13 Richard Rd, Lexington

Market Analysis for:

Doris & Paul Kelly

I've done a market analysis on your home at 13 Richard Rd in Lexington and have prepared this document to help explain how I've arrived at a price for your home. I perform a market analysis and calculate a price taking into consideration a home’s location, size, configuration, number of bedrooms and baths, lot size and general condition. I also scrutinize the home for issues that, in my experience, will impact the price of a home making it more or less valuable. Then, I look at your current competition - the other homes that buyers in your price range will be viewing, to help determine your price.

Contents

  1. Description of Home
  2. Market Dynamics
  3. Analysis of Relevant Properties
  4. Pricing Recommendation
  5. Marketing

Description of home

Please note that these comments do not relate to marketing, but are included purely to ensure that we have captured the information and reflect the major components of your home.

Your home has 4 bedrooms, 1.5 bathrooms, 1 car garage, partially finished walkout basement, built in 1958, on a 0.25 acre lot in a desirable side street in popular Follen Hill.  It has 2626 sq ft of living area when considering the finished basement also.  It is an immaculate garrison colonial with everything done/built/maintained to a high degree of workmanship and care.

As you walk in the front door you have stairs going up to the second level in front, the kitchen visible through a cased opening, and the living room to the right. The living room is rectangular shaped, has picture windows, a woodburning fireplace in a focal point at the end of the living room.  Through a cased opening you enter the dining room. The dining room is lovely with wainscoting, crown molding and is open to the kitchen, past the half bathroom, and also has an opening into the stunning glass conservatory beyond.  The conservatory is stunning and is the focal point of the home. It is extremely well made, and ‘feels’ like quality workmanship, with a gas fireplace at one end and walls, and ceilings of glass overlooking the backyard. I can imagine many a summers day sitting in here reading, and sipping on a glass of ice cold lemonade. A door from this leads down stairs to the level backyard. The half bath is fresh, with beadboard, white tile floor and is immaculate. Opposite the half bath is a large pantry closet. The kitchen is large with a bay window, room for informal dining, cherry cabinets, will have light granite counters, and will have a stainless steel fridge.  The floors ‘feel’ like slate tiles, yet practical vinyl/laminate. Through a side entry french door from the kitchen you have a couple of patio areas which are perfect for entertaining or gathering with friends and family.

Upstairs to the second floor you have 4 bedrooms and a family bathroom. One of the bedrooms is a little smaller than the others, but the others are a really good size. The family bathroom is a great size with dual sinks, marble vanity, marble(lookalike ceramic?) floor tiles, shower/tub with ceramic wall tiles. Everything feels like high quality. Some of the closets in the bedrooms are large.  Hardwoods on most surfaces in the home except for the basement and kitchen/bathrooms.

 Downstairs in the basement we have a large finished room with wall to wall carpet, and a full walkout to the backyard. The laundry is in a smaller unfinished area of the basement. The home is on gas and has hot water baseboard heating.

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Market Dynamics

We have been experiencing shortages of housing inventory in Lexington over the last 5 years or so. There are always a number of buyers looking to buy in Lexington because of the strong school system, the community dynamics and vibrant downtown. People like the feeling of the downtown area, and want to stop and have a coffee, or have dinner at the many restaurants, or just watch the world go by, chatting with folks who are out and about. The Minuteman bike path and conservation areas close by pull those who desire an outdoor lifestyle while still remaining within commuting distance to Boston.

The Lexington market has seen increasing prices over the last few years given the limited inventory. The demand for homes in Lexington far outweighs the supply and each month a snapshot of available homes for sale shows the declining inventory levels.

Average prices in Lexington are well above average prices obtained in the peak of the market in 2005. Average single family home prices have been increasing steadily since 2009. The real estate market downturn that existed for the last few years is well and truly over and prices are continuing to increase each year.

Sales distribution statistics for single family homes show that the $1M-$1.5M price-range is the most active in Lexington. The next busiest price range in Lexington is the $1.5M - $2M price range. This is an indicator that new construction is having a significant impact on the average single family home prices in Lexington. The number of new construction homes being built in Lexington in 2013 was 55 homes, 70 homes in 2014, 71 homes in 2015, and 66 homes in 2016.

