Yes, many homes are selling fast when they hit the market here in Little Rock, but a lot of homes are taking much longer to sell. This gap between those that are selling fast and the slow sellers has expanded in this market. The residential market has become a competition of price and condition that you either win fast or lose. The homes that are priced fairly and in good condition are selling in under 30 days most of the time. The homes that are overpriced for this market either because of the condition or a seller that will not meet what the market expects for price or either sitting till the price is right or not selling at all. Sellers must realize that buyers set the market for what a house is worth. The seller needing a certain amount or just wanting a certain amount does not effect what buyers will pay for a property. Buyers understand looking at what comparable homes have sold for to decide which homes are the best values. These facts make it very important that sellers get good advice on where other homes are selling for and on getting the home ready to market. Good advice can effect how quickly the home can be sold and even more importantly the bottom line.
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