Market Value for your House

Last summer your neighbors may have put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action. How can that be?

The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly.

You can count on The Romanski Group at Keller Williams Realty for sound advice on what phase the market is in right now.

For a Local Market Update contact us today...
The Romanski Group
Keller Williams Realty
(765) 807-7121 direct
erinromanski@kw.com

See all listings in the Lafayette MLS at www.RomanskiGroup.com!

Pricing Your House To Sell

Pricing a house is one of the most important parts of the marketing process. You want to get as much for the property as you can, but if you set the price too high, you can turn away qualified buyers. Your real estate agent can tell you the selling price of homes comparable to yours. Pricing strategy depends on market conditions, and it is different in a buyers' market than it is in a sellers' market.

If your home is overpriced, the marketplace will reflect that to you. When a property fails to sell in a reasonable period of time, you and your real estate agent should have a frank discussion to determine whether too high a price tag is the reason. Your real estate agent will also be getting feedback from other agents who have shown your home.

Remember that price is only one factor. Consider ways you can make the property more attractive to show by handling needed repairs, improving curb appeal or making cosmetic improvements. Improve the condition of your home and you will improve its chances of selling.

Are you considering selling your home? Contact the Romanski Group with Keller Williams Realty today at (765) 807-7121 or visit us online to see all listings in the MLS at www.RomanskiGroup.com!


Erin Romanski and
The Romanski Group
erinromanski@kw.com - email

FOR SALE BY OWNER

Trying to Sell For Sale By Owner?

It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.

The first pitfall can come with pricing your property realistically. Homeowners often price their property too high initially, then drastically slash the price when weeks go buy without an offer. Even if a prospective buyer agrees to the initial asking price, there could be complications if the buyers begin to feel that they have agreed to pay too much, or if the lender's appraisal values the property at far less than the agreed-upon price. Some clients hire agents to market their home professionally after weeks or months of trying to sell their own home without success, or after their FSBO transaction fell through. The Romanski Group can provide for you a Home Selling Guide and information regarding the current market in Lafayette and West Lafayette and surrounding communities!


For a free market analysis of your home contact The Romanski Group today at (765) 807-7121

See all listings in the Lafayette MLS at www.RomanskiGroup.com!

Contact us today at Keller Williams Realty - erinromanski@kw.com

Real Estate Market Update for Lafayette and West Lafayette Indiana

Lafayette, Indiana and surrounding communities Real Estate Update

Thought it would be great to share as the market is pretty much in line with this time last year and actually has a higher % of listings sold for 2007...

Here are the statistics taken from the Lafayette Board of Realtors MLS comparing last September 2006 to this September 2007. Here's what I discovered...

Based on Residential Properties Only

Total Listed: 2006 / 410
2007 / 362

Number Sold and %: 2006 / 200 with 48.78% sold
2007 / 196 with 54.14% sold

Average Sales Price: 2006 / $132,206
2007 / $120,566

Sales Price/List Ratio: 2006 / 95.60%
2007 / 95.62%

Average DOM Sold: 2006 / 88
2007 / 89


Contact Erin Romanski with The Romanski Group at Keller Williams Realty with questions or concerns about the current market or your home's value - ask us about a free market analysis of your home.

The real estate market is alive and well and there are homebuyers actively searching for new homes.


Click here to see all of the homes for sale in the Lafayette MLS!

Visit us online at www.RomanskiGroup.com!

The Romanski Group
Keller Williams Realty
(765) 807-7121 direct