In today’s ever changing real estate market, it is imperative that a real estate listing agent and his/her seller continuously re-evaluate the current market value of a home in a particular neighborhood.
Rosy and I had a listing in Pine Tree Estates that required a price reduction due to two other homes selling that brought the values down. Fortunately, we immediately met with our clients and advised them of the last closed sales.
As soon as we adjusted our asking price, we received a 100% increase in the number of showings from potential buyers. As a result of our readjustment, we put the home under contract in 2 weeks and closed earlier this month.
The moral of this story is that listing agents should be on top of all sales that effect the value of the listing. Real estate agents should not wait until the listing agreement is about to expire to advise the sellers to reduce the price. The agent is only hurting himself/herself as well as the seller. Today, the current average listing agreement is for 6 months. In this time frame, the market can change dramatically.
If you currently have your Parkland or South Florida home on the market for several months and have not reevaluated the price, it is probably necessary for you to speak with your Realtor to do so. Don’t be stuck on your price, or your home will not sell!
We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at or send us a message here.
To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a followup email.
Other Related Articles:
Parkland Real Estate Home Market Update September 2010
Being A Top Parkland Realtor Means Taking Care Of The Details
Parkland Parrot Real Estate Team Sponsors Concerts In The Park