If you aren't motivated to sell your home at the current Metro Detroit real estate market prices then don't list it.
Homes values in Metro Detroit real estate have fallen tremendously in the last few years. Now is not the time to "test the market" or list it to see if " I can get my price".
Now every agent can see how many times you have taken your home on and off the market for in the last 3 years. Then the agents pass it on to prospective buyers. I feel you can see who is chasing the market down. Lower their price as the home prices fall.
As an agent I can tell who is unrealistic in their pricing and even who is willing to negotiate based on some of their price reductions. Sometimes the clients won't even put in an offer on a over priced home. It is sometimes too overpriced to come down to reality. For example we put in an offer in a Northville home that was price at $300,000. Northville Michigan homes in the subdivision were selling for $250,000 to $260,000. We put in an offer of $240,000.
We had too. In order to get the Northville home at fair market price of $250-260,000 we had to start lower. The seller countered back at $297,000. Needless to say we walked away. 3 months later it is still on the market at $300,000. Maybe it will sell to somebody. But most likely not.
So if you are looking to sell your Michigan home for sale listen to your realtor. Look at the recent sold prices in your area. Price it right to sell it. You will be less frustrated with the whole process.
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My Month of April quote:
"Sometimes the only way to get to the far shore is to lose sight of the shore you just left"
Russ Ravary
"helping make your move easier"
your local Metro Detroit Realtor helping clients like you sell and buy homes through out the entire Metro Detroit suburbs. I love showing and selling Oakland County and Livingston County Lake front homes too.
It sounds like good advice to me. If you aren't willing to take what the market will pay, then don't list the property.
Important advice Russ! Too many homes on the market to ignore as well. Last time I was there for a visit I was amazed by the amount of real estate for sale. I sure hope it recovers soon!
price . . the best marketing tool know to man. .
Good post Russ. Many people do not listen to their realtor, or to anyone else for that matter. I am glad to see you are not going to waste time with sellers who are not living in the real world. Good luck and have a great summer. -Ray
Russ - Good advice. Homeowners in Northern Virginia are beginning to understand - the majority of our listings are ashort sales and foreclosures, Karen