Before reviewing the price per sq foot charts it is important to throw in a caveat of using the average as the definitive guide. There is wide variability among agents as to what is included in the living area reported in MLS. In some instances, agents will include a finished component of the basement in the living area and this is acceptable so long as how the living area is calculated is disclosed. Others report the living area reported in public record, which never includes finished areas in the basement, but note in MLS that there is a finished basement. To this end, it is important to review each individual listing to determine the ‘true’ price per sq. ft. of above ground living area, but we also need to factor into this when a home has a finished basement.

Reviewing the price per sq. foot charts for single family homes shows us that the average price per sq. ft. in Lexington around the $1M - $1.5M price range is around $397 per sq. ft. It’s important to note that the maximum price per sq. ft. achieved varies across most price ranges, along with the minimum obtained for each price range.

When the year built in the 1950’s the average price per sq. ft. is $418.

The chart below shows that single family homes in Lexington of similar size to your home in the 2,000 square foot range, have an average price per square foot of $406 but it increases to $483 per sq. ft. when you decrease to the 1,000 square foot range. It is common across municipalities to see an increase in the price per square foot for smaller sized homes, as it reflects the minimum cost of a home in a town irrespective of the property size.

The chart below shows how many months’ supply of inventory there is in a given price range. It uses the assumption that given the same rate of sales over the prior 12 months, and considering current inventory available for sale, how many months it should take to sell the available inventory. This is referred to “Absorption” in the real estate world. 

Any price range where there is more than 7 months’ supply, we consider there to be an oversupply of inventory, also known as a ‘buyer’s market’. Anything between 4 – 6 months is considered a balanced market. Anything less than 3 months’ supply is considered a shortage of inventory on the market at this price range, also known as a ‘sellers’ market’. As can be seen, currently, absorption rates for all homes in the $1M - $1.5M price range are under a month’s supply showing a severe shortage.

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Analysis of Relevant Properties

The following map shows the  homes that we believe to be of value in determining the price of your  home. Below the map you will find basic information  provided for each home including the price the home was  listed at, and the price the home sold at (if sold), the listing date, Days on market, Bedrooms, Bathrooms, living area size and lot size.  Noted for each home is a classification of Relevance which outlines whether we think the  property is valued Less (L), Relevant/Comparable (R) or Higher (H) than  your home. The notes for each home outlines the similarities and differences between  your home and the one being analyzed

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This colonial style home was built in 1950. It is smaller than your home with 2,151 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has 1 less bedroom than your home, having 3 bedrooms, whereas your home has 4 bedrooms. It has the same number of bathrooms as your home, having 1.5 bathrooms. It sits on a larger size 0.49 acre lot whereas your home sits on a 0.25 acre lot.
The living room has a fireplace, bay windows, and hardwood floors. It has access to the formal dining room through an arched opening. The dining room has a china cabinet, custom built ins, wainscoting, and hardwood floors. The kitchen has box windows, custom built cabinets with wine rack, and vinyl flooring. This level also has a sunroom which has vaulted ceiling, and exterior access through walls of sliding glass doors. The family bedrooms are on the 2nd level, including the master bedroom, all have vaulted ceilings, hardwood floors, and share a family bathroom. The partially finished lower level has a family room with a fireplace on arranged stones to the ceiling, wall to wall carpeting, bay windows, and beadboard walls.
This home is located in the Merriam Hill neighborhood but it is on a narrow, steep, private road so its location is not as desirable as your home. It has an attached single car garage and 4 car off street parking. It has central heat, hot water radiators, oil heating and window AC cooling. It was listed for $899,000 and was sold for $897,500.

