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How Long Will It Take To Sell My House?

by Leslie Edwards

To figure out how long it should take to sell a home, I use a formula that will calculate the absorption rate of each neighborhood. Knowing the correct absorption rate for the neighborhood will help the seller determine a realistic asking price for their home. 

The absorption rate formula is based on past sales, days on market, and the amount of houses currently for sale in the neighborhood/area. This information tells us how many months supply of inventory is presently on the market, and therefore provides us with information that indicates just how many months it may take to sell a particular home.  

A 6 month supply of inventory is telling us that it may take a full six months or more to sell the house. In addition, a 6 month supply is considered a balanced market, but anything over 6 months indicates there are too many houses and too few buyers, indicating it may take up to a year or more to sell the house.  

A seller whose house falls into the category of 6 months or more should be willing to position their house, in terms of price, condition, and incentives, in a way that will give them a distinct advantage over their competition.

 Sellers have different needs, motivations and desires which typically determines how aggressive they should be on their asking price.     In today's challenging real estate market, because sellers are in a price war and a beauty contest at the same time, it takes aggressive pricing and staging to show the home at it's best.                                                                                                                                                               If you would like to discuss the absorption rates for homes like yours, call or email me.  I want to be your real estate resource. 

 

leslie edwards                                                                                 Environmentally Aware, Socially Conscious, Politically Active, Real Estate Agent                                                                                         770.460.9448                                                                                        CDPE Certified Distressed Property Expert                                                CRS   Certified Residential Specialist                                                       Epro  Certified Internet Professional                                                           ABR   Accredited Buyer Representative                                                    GRI    Graduate of the Realtor Institute Dave Ramsey Endorsed Local Provider

Selling South Metro Atlanta including:Clayton, Fayette, Henry, Coweta, Merewether, South Fulton & Spalding Counties

All the towns and cities south of the Atlanta International Airport, including: Brooks, College Park, Fairburn, Fayetteville, Jonesboro, Locust Grove, McDonough, Newnan, Sharpsburg, Stockbridge, Palmetto, Peachtree City, Tyrone and more                                                                                           Moving Families Since 1978                                                                       Let My Experience Work For You                                                               fax:  770.460.0739 See all of the properties for sale in the Multiple Listing Service at www.SouthMetroAtlantaMLS.com                                                                                          .com                                              leslieedwards@leslie RE/MAX Around Atlanta.com/blogleslieedwardswww.

 Almost everyone knows someone who is behind on their mortgage payments and wants to avoid foreclosure to save their credit, relieve the uncertainty, and most of all, help their family.

Have them call me for Short Sale and Pre-Foreclosure Solutions and let's get started on the path to recovery.

http://www.leslieedwards.com/Blog/What-is-a-Short-Sale-and-Why-You-Might-Want-One

  

 

 

 

 

 

 

Who Says Real Estate Is Not Selling?

by Leslie Edwards

As of today, May 13, 2008, I have closed 22 properties with an additional 3 properties scheduled to close by the end of this month.  While I have sold more in past years, my current sales numbers are more than 10 times the average real estate agent's sales.  I think there are good reasons why this is true.

 Sellers and Buyers who might have used their new, part-time or unproductive real estate agent relative, friend, church member, neighbor, etc. are choosing experience over friendship and family loyalty in this challenging market

After 30 years as a full-time, successful REALTOR, I have learned to adapt to constantly shifting market conditions.  We have systems in place to provide consistently exceptional service to our clients regardless of market conditions.. 

The current reality is that there are at least twice as many sellers than buyers so the job is to attract and capture buyers. 

Studies show that buyers typically call more than one agent and continue calling until someone is available to talk to them.  The first available agent often gets the sale. 

My phone is answered 24 hours a day, 365 days a year by a live person.  We have three licensed agents on our team to insure that someone is always available to talk to a buyer when they call.  The office and the answering service transfers calls directly to one of us immediately.  We prefer that instead of taking messages, we talk to people when they call.

The percentage of buyers who search for homes on the internet continues to soar.  Our properties are listed on more than twenty individual websites and include multiple photos and visual tours, both of which increases the number of unique visitors who will stop to view your property online.  To see how we market properties visit www.leslieedwards.com and www.SouthMetroAtlantaMLS.com

Contact me for a FREE Buyer and/or Seller Consultation by email, phone or in person.

leslie edwards  sells real estate  770.460.9448

30 years experience is not expensive.  It's priceless

leslie@leslieedwards.com       

RE/MAX Around Atlanta All Stars

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If you hear of anyone who wants to buy or sell in any of these areas, please mention me and then call me so I can contact them. I appreciate your referrals!