In Michigan, as the first day of spring arrives, the real estate market starts to heat up. Timing, price, and appearance are the name of the game when establishing value in
real estate. When any of these three factors are jeopardized, the value of the property
diminishes. The Lasco Real Estate Group houses a team of experts to help you understand that factors that help you buy and sell homes successfully, with your goals and your finances in mind.
Let’s talk about it.
â—Ź Timing: It’s a known fact that unlike fine wine, the longer a house stays on the
market, the more it depreciates. In every market and in every neighborhood,
there’s an “Average Days On Market” figure that Realtors can access. When
properties linger past this, they become stigmatized and buyers want a “deal.”
So when showings are denied, offers are ignored, or the house is made
undesirable, listings linger longer than they should — and depreciate in value.
â—Ź Price: Buyers search for properties within the brackets they can afford. If a
listing is overpriced, it’s also overlooked, and therefore sits on the market (refer
to previous paragraph). When one party refuses to price the house according
to its value, or they refuse to sign off on price modifications to lower it when
the market necessitates a price correction, this causes the sale to lag — and
thus, depreciate.
â—Ź Appearance: Buyers who pay top dollar expect to walk into their dream home,
and that means it’s spotless, depersonalized, smells fresh, has plenty of natural
light, and is decorated like a model home. When they instead walk into a
house that’s dark and dirty, stinks, and is cluttered with the owners’ “stuff,”
most buyers turn and walk right out. For those who put in an offer, the appeal
is the price rather than the appearance. This means a lowball offer.
If you are a seller in Fenton, Linden, Lake Fenton, Grand Blanc, Holly or Brighton, looking in a subdivision, city or to buy a home on a lake, Lasco Real Estate Group should be the first call that you make. Our team can help you list your current home to sell, and find a new home to buy.
As a home buyer in Fenton, Linden, Lake Fenton, Grand Blanc, Holly or Brighton, you need a real estate agent that has the time, experience and resources to help you secure the perfect property in a fast paced market. The Lasco Real Estate Group has many realtors that can help find your perfect match.
If you are thinking of selling your home in Fenton, Linden, Grand Blanc, Clarkston, or Holly, Michigan, call us today to get started.
Jennifer Lasco
owner/broker
Lasco Real Estate Group
Posted by Jennifer Lasco on
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