During the past two weeks I have been going through the records of sellers that had their properties listed for sale in 2010, but they never sold and expired off the market. I went through 7 of them in Cornelius, NC and these were my results:
2 listing appointments made
2 still active listed in the MLS with a different Realtor®
2 sold in 2013
1 bad phone number
While I was doing my homework for each potential seller, I compared the market analysis with today's values to their values in 2010. Each of the respective homes are both waterfront on Lake Norman and have over 3500 square feet of living area. The results on both of the homes showed the values were about the same as their asking price was in 2010. So lets be real! The listing did not sell 4 years ago because they were overly optimistic about pricing. Probably from when things were too great a few years beforehand. Well its probably a good thing the property did not sell. Listing the home NOW might be able to make you more money!
More sellers may be able to realize a higher NET in today's market than what they had expected 4 years ago. The market has continued to improve with more and more people moving to Charlotte and Lake Norman area. You have also been paying down the principal on your mortgage during the past years. Interest rates are much lower as well so more buyers can qualify to buy your property! If you would like further information about real estate in Lake Norman Cornelius and receive an update on other homes that sold in your neighborhood, call The Petit Home Team! Striving for Excellence!!
Rob Petit, JR
www.PetitHomeTeam.com
While I was doing my homework for each potential seller, I compared the market analysis with today's values to their values in 2010. Each of the respective homes are both waterfront on Lake Norman and have over 3500 square feet of living area. The results on both of the homes showed the values were about the same as their asking price was in 2010. So lets be real! The listing did not sell 4 years ago because they were overly optimistic about pricing. Probably from when things were too great a few years beforehand. Well its probably a good thing the property did not sell. Listing the home NOW might be able to make you more money!
More sellers may be able to realize a higher NET in today's market than what they had expected 4 years ago. The market has continued to improve with more and more people moving to Charlotte and Lake Norman area. You have also been paying down the principal on your mortgage during the past years. Interest rates are much lower as well so more buyers can qualify to buy your property! If you would like further information about real estate in Lake Norman Cornelius and receive an update on other homes that sold in your neighborhood, call The Petit Home Team! Striving for Excellence!!
Rob Petit, JR
www.PetitHomeTeam.com
No comments:
Post a Comment