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Hello,

We are Joseph and Laurie, the owners of Family Realty and this is our Real Estate Blog. We appreciate you taking a minute to stop by and read our daily thoughts! Within you will find that I have some pretty interesting thoughts on a variety of subjects, especially real estate!

 

Aug 31, 2006

Real Estate Market

Sellers's dont fear. You're house will sell in this market, however your pricing expectations must be appropriate for the current market. Your biggest competition is not from existing re-sale homes, but rather from new home construction. They are really driving the price now! Many builders have reduced the price of their homes in the 20% range. I would advise now more than ever to ensure that your agent has a true marketing plan to sell your home, not simply placing your home in the MLS. What is your target market? What is the value propositon? ( What is the financial picture of someone who will purchase your home)? How will you reach your target market of buyers?

Good Luck