Are we in sellers’ market in Bowie
Maryland?
We get Results - Call Keji @ 301-613-2043
Are we in sellers’ market in Bowie Maryland? Yes, but like the
saying goes “all real estate market is local”, but definitely in Bowie Maryland
we are in sellers’ market as houses are getting multiple offers within few days
in the market.
A detached house in Bowie zip code 20716 that my team listed for sale on May 15th, with the
first showing on May 17th had 26 showings by May 21st. By
May 22nd, just five days of showing, we received multiple offers
well above the listing price!!!
An open house scheduled for May 21st had over 20 visitors and this
was on a raining, cold Saturday. Even
with the inclement weather, it was a very successful open house.
For a seller to get offers quickly in any market, and especially in
a “sellers’ market” here are few tips!!!
1- Price: The most important factor in selling or buying is
pricing, the buyers determine price not the sellers. While the market is hot
right now with lots of buyers looking to buy, buyers are not going to over pay,
while there are comparable houses in the market with better price. So it is very
important that pricing is within what market can bear!! We were able to get
offers quickly because we advised our client to price the house competitively
as compared to other homes within the area.
If you have a house in the market in the Bowie area for over 30
days with little or no activity, it is time to re-evaluate your pricing
strategy.
2- Condition:
Competitive pricing will bring buyers in, but condition of the house will make
them stay. Our client’s house in Bowie
had to be freshly painted and other little items taking care of before we can
start marketing for showings. We advised the seller on items that needed to be
taking care of before we allow buyers in to view the house. While some of these
items are just a few dollar fixes, they tend to be exaggerated with buyers and
as such if we want to keep buyers interest once they stepped into the house we
need to make the condition attractive.
If you have a house for sale in Bowie MD
area that is getting activities but no offers, the condition may be turning off
potential buyers. We provide list of quick fixes under $100 to generate quick
sale- Get the list here.
3- Accessibility: It is a sellers’ market but buyers have to
view to make an offer. Making a house for sale easily accessible is paramount
in any market. Showing restrictions is a turn off for many buyers’ agent
especially when other homes in the area are easily accessible.
To make showings easy we installed electronic
lockboxes for all houses we have for sale, use showing service that will
promptly confirm agents showing via text or email.
Some restrictions that may hinder getting your
house under contract quickly are: appointment required (with no specifics), 24
hours notice required, showing contact not picking up calls for appointment or
calling back quickly to confirm appointment, no lock boxes, pets not secured at
property, seller must be home to show. All these are hindrances that make
houses linger even in a sellers’ market.
The showing systems we use is not dependent on
our team members picking up their phones, buyers’ agent have option of making
the appointment online and is often confirmed within minutes of making the
request. Agents also have the option of calling our 800 number to talk to live
person that will confirm showing quickly as well.
Are we in a seller's market in Bowie – Yes! Are we getting more than full
price for houses we have for sale? - Yes!! If a seller is not getting this same
result, now is the time for them to re-evaluate selling strategies and get to
sold fast!!! Find out some of our strategies we use to get more for our
clients!!!
Bottom Line
Buyer demand is increasing as the inventory of homes
available for sale remains low. If you are thinking about listing your
home for sale this year, let us meet so we can help you take advantage of
current market conditions!
Thinking of
Selling? Let's Talk We Can Show You How We get Maximum Price Guaranteed.
Keji & Associates of Fairfax Realty is a team of
licensed agents working daily to get homes sold for our clients in all
parts of the metro area. We delight our clients by delivering world class
service every step of the way and we strive to create a win-win situation this is
all part of our values and beliefs. Contact us @ 301-613-2043, visit
our website www.metrohomesrealty.com