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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

  

 

 

 

 

 

 

Sarah Palin for Vice President

by Leslie Edwards

It was a surprise to most of us that John McCain named the Governor of Alaska, former Mayor of Wassila and former beauty queen, Sarah Palin, as his running mate.  I wanted to know more about her so I read some blogs and found that there has been a Sarah Palin for Vice President movement for months.  I emailed my real estate agent friend, Kristan Cole, who happens to live in Wassila and is also a former Alaska beauty queen, to ask her about Governor Palin.  Kristan responded that Palin was "the real deal".  This morning Kristan was interviewed on CBS and is being interviewed by NBC, the New York Times and others.  I was not aware that Kristan and Sarah Palin have known eachother since the 4th grade and were in fact, good friends.  I hope everyone spends the time to get to know who this person is and will see that this is a totally new type of person for this job.  My enthusiam for the political process is renewed with this bold selection.  We need a different kind of politician in Washington.

Whoever you are for, be sure to vote in November.

leslie edwards                                                                               sells real estate                                                                     770.460.9448                                                                       RE/MAX Around Atlanta                                             leslie@leslieedwards.com

call me for all of your real estate wants and needs

Public Pens

by Leslie Edwards

Another flu season has passed and again I did not get the flu.  Although I have never had a flu shot, it is my personal decision and I am not recommending that anyone else do the same.

One of the things I do to avoid contamination from germs is to carry my own pen at all times.  I do not share public pens, at the grocery checkout, signing for credit cards or anywhere else..  Be conscious the next time you have an opportunity to sign something with a pen provided by a cashier, waiter etc.  The pens are touched by several people everyday and never disinfected. There is a 100% chance that someone who used the pen that day will share some germs with other users.

Stay healthy and call me for all of your real estate needs.  As a professional, fulltime REALTOR for 30 years, I have worked through many challenging markets and this one is no different.  In the first quarter of 2008 my closed sales were over ten times more than the average agent.  Call or email to arrange a FREE consultation for Buyers and Sellers by phone, email or let's meet in person.  As always, there is no obligation to work with me.  I want to be your resource for real estate information.

leslie edwards  sells real estate  770.460.9448   RE/MAX Around Atlanta

leslie@leslieedwards.com   See all the MLS listings at  www.leslieedwards.com

Buy or Sell With Me and Use My Truck to Move For FREE

Displaying blog entries 1-3 of 3

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!