How Long Will It Take?

After figuring out the Fair Market Value of your home --- the next question is usually "How long will this take?". The answer to that is unknown, but your Realtor can give you their expert opinion based on the average time on the market in your area.

I chose three similar areas where I work ---- and the average Days on Market until a contract is accepted is 75 days* (including homes that sold from March 1, 2010 to November 12, 2010).

However, there is much that goes into how long it takes for a buyer to make a move on a home.

- If the home is overpriced ---- it will most likely sit until the price is dropped.

- If the home is not prepared to show to buyers ---- the buyers will lean towards all of the other homes that are for sale in this market. They'll put a new kitchen in if it is outdated, but they will want a "deal" on the purchase price.

- Local conditions play a big factor in home selling. If the local economy is adversely affected due to business closings, disaster, etc ..... you may expect less buyers looking for a place to live.

The important thing here is to be realistic. In today's world, we want things fast. Waiting 5 minutes for a hamburger from your local fast food joint is too long, isn't it?

Once you understand how long the home selling process may take --- you will be better prepared for the move and there should be less stress. That's a good thing!

*Statistics from Central Penn Multi-List

Land, Views, and Garages

In today's hectic world, a number of people are looking for some room to breath and relax. This might mean a house on a couple of acres. It might mean mountain views. It might mean a giant detached garage w/ it's own furnace. Sometimes, with a little luck, you can find all of those things in one location .

Warm Up -- Add Value --- Get Money

Save some big bucks on your heating bill and get $300 credit from the federal government if you install a wood burning fireplace insert by the end of 2011. Read all about it here . You may not be ready to sell now, but when you do --- it's a good idea to have a leg up on your competition. Most people prefer to have an alternative heat source. Many of us found that out over the weekend during the "Halloween Snow Storm".

Housing Shortage or Thought Scarcity?: A Common Sense Proposal

Photo by Roberto Nickson from Pexels With low inventory, BOTH buyers and renters are having a challenging time getting into a home. A solution, one would think, is creating more available homes. A gut reaction would be to build big developments, with large homes or maybe a condo complex. But what if you could build a home on your current property and rent it out? I see small towns around me push back, and a common reason is "parking" . Meanwhile, a quick drive down their streets will show plenty of parking. And get this, the people that would shop in the now almost empty stores in their town wouldn't need to drive there - they would walk. Another pushback I hear is that a new structure will create too much non-permeable space . It's always an interesting thing to hear from a sector that listens and smiles - but does nothing - when I talk about clean water bills, riparian buffers, and other common sense solutions to a healthy local environment. The more I learn a...

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