Do you really need A REALTOR®? If you have a home to sell, it sure seems like a good idea to figure out how to save as much money as possible since home values are not where they once were. If you could sell your home without a REALTOR®, wouldn’t you be adding a whole bunch of money to your bottom line (or reducing the amount of money you might need to bring to closing?

In order to find an answer to this oft asked question, I would suggest you start by examining the current state and cycle of your local housing market. In Tallahassee, the bottom of the housing market appears to be behind us, and thus we must slog through the toughest part of the market. This is the point in the housing market cycle where home values continue to decrease, which brings an increase in buyer activity. This should continue until supply and demand balance out around 6.0 months of supply of homes.

You don’t need a REALTOR® to determine the current supply and demand for homes like yours (if you are in Tallahassee), as you can download a free Tallahassee Housing Supply And Demand Report anytime you want. If you are not in Tallahassee, then you will need to find your local real estate market expert and get a report from her (or him).

How Is The Real Estate Market

If your market is like Tallahassee was in 2005, I’m not so sure you need a REALTOR®. Just put whatever price you want on the home (within reason), and the market should catch up to you real quickly.

But if you find a situation similar to what we are dealing with in Tallahassee, I suggest that you might want to consider how homes have been sold historically. Specifically (see real estate graph below), you would find roughly 2/3rds of the home sales in the Tallahassee housing market in the MLS. That means 1 in 3 were either sold by a builder, a “For Sale By Owner,” or by a REALTOR® who did not enter the sale in the MLS. That means that “For Sale By Owners” were typically about 1 in 9 sales.

As the market has gotten tougher, we have seen a trend towards more of the sales coming from REALTORS® in the MLS. In the graph above, the red area represents all recorded home sales in Tallahassee (on a 12 month trend). The logo-shaded portion of that area represents the closed home sales trend during the same period of time in the MLS.

The gap between them (visible red area) shows the amount of recorded home sales that were not in the MLS. The yellow line shows that from 1992 to present, the MLS has represented 40% to  83% of all the sales in Leon County. Of course, in the early 1990s, the computerized MLS was more of a gadget compared to the tool that it is today.

Tough Times Require REALTORS®

With the current glut of homes making competition fierce among home sellers, it is not surprising to see a higher percentage of them getting help through a real estate brokerage company. My best advice on this is make sure that REALTOR® and the real estate company that you do choose to hire can optimize your exposure on the internet and get your home sold!

Reports That Home Sellers Should Find Interesting

The following are the past six daily reports available at the Tallahassee Housing Report. We keep updating these reports so that Tallahassee home sellers (and buyers) know the current state of real estate in Tallahassee.

• Average Real Estate Prices
• Pending Home Sales Report
• Year To Date Home Sales
• Greater Tallahassee MSA Housing Supply and Demand
• Condominiums and Townhouse Sales
• Lot and Land Sales Report

New MLS Listings Real Estate Search Engine for Southwest Florida Available From AskZenRealEstate.com (PRWeb)

Feb 21, 2010, 12:16 am.

New Custom MLS Listings Real Estate For Sale Search Engine for Southwest Florida Including Cape Coral, Fort Myers, Sanibel And Captiva Islands Now Available From AskZenRealEstate.com (PRWeb Feb 21, 2010) Read the full story at http://www.prweb.com/releases/2010/02/prweb3628374.htm

New MLS Listings Real Estate Search Engine for Southwest Florida Available From AskZenRealEstate.com (PRWeb)

Feb 21, 2010, 12:15 am.

New Custom MLS Listings Real Estate For Sale Search Engine for Southwest Florida Including Cape Coral, Fort Myers, Sanibel And Captiva Islands Now Available From AskZenRealEstate.com (PRWeb Feb 21, 2010) Read the full story at http://www.prweb.com/releases/2010/02/prweb3628374.htm

Popular Incoming Search Queries For This Topic national assoc. of realtors new home market chart mls pin to join nar property database

This Post Is Filed Under The Following Categories Real Estate News

Tags Associated with This Post Cape Coral, Captiva Islands, CUSTOM, Estate, Fort Myers, Listings, mls, New*, PRWeb, Read, Real, real estate for sale, Sale, Sanibel, sanibel and captiva, sanibel and captiva islands, Search, search engine, southwest florida

PGS Real Estate News Archives March 2010  February 2010  January 2010  December 2009  November 2009  October 2009  September 2009  August 2009  July 2009  June 2009  May 2009  April 2009  March 2009  February 2009  January 2009  December 2008  November 2008  October 2008  September 2008  August 2008  July 2008  June 2008  May 2008  April 2008  March 2008  February 2008  January 2008  December 2007  November 2007  October 2007  September 2007  August 2007  July 2007  May 2007  April 2007  March 2007  February 2007  January 2007  December 2006  November 2006  October 2006  September 2006  August 2006  June 2006  May 2006  April 2006  March 2006  February 2006  January 2006  December 2005  September 2005  July 2005  January 2004  April 2003  December 1969

Next Page →