Two of the most common questions we receive at AgentHarvest is “how is the real estate market doing in my area” and “at what point in today’s real estate market should I sell my house?”  Depending on whom you ask, answers may vary.  Ask a real estate agent and they’ll all say “NOW!”  If you read the press releases from the National Association of Realtors, you’ll detect a “glass half full” optimistic spin on the market whether it’s going up or down.  If you read the newspaper or watch the news, they love to put a negative spin on it because disaster stories make great news, even if they have to sensationalize it a bit to increase ratings.  All three venues have their own motivation for their slant or spin so who should you believe?   ME of course!
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The real estate market fluctuates every year regardless of the state of the economy or the current condition of the real estate market.  These cyclical fluctuations have traditionally fallen along the seasonal calendar year.  Spring and summer are the best times to sell, fall is okay and the winter months are usually the slowest time of the selling season.  Another way to look at this cyclical selling season is by comparing it to the seasons of flowering plants and convertible cars.  The time of the year to sell your house is when plants are blooming and pretty, and when you have the urge to drive around in a convertible. Continue reading » »

Beware of the Inflatable Realtor

A real estate agent that inflates a list price beyond reality just to get the listing is deceptive and may be harmful to the sale of your house.  The deceptive practice of inflating the list price is effective because the client wants to hear that their house is worth a high price.  Bad agents are more than eager to feed into this delusion.  Good agents base their suggested list prices on real conditions so they will be lower than an inflated price.  If you want to get the most for your house, and everybody does, you’d naturally pick the real estate agent with the inflated price.  Now you’re falling victim to the Inflatable Agent’s trap.
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Due to the anti-real estate agent sentiment and the promise of saving lots of money, selling as a FSBO seller has never been more popular.  Over the past 10 years, selling the home yourself, or FSBO (For Sale By Owner), became popular and marketing companies selling FSBO kits and promotional materials have quickly cashed in on the craze.   Internet shopping for homes has increased in popularity and it’s much easier now for the do-it-yourself home seller to promote their own house.  But I don’t think that’s the reason FSBOs became popular.
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No matter how bad the market becomes, there will always be buyers and sellers.  Make sure that you fall into one of those categories.  If you are getting ready to list your house, there are several things you can do to ensure that your house sells as soon as possible for as much as possible. Continue reading » »