A survey by
HouseHunt Inc. in the second quarter of 2007 polled Real Estate agents nationwide and reported that the clients of 86 percent of those polled are getting 90 percent or more of their asking prices. More than half of the agents say their clients have closed for more than 95 percent of their asking prices. So what does all this mean to
Ormond By The Sea home and condo owners looking to sell? Simple, and just as I have been trying to explain to sellers, if you price your property too high it will NOT sell in this market. Buyers have too many choices and will usually not look at properties above what they anticipate spending. The old standby response of many sellers is "but they can make me an offer". Unfortunately in this market that does not happen very often so if you really would like to sell your
Ormond By The Sea home or Condo you need to set the asking price where buyers are looking and buying. The 2005 values and prices are gone and will probably not return for many years. Ocean View has lost many customers recently to other agents who will tell you what you want to hear to get you to sign a contract with them. Those properties will not sell at the higher asking prices and unless the price is reduced to current market levels the owners will be
disappointed.
For additional information about Ormond By The Sea Real Estate contact
Ocean View Realty Group
1350 Ocean Shore Blvd. Suite A
Ormond Beach, FL 32176
http://www.ovrealty.com/
Toll Free USA & Canada
1-800-356-3409
Local phone 386-441-8245
Fax 386-441-2407
For buying or selling contact Marion O’Connor at
ovforsale@aol.com
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