, buyers realized an average discount of 2.3 percent below full estimated market value at the time of sale.

 

Friday is the second-best weekday to close on a home purchase. Buyers who closed on Friday realized an average discount of 2 percent.

 

The best day of the year to buy?

October 8. According to RealtyTrac data, on average, buyers have purchased 10.8 percent below market value on October 8, followed by November 26 (10.1 percent below market value), December 31 (9.7 percent below market value), October 22 (9.6 percent below market value), and October 15 (9.1 percent below market value).