Competing with foreclosures in Hernando County Florida.

If you are attempting to sell your home in Hernando County Florida you knew very well what you were getting into when you decided to put your home on the market.

But did you know that the density of foreclosures to population that Hernando County ranks to the very top in Florida? Certainly you are aware about the glut of foreclosures and declining values affects the sale time and amount you will receive for your home.

There are two prices to indicate whether or not you home is going to sell. The first price is the agent “phone ringing price.” If your listing agent’s phone isn’t ringing on your home within the first three days of listing it, chances are it is priced too high. And if I may, chances you the seller picked the price and not your listing agent.  Even though I am a professional agent, like you I have an emotional attachment to my home and my equity in that home.  That is why when I buy and sell homes, I never do it myself and rely upon the expertise of another professional agent to determine market price.

You are either on the market price, slightly ahead of the market price, or behind the market price. If you are behind, and attempt to chase the market, you are losing money every single day. Again, unless your price is causing the phone to ring, reconsider your price, listen to your agent, but better listen to the market, because this vast invisible force will tell you or not whether it is interested in your home. Does that make sense?

Foreclosures have been making up about a third of all sales in the Hernando County market, and the median sales price for a bank-owned home in May was $103,000 down from $147,000 just one year ago.

If you would like a free consultation on how to sell your home in this market in 30 days or less, please call upon one of our very talented and experienced Tropic Shores agents today.