Coco, Early Associates/Salem

Home Selling Tips: Monitor the Housing Market

by Marion White 02/11/2019

For those who plan to list a house in the foreseeable future, it often is beneficial to track the real estate market. By doing so, a home seller can identify real estate market patterns and trends and quickly address any potential property selling hurdles.

Now, let's take a look at three tips to help you analyze housing market data so you can accelerate the property selling journey.

1. Review the Prices of Recently Sold Houses in Your Area

Check out the prices of recently sold houses in your city or town. That way, you can find out whether sellers are accepting offers to purchase at or above their initial home asking prices.

Furthermore, it may be a good idea to see how your house ranks against recently sold residences. With this housing market data in hand, you may be better equipped than ever before to establish a competitive initial asking price for your home.

2. Determine How Quickly Houses Are Selling

As a home seller, you should find out whether you're preparing to enter a buyer's or seller's market. If you look at how quickly houses are selling in your city or town, you can distinguish a buyer's market from a seller's one.

In a buyer's market, you will find many sellers and few buyers. Conversely, in a seller's market, there is an abundance of buyers and few sellers.

The differences between a buyer's and seller's market are significant. If you understand whether you're getting ready to sell your home in a housing market that favors buyers or sellers, you can determine how to price your residence so it will generate plenty of interest from buyers. And as a result, you may be able to streamline the home selling journey.

3. Assess the Prices of Homes That Are Similar to Your Own

Your home may be one of many available to property buyers. Thus, you should review the prices of houses in your city or town that are similar to your own. This housing market data will help you narrow the price range for your residence.

Also, you may want to review rival home sellers' property listings and see how these sellers promote their residences to prospective buyers. Because if you can find ways to differentiate your home listing from competitors', you could boost the likelihood of a successful house selling experience.

As you prepare to add your house to the real estate market, you may want to hire a real estate agent as well. A real estate agent will offer recommendations so you can enhance your residence both inside and out and help you establish a competitive initial home asking price. Plus, a real estate agent will help you review an offer to purchase your home and determine the best course of action.

Take the guesswork out of selling your house – use the aforementioned tips, and you can monitor the real estate market and use housing sector data to simplify the property selling journey.

About the Author
Author

Marion White

As a full-time and results-driven REALTOR, with high expectations for myself, I am committed to helping you buy or sell a home.  I thrive on goals, challenges and results.  My effort, determination and commitment will remain steadfast throughout the process.  I have 21 years of Residential Real Estate experience.  I have been a resident of Plaistow, NH for 43 years with 2 Children and 3 Grand Children, I enjoy the game of Golf as a player and spectator as well as Football and Baseball.  I carry a multi-faced background and professional approach to Real Estate.  My professional affiliations include:

     *New Hampshire Association of Realtors

     *Granite State South Board of Realtors

     *Northern New England Real Estate Network (NH MLS)

     *Massachusetts Property Information Network (MA MLS)

     *Showcase of Homes on Realtor.com

Welcome to your resource for your southern New Hampshire, Rockingham County and Essex County Massachusetts real estate needs! If you are seeking a licensed REALTOR® that provides professional representation and a high caliber of service, I specialize in providing customers/clients with personalized service in finding both a home and a community that meets their needs. Whether you are a first-time Home Buyer, Relocating or Purchasing or Selling, I welcome working with you!  That means finding the exact home you're looking for, or selling your home promptly and for the best price. It means not having to worry, even if you're new to the real estate arena, or if you're moving thousands of miles away.

You need an experienced professional. I will put my knowledge and experience to work to help you make your move pleasant one. Make your choice wisely. The agent you choose will help you make many important decisions. No one will work harder or more professionally.  Effective at communicating, marketing, negotiating and selling real estate for clients,  As a full-time REALTOR®, and long-standing resident of New Hampshire, I am committed to achieving your real estate objectives and goals with the highest professional standards. I take great responsibility in the your most important financial investment with me 

With 17 years of Residential Real Estate experience I believe in keeping my clients well-informed throughout the real estate transaction, in order to allow you to make informed and educated decisions. I make myself available to my clients by phone, e-mail and text, all calls or correspondence are returned promptly.

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Marion J.White,  Licensed REALTOR® New Hampshire & Massachusetts, Coco, Early & Associates 

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