The cost of overpricing your home in a declining market is REAL!  For the last few years I have seen homeowner after homeowner lose money because they did not price their home correctly from the start.  In this video, I will show you the market statistics that prove this to be true for the Atlanta housing market.

In 4th Quarter 2010, homes in Atlanta went under contract, on average, in 120 days for about 84% of their original list price.  What is astonishing is the differences between homes that were priced correctly and those that required a price reduction to sell.  If the home owner priced the home correctly, they were, on average, under contract in 28 days.  Compare this to homes that were not priced correctly which took between 103 and 303 days to get a contract.  OUCH!  That is nearly a year!!!!

If you would like to know what you need to do to avoid losing money AND get your home sold in 30 days then send me an email at Connie@LivingInCobb.com or give me a call at 678-631-1812.

Information courtesy of Chart Master Services.

Did you know that pricing your West Cobb home at a lower price can actually help you make more money? Strange as it may sound, this is oftentimes the case here in West Cobb and Atlanta.

Here is what I know. We are experiencing a Buyer’s Market in West Cobb and Atlanta. In the fourth quarter of 2010 there were 10 sellers (supply) for every 1 buyer (demand)! Let me ask you a basic economics question…According to the Law of Supply and Demand, when supply exceeds demand what happens to prices?….they go down…exactly.

Because we are in a declining value market, it is more important than ever that you consult with an agent who is experienced in pricing homes. Why? Because if you miss the price you will end up losing even more money (and time) languishing on the market for up to a year (or more in the higher price ranges).

In this video, I will show you actual statistics showing the cost of overpricing. Please share your comments, concerns or opinions.

If you would like to know what you need to do to avoid losing money AND get your home sold in 30 days then send me an email at Connie@LivingInCobb.com or give me a call at 678-631-1812.

Information courtesy of Chart Master Services.

The median days on market of homes in West Cobb County, Georgia declined in 2010 compared to 2009 and 2008.  In my opinion there are four primary reasons that homes are selling faster.

1. Agents are either getting better a pricing
2. Homeowners are getting real about the value of their home
3. Banks are adding aggressively priced inventory to the market
4. Buyers are realizing the opportunities in the West Cobb market and are starting to buy more homes.

In this video, I will present the most current information available regarding Median Days on Market*in West Cobb. County, Georgia.  What are you seeing in your market?

If you would like to know, more specifically, how long it taking to sell homes in your neighborhood, call Connie at 678-631-1812 or send her an email at Connie@LivinginCobb.com

*Median Days on Market is the number of days it takes from the day it is listed with an agent to the day it goes under contract.

Information courtesy of Chart Master Services.