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Due to the fact that it has a number of diverse locations and population that’s second to none, New York is indeed a very unique state. You will discover that a typical house can be priced around $300,000 in the upstate area of New York, whereas on the other hand the average costs for a condo or coop in New York City can hover around $2 million easily. Regardless of the New York neighborhood you live in , there are certain things you can implement in order to enhance the chance of your home being sold quickly. Following these actions could lead to a successful sale that can be done in a matter of weeks as opposed to some listings remaining on the market for up to a year.
Homes in New York City will normally stay on the market for about 60 to 120 days. In fact, home sales as of late have been moving rather quickly based on the seller’s market that we have been experiencing the last few years. Many home buying customers waited until after the real estate market crash to to start bidding on properties. With the reduction of home prices at the beginning of the rebound this environment created a tidal wave of buyers.
At that time with the real estate market starting to rebound and with the fear of mortgage rates increasing the speed at which homes were being sold remained fairly consistent. New York’s inventory tends to be low due to the fact that there is very little undeveloped land in New York City. Therefore, there is very little new construction when it comes to residential real estate. As a matter of fact, most times when new construction is going up it is usually being built in place of an existing property that has been torn down. This factor forces purchasers in many cases to go into what is termed as a bidding war for many properties. Under these conditions market prices of homes tend to increase as numerous offers are made on the same property.
Even though the market may be primed for a quick sale due to an excessive amount of potential buyers, that fact doesn’t ensure a perfect circumstance for every seller who wants to sell quickly. You might have the desire to sell your home quickly, but in order to get that done a number of things will have to take place. First the property will have to be noticed . Your real-estate representative will need to have some sort of marketing plan for the property. Today there there are several avenues available to real estate professionals for that purpose. These avenues include use of the local multiple listing service, for sale signs, print advertising and the one that’s most prevalent today Internet marketing. Today more and more Social network are being utilized to post listings information to the general public. Blog sites, email blasts and other Internet-based correspondence are also being used more and more to make the possibility of a quick sale a reality.
When it comes to marketing your property a process that’s being used more and more today is the creation of a virtual tour of the interior of the home. A virtual tour is when a video or a series of pictures of the property are taken that can then be produced into a video. Once created the video along with other pertinent information on the porperty is then displayed on the Internet for exposure of the property. This gives the potential buyer some idea as to the condition and looks of the property long before they even set foot on the property. This can be an effective marketing tool were basically the entire house is being shown 24 hours a day, 7 days a week, 365 days a year without being disturbed.
However, as a homeowner when setting up a virtual tour production there are a number of things you should do prior to shooting the property. The first thing you will want to do is to make sure that the interior of your home is absolutely spotless and clean. Do not under estimate the importance of this step in preparation. You will be surprised at how the camera will pick up the smallest of details. Something as small as dust will shop prominently on the video due to camera lighting.
Secondly, be sure to remove any and all personal items from view. Remember, once the virtual tour is produced and mounted on the Internet it’s going to be seen on a constant basis and the last thing you will want is to have people constantly viewing your personal items all over the web. It’s a fact that the better your house looks in the video tour the greater response of potential buyers wanting to view the property.
It’s been my experience that when it comes to homes being stuck on the market for an excessive amount of time it is usually for the same few reasons. First and foremost the house is usually priced incorrectly. Understand something, in this day and age a buyer will look at your home and simply go to the Internet and start comparing your home to others within the same price range in the same neighborhood. And if someone else’s home is priced the same or lower than yours but looks a lot better, guess who’s going to get the first offer.
Another factor that will come into play is how well have you kept the property. You will be surprised at the number of people who have done absolutely nothing to maintain the value of their property but they expect to get top dollar because other properties are going for the same price. If you want to sell quickly and be at the top of the price market your property has to look and be in the same condition as those properties that are going for top dollar.
As a homeowner there are things you can do to work with your agent in order to create a buzz of excitement around your residential or commercial property. Too many homeowners think that they are supposed to get a quick sale just because they want one. Don’t just throw the process of achieving a quick sale to chance. Take concrete steps with your agent to put in place specific factors in order to ensure your property will move quickly. Price it right, make it look appealing and fix or repair anything that in the buyer’s mind will enhance the appeal and value of the property.