Relevance: Less. Given the much smaller size, 1 less bedroom, inferior condition of the home I believe your home will sell for more than this home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This multi-level style home was built in 1955. It is larger than your home with 2,767 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It has more bathrooms than your home, having 2.5 bathrooms. It sits on a larger size 0.77 acre lot whereas your home sits on a 0.25 acre lot.
Entry to the foyer is through glass stained double doors. The foyer has bay window to the cathedral ceiling, and hardwood floors. It leads to the piano room on the left and the  living room on the right which has a fireplace on a brick wall to the ceiling, bay window, and hardwood floors. Leading to the formal dining room which has beadboard walls and picture windows, are custom built in china cabinet with glass sliders. The kitchen has a breakfast bar island, laminate countertop, bay windows, skylights, and ceramic tile floors. It has an exterior access to the balcony to the backyard and has an informal dining area. A bedroom with hardwood floors and a full bathroom are also on this level. The master bedroom and 2 more bedrooms are on the upper level and they share a family bathroom. The master bedroom has bay windows, walk in closet, and hardwood floors. The finished lower level is a recreation room with a kitchenette, and a full bathroom with a shower stall. The home has been expanded a couple of times and the layout is not a traditional layout.
This home has an attached 2 car garage and 4 car off street parking. It has oil heating and central air. It was listed for $949,900 and was sold for $922,500 in an “as is” condition.

Relevance: Relevant, but less. Given the similar size, yet inferior condition, inferior layout I believe this home is relevant to your home but yours should sell for more.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This colonial style home was built in 1920. It is smaller than your home with 2,203 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It also has the same number of bathrooms as your home, both having 1.5 bathrooms. It sits on a larger size 0.32 acre lot in the very desirable Munroe Hill area, whereas your home sits on a 0.25 acre lot in the desirable Follen Hill area.
The home needs substantial work to update it as it is quite 'tired'. The living room has a fireplace, crown molding, custom built ins, bay windows with seat, and hardwood floors. The sunroom has lots of windows, custom built ins, and hardwood floors. The family bedrooms are on the 2nd level and the home has mostly hardwood floors.
This home has a detached 2 car garage and 4 car off street parking. It has hot water baseboard, oil heating. It was listed for $1,100,000 and was sold for $925,000 in an "as is" condition.

Relevance: Less. Given the smaller size, inferior condition, slightly superior location I believe your home will sell for more than this home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This colonial style home was built in 1947. It is smaller than your home with 2,304 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has 1 more bedroom than your home, having 5 bedrooms, whereas your home has 4 bedrooms. It also has more bathroom than your home, having 2 full bathrooms. It sits on a larger size 0.33 acre lot whereas your home sits on a 0.25 acre lot.
The living room has a fireplace with white mantel, double windows, and hardwood floors. The formal dining room has double windows, and access to the sunroom through double french doors. The sunroom has cathedral ceiling with skylights, walls of windows, and has exterior access to the patio through glass doors. The kitchen has stainless steel appliances, granite countertops, stainless steel backsplash, upgraded cabinets, china cabinets, triple windows, hardwood floors, and an informal dining area. This level includes 2 bedrooms which have hardwood floors, and are adjacent to the main level dated bathroom. The 2nd level includes 2 bedrooms, the master bedroom, a dated family bathroom, and an office. The bedrooms have double windows and wall to wall carpeting.
This home is located in Woodhaven section of Lexington. It has an attached single car garage and paved 4 car off street parking. It has steam, gas heating. It was listed for $969,000 and is currently under agreement after competing offers.

