Key to Selling in a Down Economy:
For those that need to sell a home at this time we thought we would offer some tips. In Mesquite NV selling homes right now it not easy and buyers are golden.
So what is going to keep a buyer to stick an offer in on your home?
Realistic Price. We do realize that you are losing money at selling a home that you bought a few years ago we are in the same boat. Nobody likes to lose money. What you have to focus on is getting yourself into a better financial position . This is a situation we see often in Mesquite NV selling homes.
Condition of the Home. This has been at the top of the list for years and still is huge and should not be overlooked. Buyers that get a “good feeling” in a home are much more likely to put in an offer. Many of the homes buyers are looking at may be foreclosures or short sales, generally these homes are not going to be very nice and will need even more $$$ to fix them up after closing. “Keep it clean” is good advise to those in Mesquite NV selling homes.
Absorption Rate
Now for the good news for those in Mesquite NV selling homes… We are way better than average when it comes to absorption rate and time it takes to sell a home.
What is Absorption Rate? WikiAnswers says this:
The number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.There are currently 315 Homes, Townhomes and Condos for sale on the Mesquite MLS. We also know that Mesquite NV is averaging about 48 sales per month for the last 3 months.
Here is how we figure it the absorption rate:
On average it will take a seller 28 weeks to sell their home.
Keep in mind that this is for homes listed on the Mesquite MLS and the homes with Realistic Prices and Good Condition of the Home. This is great information to know for those in Mesquite NV selling homes.
This article was written Brandon Park of the Mesquite NV selling homes team of Bowler Realty. If you are thinking about selling let us help. We also can help answer questions about short sales and foreclosures in the Mesquite area. Give us a try and you will be glad you did!
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