Buyer's or Seller's Market?

Buyer's or Seller's Market?

Is this a buyer's market or a seller's market. To a degree the answer is contingent on three basic factors; the price, location and condition of your property.

The price will determine which buyers will actually consider your property. Very few buyers will take the time to look at properties beyond their price range. Most buyers have a predetermined maximum price they will spend and will look at a number of properties before adjusting that price.

The location is a key factor in determining a market price. There will always be locations that will sell quickly and then there are those that need an extra measure of effort to sell. This is especially emphasized in today's changing market. A study of the recent market trend in your area will clearly show how your location is being affected by the recent changes in the real estate market.

The condition of the property is the great equalizer. A property in poor condition will have more diffiulty showing and selling in any area, than a property that is clean and updated . With the increased use of the Internet buyers now have the opportunity to access and compare properties side by side in the comfort of their own home. With the expanded sophistication of today's buyers, the demand for both exterior and interior pictures is on the rise. Many of today's buyers want to know the condition of a property before personally viewing it. In today's market it is extremely beneficial to improve the condition of the property before marketing it.

The combination of these three factors help create a market price for the property. Each property requires an individual study.

The best way to determine the market value of your property is to arrange a personal consultation with a professional. By placing a call we will schedule a direct meeting in your home. This meeting will include a tour of your property. During this time you may present any questions you may have regarding the selling process. If you are interested we can then prepare a study on similar properties in your area which will help us determine the current market value. This study will give us an indication of how quickly or slowly other properties are selling in your area. In addition to that, this information will also help us to determine the amount of equity you have in your currant home.

These services are free of charge and this information is a valuable resource you can use in making your decisions.