Your Home's Value Fixes That Pay Off

The Wow Factor Agent Standards

Tough Love Sellers Home Page

Home Seller Advice    June 2010                                              Daily Real Estate News

 

May Sales By Price Below is a chart showing number of sales by price, and how long on average they took to sell. This represents the entire Lake South area, including Lakeway, Bee Caves, Spicewood and Briarcliff.

Price Range Quantity DOM   Price Range Quantity DOM $149,999 or under 4 71   $500,000- $549,999 5 138 $150,000- $199,999 12 133   $550,000- $599,999 3 106 $200,000- $249,999 14 87   $600,000- $699,999 5 53 $250,000- $299,999 11 155   $700,000- $799,999 2 32 $300,000- $349,999 11 65   $800,000- $899,999 3 85 $350,000- $399,999 11 113   $900,000- $999,999 2 88 $400,000- $449,999 6 68   $1,000,000 or over 2 205 $450,000- $499,999 4 9   Total: 95 60

April 2010 Statistics from the Austin board of Realtors

• $485,772,282 – Total dollar volume of single-family properties sold, a 33 percent increase from April 2009.
  
• $190,700 – Median price for single-family homes, unchanged from April 2009.
  
• 2,043 – Single-family homes sold, a 31 percent increase from April 2009.
  
• 10,749 – Active single-family home listings on the market, a nine percent increase from April 2009.
  
• 2,813 – Pending sales for single-family homes, up 47 percent from April 2009
  

While this seems very encouraging, since the end of April the activity in the market has gone back down. The First Time buyer Tax Credit was the motivating factor during the first quarter 2010 but now that it's over, number of sales has dropped by about 30%. In the Lakeway area the entry level price point has gone up by about $25,000 due to the increases activity but it remains to be seen if it will hold. Lake view and lake front properties continue to sell well.  Presentation and condition are more important than ever to stand out in this market.

 

 

THE BASICS How to Sell A House

Price Be realistic. Your neighborhood determines the range. The condition, upgrades, view, location determine if your home will sell at the top, bottom or middle of the range. Presentation Clean, uncluttered, well maintained homes sell first. Depersonalized and staged to appeal to most buyers.

Access  In our area electronic keybox access with little or no notice required is the norm. Anything less will greatly reduce the number of showings. Let Go  You must mentally transition from “this is my home” to “this is a house I am selling”. It usually happens naturally as you pack up personal items and stage the home. I have personally witnessed the power of this step many times, as well as the delayed sales where one or both sellers were not ready to let go.

 

SELLERS- Hire an Agent Who Makes Selling Your Home a Priority

Helping you get the highest price for your home is my primary goal. Over the past 19 years I have helped hundreds of people sell a home.  If youchoose to work with me as your listing agent I will use all of that experience and knowledge to your benefit.
From preparing your home to sell, to negotiating a contract and closing, I will be looking out for you and advising you.

I only carry a few listings at a time, so finding a buyer for your home is a priority every day, and I won’t rest until it’s done!
In addition I will:

• Advertise your home prominently in local media as well as on more than 25 internet sites, where over 80% of buyers begin their home search.
• Help you set the highest price that will attract the greatest number of potential buyers .
• Advise you on what changes and improvements will be most cost-effective.
• Help you evaluate offers and negotiate strongly on your behalf.
• Manage your transaction from start to finish, coordinate with the other parties involved and communicate the progress to you.
• Whether or not you have already relocated I will take care of all the details so your house is the last thing you need to worry about.

Contact Pat about selling your home

 

Tips For Selling in a Buyers Market