Well folks these are the two questions I was asked yesterday. My answer- I replied that the market is still soft, yes, however the houses and vacant properties that I have sold within the past 6 months or so sold because they were priced right--Priced realistically. The sellers of these properties were serious about selling and listened to my advice on pricing their property.
In a buyers market a listing must be priced to sell. I've said this many times before and those sellers that heeded that advice reaped the benefits.
Sellers, listen to your real estate agent. They are able to compile a list of comparable properties and effectively price your home so that you maximize your dollar while making it attractive to a buyer.
As many of you know, our Bahamas MLS has been established now for over a year. We are very quickly building a database that is making it much easier to gather comps. Sellers, if you are interviewing an agent ask them if they are a member of the Bahamas MLS. Not only will they be able to print comps for you but will be able to give greater exposure to your property.
Have a great weekend.
Your Abaco Real Estate Agent
~Mailin Sands
