For the last year, the Exeter area real estate market has seen a dramatic drop in inventory. There are more buyers than there are homes, which has resulted in a very active market. In fact, since January 2017, 63% of the homes in Exeter priced between $500,000 and $800,000 sold within 30 days of being listed, at 99% of asking price. 21% of the homes that sold in more than 120 days sold at 95.5% of asking price.
In other words, you are losing money the longer your home sits on the market. You lose because, statistically, the home is going to sell for less than asking price and buyers tend to get suspicious the longer a home sits on the market.
You also lose because of the carrying costs for continuing to own the property: property taxes, ongoing maintenance, electricity, gas or oil to keep the property heated and/or cooled. Not to mention the hassle of keeping the property in “ready to show” condition for weeks or months at a time.
Want to know how to get your home sold quickly and optimize the return on your home investment? Give me a call.