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Tampa Bay Real Estate News

Blog by Tish Osborne
Port Richey, Florida

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Quick Sales in Slow Markets...

Jan. 16, 2008
Tagged with: quick sales

From the Florida Association of Realtors on 1/16/08...


An analysis of the real estate market in the Baltimore area shows that houses sell quickly in a slow market for the same reasons they do in a booming market. In November, when the average time on the market was 105 days, 13 percent of the 1,892 homes that sold in Baltimore and five surrounding counties had contracts in two weeks or less, according to data from Metropolitan Regional Information Systems Inc. Those 251 homes went from listing to selling in an average of seven days. They were typically older, three-bedroom, two-bath houses that sold at an average of $304,355 – about $4,000 under the overall average sale price. An analysis shows that fast sellers in a slow market have three common denominators:

• They’re priced better than comparable listings.
• They show like model homes.
• They have a full force of marketing, including enticing Internet photos, behind them.

Source: The Baltimore Sun, Lorraine Mirabella (01/10/08)

User Comments

1. RE: Quick Sales in Slow Markets...

Written by: Debbie DeCillis
Jan. 16, 2008
This information is so true!  We followed these guidelines when selling our home and it did sell very quickly.  The only mistake we made was trying to sell it ourselves, without a realtor, to save money.  The only thing that accomplished was delaying the sell, costing us unnecessary money for personal advertising.  When we handed the task over to Tish, the house sold right away.  LESSON LEARNED!  HIRE A GOOD REAL ESTATE AGENT!

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