Sometimes Buyer And Seller Price Expectations Conflict On New Listings
Some home sellers decide they ought to round up their list price a bit because surely buyers will expect them to negotiate. This might result in a house worth $400K being…
Fewer City Home Sales, More County Home Sales In 2024 With Higher Prices All Around
Happy Thursday morning to you! The summer seems to have flown by, and soon school will be starting for many of us... as parents of K-12 students, as parents of college…
After X Days On The Market Without An Offer, You Should Consider Adjusting Your List Price
Solve for X... After X Days On The Market Without An Offer, You Should Consider Adjusting Your List Price Arguably, X varies based on the property location, property…
Most Homeowners Make Home Improvements For Two Reasons
Whether you are finishing some basement space, remodeling a bathroom, or upgrading your flooring, most homeowners are making home improvements for two reasons... 1…
It Is Reasonable To Pay A Bit More Than Market Value If...
Most home buyers do not want to pay more than market value for the home they will purchase. If a home is worth $325K in the current market, then they would prefer to pay…
How Many Days Did It Take For New Listings To Go Under Contract
All new listings are not receiving multiple offers. All new listings are not under contract in a matter of days. But plenty of new listings are going under contract…
All Homes Are Not Appealing To An Equal Number Of Home Buyers
There are many more home buyers in our market who can buy a $300K home than there are that can buy a $500K or home or a $800K home. But... we can't over generalize and…
What Is Median Days On Market Hiding These Days?
At first glance, homes are going under contract just as quickly this year as last year, as shown by looking the first six months of each of those years... First Half of…
Most Home Buyers Prefer To Close Within About 30 To 45 Days
How early should you put your home on the market? Maybe three or four months before you want to move out? Maybe not. Most home buyers these days want to be able to close…
Some Home Sellers Will Need To Be A Bit More Patient Now
For several years (most particularly 2020-2022) homes of every size, price and in every location would just FLY off the shelves. Ready to sell? No problem. There would be…
Midway Through 2024, Home Sales Are Increasing But Sales Price Increases May Be Slowing
Happy Thursday... and... Happy Free Slurpee Day! ;-) We are officially halfway through 2024! Wow! It has been a whirlwind of a start of the year... and a HOT start to…
Very Few New Homes Are Custom Built Homes These Days
When speaking of single family homes (not townhouses or duplexes) currently being built in Harrisonburg and Rockingham County -- most of them are not custom built homes…