Selling A Home In An Under Supplied Segment Of The Market
Scott P. Rogers
Nobody needs to feel bad for a seller of a home in an under supplied segment of our local housing market. After all, they are likely to sell their house quickly, and for more than the list price.
But...it's not all sunshine and roses...
2. These sellers practically ought to go on vacation for a few days as they are likely to be run out of their house from sun up to sun down with showings.
3. When the offers start pouring in, with touching introductory cover letters and heartfelt pleas from buyers to accept their offer, sellers will quickly realize that by saying "yes" to one buyer they will be saying "no" to quite a few others.
On the bright side, though...
1. These types of homes are likely to go under contract quickly, ending the constant parade of buyers through the house.
2. The lucky winning buyer is likely to be gentle on any sort of repairs request as there will likely be multiple alternative buyers waiting in the wings if the primary buyers do not want to move forward based on the home inspection.
3. Homes in an under supplied segment of the market are likely to sell for more than the list price.
So, it's not all good, but it is certainly NOT all bad to be selling in an under supplied segment of the local housing market!
