Virginia turns to Buyers’ market
Virginia home sales have dropped 12 percent from March 2005 marking the seventh consecutive month of decline. While some areas reported increases in the number of closed transactions overall the state declined. "Home price appreciation is cooling with a single-digit change in median price appreciation from last year" according to VAR President Kit Hale. Inventory is up and urgency is down leaving buyers with more choices and a longer timeframe for decision making. In a buyers’ market sellers flat fee MLS can be an advantageous way to market a home for sale. Flat fee MLS allows a seller to keep the most equity from there home sale, so in a buyers’ market when prices may drop flat fee MLS provides maximum equity. Not only that, but flat fee MLS provides a way to strategically price your home more competitively than other homes in the area compensating for exaggerated realtor fees. Pricing is not the only advantageous tool of flat fee MLS and flat fee brokers, as virtual tours, multiple photos, and public websites are another perck of flat fee MLS.
See Also
- Virginia real estate sales fall 12%
Market turns in buyers’ favor
