Home Sellers slashing prices means it is still a good time to buy Real Estate

Trulia announced this month that 1/4 of every home listed as FOR SALE in the United States have slashed their asking price at least one time, by an average of 10%, with some of the largest cities in the U.S. seeing home prices slashed by 30% or more!

The number of homes FOR SALE is at a higher number than in previous years, and is climbing, due to more FORECLOSURES and SHORT SALES coming on the market, with another wave of Foreclosures on the horizon.

All of this means it is still a good time to purchase Real Estate, with Interest Rates still at historic lows and with sellers asking prices being lowered.

What does all of this mean, if you are a Seller?

Start the sale of your home out right!

Start with the right price to begin with and so beat the competition in getting buyers to write offers on your home.  Ask your REALTOR(R) for a list of recently SOLDS in your immediate area and then price your home 2 or 3% UNDER the lower priced homes on the list ... more if you are desperate and have to sell your home immediately.

Giving buyers incentives ... such as new paint or carpet allowances at the close of escrow ... is another way to make your home stand out from competing homes in your market.

And remember to call me for help in getting your home SOLD!

For your free, no obligation market analysis to see what prices homes are selling for in your immediate area, call:

LeeAnn Bell, REALTOR(R)  ...   661-309-2364

or email me at:    SantaClaritaRE@gmail.com

  DRE License #01260650

To read the Original TRULIA Article in full, click HERE


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(c) 2010 LeeAnn Bell

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