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Tom Lyons
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Want to sell your house in 2011? |
Information for home sellers who may want to sell their home in 2011. Thank you for reading.
Tom Did you try, unsuccessfully, to sell your home in 2010? If your house did not sell, do not feel bad. In the Tri Valley area there were approximately 600 homeowners who tried to sell, but didn't in 2010.
That's right 600 houses did not sell.... these are difficult times for homeowners who want to sell. Here are some of the cold hard facts that homeowners need in order to make the tough financial decisions about their house.
Houses sell for current market value, which is described as what buyers have paid recently for similar homes. The prices of houses go up and down strictly based on supply and demand statistics; supply being how many homes are available, demand being how many houses have sold in a given period of time. If your home did not sell it's a strong indication that the market, and the buyer were not accepting of your asking price. Plus, unfortunately, house prices took a little hit, or dropped in value, during the latter part of 2010. So it may be that your house is worth less today than it was 6 months ago.
4 months supply is considered a balanced market. Less than 4 months supply is a sellers market; house prices go up in a sellers market. More than 4 months of supply is considered a buyers market; house prices go down in a buyers market. Click here to see how the Laws of Real Estate Prices affect the value of your home.
In our Tri Valley area for the Fall of 2010 ... their was an average of 3-4 months supply of houses available for sale. What does that mean for you ... especially if you'd still like to sell your home? By now, if you've tried, unsuccessfully, to sell your home in 2010, you're aware that buyers do not make written offers on houses that they think are overpriced. Buyers only make offers on houses that they feel are a good value for the money. With hundreds of houses available for sale in each Tri Valley city, a serious buyer will bypass your home if they think that it's priced too high. They'll go buy another. They have plenty of houses to choose from. Then there is the issue of the banks and the buyers appraisal on your house in order for your buyer to get a loan. Bank appraisals are very tight as the banks are not willing to stick their necks out and take much risk so they are very careful about the appraisals. And yes, the foreclosure down the street that just closed does affect the value of your home, unfortunately.
My real estate team is here to be of service to you. We specialize in selling houses for top market dollar value . If you'd still like to move, I encourage you to contact us sooner ... as opposed to later. We'll be able to sell your house for more money if you contact us sooner. For your information we are also experts on handling short sales, strategic defaults, and loan mods as well. Real estate expertise for tough economic times.
Thanks for your time.
Click on the links below for additional information on how to get your home sold for top dollar!!
Reasonable Commission Rates!!
Tom Lyons
925-216-1105
We tried to sell our house for 6 months earlier this year. Our house was on the market forever. Our old realtor told us that it was a waste of her time to hold an open house since no one was buying. Tom Lyons showed us how to sell and get top dollar. He sold our house in 14 days. Great service, tremendous knowledge. Thanks for your help!
****Sherri and Mike **** Livermore **** 10/09
Tom showed us facts on why our house did not sell with our previous realtor. 21 days later, we were packing! We could never have done it without you. Thanks a million!!
**** Terry and Gladys****Dublin **** 9/09
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