Westchester/Putnam Quarterly Report ending March 31, 2014

In the first quarter (consisting of late Winter and early Spring 2014), the Northern Westchester real estate market remains “very hot” with offers; multiple offers and accepted offers that are close to asking and over asking price.  A key factor that is instrumental to this occurrence is a continued low inventory of houses for sale.

PONDER THIS…

                 I recently read an article in The Wall Street Journal Sunday Edition regarding real estate entitled, “Ten Things...Real Estate Agencies Won’t Tell you,” written by Jonathan Burton.  I would like to paraphrase a couple of pointers:

“Your home isn’t worth as much as you think.”

There are two types of home sellers:  Those who want more money than their house can fetch and those who refuse to back off that position.  Some agents won’t take a listing from a seller who wants more than what the market will bear.  Other agents aren’t so choosy.

“Another agent can make you more money.”

Sometimes, the way an agent prices a home can hurt an unsuspecting seller.  Some agents overprice a home to get the listing - sellers love to hear that their house is worth a lot of money - and then, the property sits and doesn’t sell.

On the other hand, an agent with a proven record of getting deals done at an attractive selling price- without overpricing a listing– is the kind of representation every seller should have.

Another key to selling your house is still pricing it correctly; showing its great value!

IF YOU DO THAT, IT WILL SELL QUICKLY AND FOR TOP DOLLAR!