Selling Your Property – Tips02.03.09

Parting with your property can bring lots of fun and excitement but it is also hard work.

You need to first fix up all those small problems that you have ignored for many years. You also need to decide if you are going to sell it by your self or to make use of a professional real estate broker. The transaction will take time, and will depend greatly on the local real estate market.

Some mental and emotional preparation is needed too. Are you looking forward to moving up to a new dream house or facing the uncertainty of a major move across the country? It might well be hard leaving the memories behind or you might be keen to start a new life without the house you have lived in the last chapter of your life.

To keep your feelings under control concentrate on the multitude of practical matters that need your attention.
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Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months11.01.04

On average, the length of time required from real estate listing to contract has increased dramatically in the U.S. in the past six months, according to HouseHunt’s latest national “Current Market Conditions” homes for sale activity survey. Seventy-five percent of respondents said it is now taking more than 30 days. Of that figure, 30% said it is taking more than 60 days.

Three months ago, 52% of survey respondents said the average time on the market required for a home to sell was more than 30 days on the real estate market. Six months ago, only 35% said it was taking more than 30 days as buyer frenzy continued unabated.
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