Are you trying to sell your home in the Sparks or Spanish Springs area? Do you know who your competition is?
In the under $300,000 price range your biggest competition is from bank owned homes. These homes have already been through the foreclosure process. Now that the bank owns them they want to remove them from their inventory as soon as possible. In the under $300,000 price range 60% of the homes that have sold in the Sparks and Spanish Springs area since March 1, 2008 have been bank owned.
The over $300,000 price range has fewer bank owned sales, but also only accounts for 26.4% of the total homes sold.
How do you compete? If you are a traditional seller in this market you need to make sure your price is competitive with what is selling in your neighborhood. If you have a large number of bank owned listings or short sales in your neighborhood you will need to price your home within range of these homes. A good agent will give you a complete market analysis.
If you are priced competitively you can also set yourself apart by publicizing that you are not a bank owned or short sale listing. Many buyers are seeing the benefits of buying a traditional listing once they have had a negative experience with a bank owned or short sale negotiation.
Call me today for more information about pricing your home to sell in the Sparks and Spanish Springs market.