Posts Tagged ‘days on the market’

Despite Lower DOM, houses can spell DOOM for Some Sellers

Even in this age of computer-fed journalism, gallons of ink has been figuratively spilled to discuss and evaluate the hard time that home-sellers are experiencing in the current economy.  Figures in the DC area show shortened Days On the Market (DOM) and more stabilized housing prices. While this may seem like good news for sellers – a lot of the challenges are still not over.

When you want to or need to move, due to divorce, job transfers or economic challenges; you usually want to go quickly.  You find yourself on the downside of Bill Moyers’ famous quip, “Buy a home, sell a house.” Even before you anticipate buying a new home, you have disassociated yourself from the old one.  If you are not in a hurry, you might feel like avoiding the agony of actually going through a sale, until you really need to make one. If you are distressed and are not moving by choice, you have probably surpassed the stages associated with denial, anger, bargaining, depression, and acceptance; and really want to move on to the next stage.

Decreased DOM means that on an average, You, as a seller, will have less time to wait to get an ‘ideal’ offer.  According to Jay McDonald of bankrate.com, for sellers whose properties don’t seem to move – DOM means DOOM.  You feel no certainty that your home will sell just because you want to sell it. Your plans are delayed, you are faced with unpalatable choices such as lowering the price, you are just passively waiting to sell or choose to take the home off the market. 

What might give you partial hope is that these days there are many incentives pushing buyers towards homeownership.  The up side is that this triggers a sale of your home more quickly.  However, the huge flipside is that you are the one providing some of the incentives, by giving price concessions, making unnecessary repairs to please buyers, and contributing to closing costs. As a buyer of a new home, you yourself may look forward to some of the same dynamics, however, as a seller, this whole process would give you the short end of the stick.

From a seller’s perspective, how can you minimize your stress, as well as your DOM, so you can move on more quickly?  Contact Express Homebuyers today.  We buy homes for cash within two weeks – much better than the best DOM in the nation!  Contact us today for the answers to all your questions!

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Reduce Your Days on Market to Fewer than 14

Current home sellers know that they may have to wait longer to find a buyer these days.  The days on market (DOM) in the greater DC area is declining, but if you have a “situation” and want or need to sell now, even a couple months is a long time to wait.

When you are in a jam, there are always people willing to exploit your plight, but the so-called helpers aren’t always honest.  You may need help, but you don’t want to make things worse by hooking up with a company that either can’t deliver or has no intention of delivering once it has your money.

If you are in a position where you want to sell your home quickly, Express Homebuyers is an honest company with both reputation and resource.  We will buy it from you for cash and complete your deal within a couple weeks. There is no charge for our services. And, we are Better Business Bureau accredited.

Who uses Express Homebuyers?  Many different kinds of people!

  • People who have trouble selling because they do not have equity in their home.
    • Those who have experienced the death of a loved one or the need to settle an estate.
    • People who are tired of being a landlord.
    • Those who need to sell because of a divorce.
    • People who are behind on payments or facing foreclosure.
    • Anyone who bought a new home, but can’t sell the old one.
    • People who own vacant houses or houses that need repairs.
    • Those with liens or title problems.
    • People working with a real estate agent who hasn’t come through as promised.
    • Anyone facing a job transfer or relocation.

People from all walks of life who share the need or desire to sell their homes, regardless of repairs needed, can sell for cash, close quickly, and sell to a reliable company accredited by the Better Business BureauExpress Homebuyers. Contact us today at 877-804-5252 or visit our website to get the process started.  We can wrap up your deal in a couple weeks and even offer you a $2,500 cash advance to help you plan your move.

Reduce your personal DOM today!

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Beat the Rush

Navigating the real estate market can be a demoralizing process.  Quality homes are few and far between, and quality homes in attractive locations that are priced within your budget are rarer still.  There are few experiences more frustrating than finding a good listing only to call in and learn that it’s been snapped up, or realizing that a bidding war has driven an affordable property out of your range.

The best advice we can give you here is to get in early, and put an offer down before the house you’re eying disappears or sits long enough to swell in price.  Here’s what we mean:

If you’ve done some research on our company, you may know that we tend to sell houses pretty quickly: this is due to our commitment to pricing houses reasonably, and the quality of the renovations we perform.  Below is the graphic we included in the recent post explaining homebuyer survey results:

dc-ehb-dom
As you can see, our houses sit on the market for considerably less time than the regional average.  What this chart does not show you, however, is that over 50% of the homes we move are actually sold before they’re ever listed.  How is this possible?  Easy; because we are first and foremost a homebuying operation, we’ve already bought the houses in question.

Although we hesitate to list the house before the renovation process has been completed, as the homeowner we have the luxury of arranging a showing anytime you want; in fact, people familiar with the quality of our work have even bought houses from us BEFORE the renovation process was complete, knowing the finished product would be of the same high caliber as every other home we move.  The buyers who walk away with our houses before they hit the market are those who get in touch as soon as they hear of our latest purchase; they’re the ones who keep in touch by phone, keep tabs on our website, and monitor the houses we’re working on at:

www.expresshomebuyers.com/email/greensheet.xls.

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