Relevance: Relevant. Given the slightly smaller size, extra bedroom, 2 full bathrooms yet both being dated, similar kitchen condition I believe this home is relevant to your home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This cape, craftsman style home was built in 1953. It is smaller than your home with 2,198 sq  ft of approx. living area which includes 560 sq ft in the finished basement. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It has more bathrooms than your home, having 2 full bathrooms. It sits on a larger size 0.37 acre lot whereas your home sits on a 0.25 acre lot.
Upon entry from the porch through the glass paned door, the living room is on the left and it has a fireplace, crown molding, double windows, and hardwood floors. The living room has an open floor plan with the formal dining room defined by half height walls with columns. The formal dining room has crown molding, walls of windows, hardwood floors, china cabinets, and exterior access to the patio through double french doors. The kitchen has stainless steel appliances, granite countertops, ceramic tile backsplash, maple cabinets to the ceiling, crown molding, beadboard wainscoting, hardwood floors, has an informal dining area, and exterior access to the patio. The master bedroom is also on  this level and it has hardwood floors, and is attached to the full bathroom which is also accessible from the hall. This level also includes an office which has crown molding, custom built ins and desk, and hardwood floors. It is accessible through a double french doors on the right from the entry hall and is also considered as the 4th bedroom. The 2nd level includes 2 family bedrooms, a full bathroom, an an unfinished area. One of the bedrooms on this level has beamed cathedral ceiling with skylights, large picture windows with transom, and hardwood floors. The other bedroom has cathedral ceiling, custom built ins, and hardwood floors. The finished lower level includes a workroom and the family room which has wide pine walls, custom built ins, double windows, hardwood floors, and exterior access to the patio. The patio has a pergola, built in BBQ, extensive hardscaping and is an extension of the living area.
This home is located in The Manor neighborhood. It has an attached single car garage and paved 4 car off street parking. It has hot water baseboard,gas heating. It was listed for $859,000 and was sold for $980,000 in an "as is" condition.

Relevance: Relevant.  Given the smaller size of this home, the master bedroom with an attached bathroom on the first floor, 2 full bathrooms, similar condition I believe this home is relevant to your home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This multi-level style home was built in 1960. It is a similar size to your home with 2,594 sq  ft of approx. living area which includes the finished lower level. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It has more bathrooms than your home, having 2 full bathrooms. It sits on a smaller size 0.19 acre lot whereas your home sits on a 0.25 acre lot.
The main living area is on the 2nd level has an open floor plan which includes the living room, the dining area, and the kitchen. The living room has a fireplace with granite facing and white mantel, crown molding, picture windows, and hardwood floors. The dining area has double windows, crown molding, and hardwood floors. The kitchen has cherry cabinets, ceramic tile backsplash, modern appliances, breakfast bar peninsula, granite countertops, and hardwood floors. It is connected to the family room through a cased opening and a pass through window. The family room has cathedral ceiling with skylights, picture windows, and exterior access to the screened porch. The master bedroom and 2 family bedrooms are on the 3rd level and they all have hardwood floors and share a family bathroom. One bedroom is situated on the first level. The finished basement includes an office with a fireplace and laminate flooring, a full bathroom with tub and shower stall, and a playroom with laminate flooring.
This home has an attached single car garage and 4 car off street parking. It has hot water baseboard, oil heating and central air cooling. It was listed for $898,000 and sold for $990,000.

Relevance: Relevant.  Given the similar size, similar condition, and even though it has 2 full bathrooms one of those is in the finished lower level removed from the bedrooms so the bathroom count is similar.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This contemporary, ranch style front facade home was built in 1956. It is larger than your home with 3,516 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It has more bathrooms than your home, having 2.5 bathrooms. It sits on a larger size 0.59 acre lot on a busy street, whereas your home sits on a 0.25 acre lot.
The living room has a fireplace and walk in bay window, crown molding, and hardwood floors. It is connected to the informal dining area of the eat in kitchen through a french door. The kitchen has a breakfast bar peninsula, custom built cabinets, stainless steel appliances, bay window, ceramic tile backsplash, cork flooring, wet bar, and wine chiller. The kitchen is connected to a grand formal dining room passing through the informal dining area which has a cathedral ceiling and picture windows and through the wet bar. The formal dining room has a cathedral ceiling, walls of glass, hardwood floors, and has exterior access to the deck through folding glass doors that leads to the deck overlooking the backyard. The master suite is also on this level and it has an attached bathroom, dressing room, crown molding, and hardwood floors. The master bathroom has custom cabinets, granite countertop, shower stall, and jacuzzi. Another bedroom/ office with lots of built ins is adjacent to the master bedroom. The family room is on the lower level and it has a fireplace, custom built ins, ceramic tile floors, and exterior access to the backyard through sliders. On this level are 2 bedrooms with walk in bay windows, an adjacent office, a study/nook, a potting shed with exterior access, and a library with lots of custom built ins and exterior access to the patio under the deck.
This home has an attached 2 car garage and paved 4 car off street parking. It has hot water baseboard, oil heating, and active solar, central air cooling. This home has solar panels. It was listed for $1,049,000 and sold for $1,100,000.

