IT IS SO IMPORTANT TO UNDERSTAND HOW TO PRICE YOUR HOME IN TODAY'S MARKET. AS A SEABROOK ISLAND REAL ESTATE OWNER I APPRECIATE THAT WHEN THE TIME COMES TO SELL, WE ALL TYPICALLY WANT THE SAME THINGS: AN ACCEPTABLE PRICE AND TERMS THAT MEET OUR NEEDS. IF YOU'RE CONSIDERING SELLING YOUR SEABROOK ISLAND HOME, YOU'LL WANT TO UNDERSTAND AND CONSIDER HOW THE ITEMS BELOW WILL INFLUENCE THE LISTING PRICE AND SALE OF YOUR HOME. OTHERWISE, LIKE MANY OTHER SELLERS, YOU MAY LEAVE TENS OF THOUSANDS OF DOLLARS ON THE TABLE.
According to Rocket Mortgage
"A seller's market is when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage. In a seller's market
, homes sell faster, and buyers must compete with each other in order to score a property."
Seabrook Island is Experiencing a Seller's Market
At the time of publication, there were 21 Seabrook Island Real Estate For Sale
properties that included: 11 single-family detached homes that are available to move in, 4 proposed homes to be built, and 6 attached properties, 2 of which are also pre-construction listings.
According to the definition above, our current inventory and high demand indicate that Seabrook Island is in a seller's market.
Seabrook Island Real Estate For Sale - Pricing Your Home To Compare Vs. Pricing it To Compete
If you want your home to compare then you will price it according to recent Seabrook Island real estate for sale. In realtor terms, "you'll base it on the comps."
Whereas if you want your home to compete, you'll consider the comps and use current Seabrook Island real estate market conditions to list your home at a price that has the potential to yield you a greater return.
Otherwise, like many other sellers on Seabrook Island, you will be leaving tens of thousands of dollars on the table.
If you look at the record of current days on the market, you may be shocked to see the short time frame at which many of our Seabrook Island homes for sale are receiving an acceptable offer.
This indicates that there are multiple buyers fighting to own a home on Seabrook Island and that in some cases, these homes for sale are being priced too low.
Your Seabrook Island Real Estate Agent Should Address These Two Things With You
One of a Kind: If your property is the only one of its kind on the market, you are at an advantage and would do well to consider exploring a higher listing price
Appraisal: Don't let the fear of appraising be your deciding factor. Most of our buyers are coming with cash, no appraisal is necessary
Alternative questions to ask Your Seabrook Island Real Estate Agent
- Affinity: Does the listing agent have an affinity for Seabrook Island?
- Appreciation: Does he/she appreciate your home?
- Value: Does he/she appreciate the value of owning and living in a private gated community?
- Real Estate Agent: Is the agent taking market value and conditions into consideration when suggesting a list price? or are they suggesting a price that is lower than market value? and leaving your money on the table.