As you consider the housing numbers in Williamson County, TN for April 2009, you might think about the real estate world's fine line regarding timing of the market. I often tell my clients...every property listing is unique...every Buyer/Seller is unique...and every transaction is unique. Timing is everything!
As the process for buying/selling takes place, it certainly is important to allow time for the details of the transaction to take place. Negotiation. Inspections. Title and Deed Preparation. Underwriting and Mortgage Funding. Our society has streamlined most everything, from picking up lunch at a fast food restaurant to the 10 minute oil change. Housing just does not work that way, nor should it. However, that's not really what I am talking about.
In most real estate transactions there are hundreds of thousands of dollars involved. Not timing the presentation of a house on the market correctly could result in a gain/loss of a few thousand...probably tens of thousands...depending on whether you are a Buyer or a Seller. The first day a home is on the market (DOM 1) is the day of highest visibility it will receive in its price range. In our internet driven world, all of the websearches and auto-notify programs find it that day. Yet, I consistently see listings come up DOM 1 with no photos, incomplete or inaccurate data, no property disclosures or copies of permits, etc.
As the process for buying/selling takes place, it certainly is important to allow time for the details of the transaction to take place. Negotiation. Inspections. Title and Deed Preparation. Underwriting and Mortgage Funding. Our society has streamlined most everything, from picking up lunch at a fast food restaurant to the 10 minute oil change. Housing just does not work that way, nor should it. However, that's not really what I am talking about.
In most real estate transactions there are hundreds of thousands of dollars involved. Not timing the presentation of a house on the market correctly could result in a gain/loss of a few thousand...probably tens of thousands...depending on whether you are a Buyer or a Seller. The first day a home is on the market (DOM 1) is the day of highest visibility it will receive in its price range. In our internet driven world, all of the websearches and auto-notify programs find it that day. Yet, I consistently see listings come up DOM 1 with no photos, incomplete or inaccurate data, no property disclosures or copies of permits, etc.
If you are a Seller, let's talk directly and I'll be happy to share with you the best way to list and market your home effectively utilizing the power of the internet. Buyers...I know you've already deleted these DOM 1 listings to which I'm referring, but guess when you'll see them again? That's right...after they make a price reduction. Maybe they'll have photos by then?!? Let's get together and talk about what all is available to you! 
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