Relevance: Higher. Given the larger size of the home, extra bathroom which translates into a master suite, 2 car garage I believe this home will sell for more than your home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This was our listing. This contemporary cape style home was built in 1972. It is larger than your home with 3,298 sq  ft of approx. living area which includes a small room in the lower level. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has 1 more bedroom than your home, having 5 bedrooms. It also has more bathrooms than your home, having 3 full bathrooms. It sits on a larger size 0.33 acre lot whereas your home sits on a 0.25 acre lot.
From the foyer, through the hallway, the living room is on the left and it has a fireplace with marble facing, white mantel, and is inset into bricks to the ceiling. It has arched windows framing the fireplace, crown molding, hardwood floors, and exterior access to the deck through double sliding doors. The formal dining area has an open floor plan with the kitchen. It has chair rails, crown molding, hardwood floors, and exterior access to the deck through french doors. The kitchen has a breakfast bar island with a food prep sink, granite countertops and backsplash, dark wood cabinets, glass fronted cabinets, pendant light fixtures, stainless steel appliances, bay window where the informal dining area is situated, and hardwood floors. This level also includes 2 family bedrooms and a full bathroom. The remaining family bedrooms are on the upper level including the master suite. The master bedroom has a fireplace on bricks to the cathedral ceiling which has skylight, an attached bathroom, and wall to wall carpeting. The family room is also on this level which has a cathedral ceiling with skylights, and wall to wall carpeting. There are 2 family bedrooms, an office, and a full family bathroom with double vanity sink, granite countertop, jacuzzi, and transom window on this level. The partially finished lower level includes a bonus room and a playroom.
This home has an attached 2 car garage and 4 car off street parking. It has forced air,oil  heating, and central air cooling, and has solar panels. It was listed for $1,029,000, went under agreement with competing offers and was sold for $1,130,000.

Relevance: Higher.  Given the much larger size, extra bathrooms, extra bedroom, 2 car garage, master suite I believe this home will sell for more than your home.

Your details: Living area 2626 sq ft | 4 beds | 1.5 baths | Lot size 0.25 acres | Built 1958

This colonial style home was built in 1780. It is of similar size to your home with 2,564 sq  ft of approx. living area. Your home has 2,626 sq ft of approx living area which includes 676 sq ft in the finished basement. This home has the same number of bedrooms as your home, both having 4 bedrooms. It has more bathrooms than your home, having 3 full bathrooms. It sits on a smaller size 0.13 acre lot just steps to the town center, whereas your home sits on a 0.25 acre lot.
Upon entry to the grand foyer, the family room is on the left and the formal dining room is on the right. The family room has a fireplace, rustic beamed ceiling, chair rails, and hardwood floors. It also has access to the main level bathroom and an office. The formal dining room has crown molding, chair rails, and hardwood floors. The kitchen has a breakfast bar peninsula, box window, stainless steel appliances, upgraded cabinets with some glass paned doors on cabinets overhead, hardwood floors, china cabinet, and a bay windows with seats that serve as informal dining area. It also has access to the mudroom that leads to the garage. The bedrooms, the master suite, and the family bathroom are on the 2nd level. One of the bedrooms has a fireplace and it has access to a jack and jill bathroom shared with another bedroom. The master bedroom has custom built ins, bay windows with built in seats, and has an attached bathroom. The master bathroom has double sink vanity, a jacuzzi, and a shower stall.
This home is located in the Merriam Hill neighborhood. It has an attached single car garage and paved 2 car off street parking and with a driveway easement with 35 Hancock. It has hot water baseboard, hot water radiators, oil heating. It was listed for $1,149,000 and was sold for $1,135,000.

