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Property still on the market?? Check your price…Check your price!

Property still on the market?? Check your price…Check your price!

2017 has been a great year for Residential Home sales along the FL Panhandle & especially on Panama City Beach!  For most of the year the inventory of homes & condos for sale has fluctuated as more Buyer’s have entered in the market.  This year’s first & second quarters saw many home listings hit the market at higher prices than expected!  Realtors and Sellers obviously knew something many others in the business had brushed off as a trend, or so they thought.  Low interest rates have really kept area residential home and condominium sales rolling, but there are those properties that take longer sell regardless of the available market.  These are the properties that are just overpriced.

Northwest Florida, as well as most of this great state has developed a very strong Residential and Vacation Property Marketplace.  However, overpriced inventories only hurt those trying to sell, and also hurt the market as a whole.  Is your property is still on the market? Let’s look at your price point, and re-examine it making sure it’s the difference!

For those looking to find a Buyer, pricing your property as close to true market value will get you the most showings & chances of people making an offer! Studies show that properties priced at 15% over Market will attract only 10% of those people out looking to buy, and 10% over Market will generate 15% of the Buyer’s to your listing. Pricing within the current market will gather nearly 60% of the Buyer’s who will look at property! The stats are just stats, but common sense tells us it’s probably true, and more so than we want to believe…

Changing your Realtor isn’t always the answer, but sometimes a new marketing approach will make the difference and generate stronger activity with offers!  The real estate market here in the Panama City Beach area is fantastic whether selling or buying.  Property prices have been strong, which has brought many of the areas better and more interesting properties to the market!  Remember, price is usually everything in Real Estate and always has been. Call Michael at 850-485-3667 to get started!

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Michael Monahan

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