There are many great Austin area homes for sale. Click here to perform a full home search, or if you’re thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today’s market. You may also call me at (512) 616-4100 for a FREE home buying or selling consultation to answer any of your real estate questions.
How the market is doing is a key component to selling your house. In order to get the most out of your home sale, you need to have a good understanding of what conditions are like. The question is: What do you look at to determine the health of the market?
The first thing we do is analyze the supply and demand. We take a look at active listings and compare them to listings that are pending. This is a quick way to get an idea of how fast your home will sell when priced at market value.
Unlike many other agents, we do a significant amount of research to determine the market time and the market value of a given home. The active inventory is what you’ll be competing against when you decide to list your home in the future, the pending inventory indicates what is going on in the present, and data on sold homes is what happened in the past. We look at all this information to determine exactly what your home is going to do once it hits the market.
The inventories in our area change weekly. Every week, I take a look at the MLS to get an idea of what’s happening in our market. It’s not always predictable – as we’ve learned over the past few years, the market is constantly shifting throughout the year.
If you’re not studying the market on a weekly basis, you may be in trouble. There’s no better way to give your competition the upper hand than by being ignorant of the market.
If you’re not familiar with the data, you may be positioning yourself completely outside the market. Buyers are always going to buy the house in the best condition for the lowest possible price – if you’re not comparing yourself to the market, you may not stand a chance getting your home sold at the price you want.
If you want a detailed analysis of your home or would like help getting the highest price in the shortest amount of time, give us a call. We would love to help you accomplish your selling goals!