Relevance: Higher. Given the similar size of the home, extra bathrooms which includes a master suite, steps to the town center which counter buyers general concern over the age of the home which is mitigated by its renovated condition, I believe this home will sell for more than your home.

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Pricing Recommendation

My analysis of the relevant homes outlined above suggests a final market value for your home of $980,000-$1,030,000.  

Given the current market dynamics in Lexington, I would suggest listing your home at the lower end of this price range to attract more interest and potentially multiple offers.  If the market deems your home to be worth more than the list price, then the price will be pushed over the market value of your home, and sometimes well over when we get multiple offers. You can see many examples above that came on the market for a lot less, and competition pushed them up to the price they sold for. The challenge in estimating a price for a home is ‘would this home have sold for this price if they had priced it higher?’ or was competition the driving factor that got to this price.  Experience tells me that competition is why they sold for what they did, so we have to be careful with pricing. A couple of good examples of competition pushing a price higher than market value is the home at 30 Blake St which came on the market for $859,000 and sold for $980,000, and the listing at 25 Eastern which came on the market for $898,000 and sold for $990,000, and our listing at 60 Ivan St which came on the market for $1,029,000 and sold for $1,130,000. 

When homes are overpriced they end up sitting on the market and ultimately selling for less than market value, whereas homes priced realistically can often sell for well over market value. Competition is what will get us the highest sales price. As we see time and time again, if the buyers consider the market value of your home to be realistic in relation to the asking price, then competition will push the price up higher and often over the market value of the home. The challenge with overpricing is that the buyers are very educated – they go week after week to see homes in their price range so they KNOW what the prices are and what ‘feels’ right.

I have to stress that these are recommendations.  We would bring your home on the market at whatever price you deem to be appropriate.  

I DO NOT DETERMINE THE PRICE - the market dictates the value - what a buyer is willing to pay. My job is to make sure that you have the best market exposure and that your home is positioned well in the market.   I do not believe in projecting more money than I think your home will sell for just to get your business.

My team and I know how to stage and market your home, and I understand its value, but I can only sell it for what the market or a buyer will pay. I strongly believe that a home should be priced compared to the current competition, not just on what has sold in the last six months.  At the end of the day, you will be competing for the buyers looking for a home like yours and in the same price range. You can do far more 'damage' to the resultant price we get for your home if we overprice. The prospective serious buyers will see your home within the first weekend of your home coming on the market, and they will have seen everything else in this price range.  In other words, the serious buyer knows what is priced well.  If they don't see value in your home at its listing price and are not motivated to make an offer, then they will move on and keep looking.  In times of increasing prices, it is often hard to predict what a home will sell for, but be assured that even if we price your home lower than what market value is currently, market dynamics will bring the price of the home up to where it should be.  Prospective buyers should walk in thinking the price 'feels right' and are motivated to make an offer in the short term, rather than letting several months’ pass.

It is important to stress the value of marketing your home to capture the highest price.  In times of low inventory, we know your home will sell by doing the bare minimum to market it, BUT that is not going to get you the maximum price for your home.  Key to getting the maximum price for your home is to prepare a comprehensive marketing plan that incorporates all avenues available to us to expose your home to the maximum number of buyers out there looking.  Exposure, and feet in the door, is what will get you the highest price for your home. Basic ratios help explain this.  If 10% of the buyers who walk in your door fall in love with your home, then if you only have 10 buyers walking in, then potentially there is only 1 buyer - if you have 100 buyers walking in your door then using the same ratios, you will potentially have 10 buyers falling in love with your home.  10 buyers will push the price up versus only one buyer.

New statistics state that over 100% of potential buyers search the web as their primary search vehicle.  Thankfully, your home will show fabulously in photos. With historically low interest rates likely to increase and inventory at a 7-year low, there are still homes that do not sell in this market.  I’m making my recommendations to ensure that you are one of the sellers who will have success in the first month of being on the market, but optimally the first weekend.

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