Selling

Just In: July’s Market Report

The local real estate numbers are in for July, and you might say, “the pilot eased back the throttle just slightly.”

The market remained hot, with homes selling on average in just 14 days (less than half the time of a year ago) and for 2% more than asking (easing just a tad from the previous month).  Closings were down 4% from June and 7% from last July.  New Listings were up a bit. So when the dust settled, Inventory was up considerably from June but down considerably from a year ago.  Inventory remains extremely tight at 2498 units and a .7 month supply— whereas 7x that number would be nice.

So, bottom line, market activity eased from red, red hot to red hot.  But, regardless of the temperature, We’re busy making good things happen for buyers and sellers.    

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An Attack on Private Property Rights

As you may have heard, despite the US Supreme Court has issued a stern directive not to do so, the Biden administration extended the moratorium on evictions.  (And make no mistake about it, this isn’t a partisan issue.  After all, it was the CDC under Trump who started this.)  The moratorium has been in place for 18 months and will now continue through October 3.  Hmmm, maybe.  We’ll see.

And all this time, mom n’ pop owners of rental properties have been without income—no money in.  BUT lots of money going out.  Think property taxes, insurance, utilities, lawn mowing, repairs, and more.  How’s that work?  It doesn’t.  It’s that simple.  It doesn’t.  One of my clients had a duplex.  Neither side was paying.  For six months or more.  When they finally vacated, the one side left a $10,000 cleanout and repair job for my client to pay.

The moratorium pretty much guarantees that only corporations like the ones I wrote about last week can afford to be landlords.  This is an attack on private property rights.  Enough is enough.  It’s time to let your elected reps know that they need to be protecting private property rights.  Do it now.

You Get What You Pay For

“What is your rate to sell my home?”

Naturally, after the typical “Sales Pitch,” a prospective client wants to know – What is my rate to sell their home? This is where some agents may start to stumble, and the conversation gets a bit uncomfortable. For me, not so much. I am pretty candid with prospective clients. Of course, you can find someone to sell your home for less and they will do less. I have been doing this for a long time (over 40+ years of experience), and I am confident in what I bring to the table. (Did I mention that 74% of my business comes from prior clients?? There are good reasons for that.) 😊 Click here for our Reviews

Though you may be wondering What’s Less —>>>

  • Marketing ads may be incorrect
  • Photos are less than desirable
  • Phone calls are not returned
  • Lack of skill/experience to work offers for maximum profit
  • Lack of knowledge what to fix, what not to
  • Inferior input on pricing
  • Not coaching you thru the entire process

With just the subpar marketing alone, you will have less traffic – meaning Fewer People seeing your home, which equals fewer competing offers. And then tack on the lack of experience to work the offers you do get.

BOTTOM LINE is MONEY WILL BE LEFT ON THE TABLE.

Who wants that??? Give me a call at (317) 625-0655 to hear what we can do for you!