Are we in sellers’ market in Bowie Maryland?

Are we in sellers’ market in Bowie Maryland?

We get Results - Call Keji @ 301-613-2043 

Are we in sellers’ market in Bowie Maryland? Yes, but like the saying goes “all real estate market is local”, but definitely in Bowie Maryland we are in sellers’ market as houses are getting multiple offers within few days in the market.

A detached house in Bowie zip code 20716 that my team listed for sale on May 15^th, with the first showing on May 17^th had 26 showings by May 21^st. By May 22^nd, just five days of showing, we received multiple offers well above the listing price!!!

An open house scheduled for May 21st had over 20 visitors and this was on a raining, cold Saturday.  Even with the inclement weather, it was a very successful open house.

For a seller to get offers quickly in any market, and especially in a “sellers’ market” here are few tips!!!

1-   Price: The most important factor in selling or buying is pricing, the buyers determine price not the sellers. While the market is hot right now with lots of buyers looking to buy, buyers are not going to over pay, while there are comparable houses in the market with better price. So it is very important that pricing is within what market can bear!! We were able to get offers quickly because we advised our client to price the house competitively as compared to other homes within the area.

If you have a house in the market in the Bowie area for over 30 days with little or no activity, it is time to re-evaluate your pricing strategy.

2-    Condition: Competitive pricing will bring buyers in, but condition of the house will make them stay. Our client’s house in Bowie had to be freshly painted and other little items taking care of before we can start marketing for showings. We advised the seller on items that needed to be taking care of before we allow buyers in to view the house. While some of these items are just a few dollar fixes, they tend to be exaggerated with buyers and as such if we want to keep buyers interest once they stepped into the house we need to make the condition attractive.

If you have a house for sale in Bowie MD area that is getting activities but no offers, the condition may be turning off potential buyers. We provide list of quick fixes under $100 to generate quick sale- Get the list here.

3-   Accessibility: It is a sellers’ market but buyers have to view to make an offer. Making a house for sale easily accessible is paramount in any market. Showing restrictions is a turn off for many buyers’ agent especially when other homes in the area are easily accessible.

To make showings easy we installed electronic lockboxes for all houses we have for sale, use showing service that will promptly confirm agents showing via text or email.

Some restrictions that may hinder getting your house under contract quickly are: appointment required (with no specifics), 24 hours notice required, showing contact not picking up calls for appointment or calling back quickly to confirm appointment, no lock boxes, pets not secured at property, seller must be home to show. All these are hindrances that make houses linger even in a sellers’ market.

The showing systems we use is not dependent on our team members picking up their phones, buyers’ agent have option of making the appointment online and is often confirmed within minutes of making the request. Agents also have the option of calling our 800 number to talk to live person that will confirm showing quickly as well.

Are we in a seller's market in Bowie – Yes! Are we getting more than full price for houses we have for sale? - Yes!! If a seller is not getting this same result, now is the time for them to re-evaluate selling strategies and get to sold fast!!! Find out some of our strategies we use to get more for our clients!!!

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let us meet so we can help you take advantage of current market conditions!

Thinking of Selling? Let's Talk We Can Show You How We get  Maximum Price Guaranteed.

Get started by requesting our Seller Home guide to getting Sold Fast and For Top Dollar

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold for our clients in all parts of the metro area. We delight our clients by delivering world class service every step of the way and we strive to create a win-win situation this is all part of our values and beliefs. Contact us @ 301-613-2043, visit our website www.metrohomesrealty.com