R5Realty News and Notes

Market Snapshots and Commentary on Value and Quality of life along the former Main Line of the Pennsylvania Rail Road, up until recently called the R5 Line, and now officially known as the Paoli /Thorndale line. R5Realty runs from Center City Philadelphia through the walkable, Westward outlying Towns & Townships.

Saturday, March 12, 2011

Lower Merion Realtor to Philadelphia Inquirer: Sellers Seize Momentum by Pricing Your Home Smartly


Sellers: Be Like Bob Dylan (or don't) but Adapt!
 For an upcoming feature, the Philadelphia Inquirer  queried local real estate agents:  
What advice would you give Home Sellers in the Philadelphia area?

My reply, with homage to Satchell Paige, D.A. Pennebaker and Bob Dylan, is geared toward Sellers who aim to sell and then Buy a new home in the current market.


Don't look back. Be bold. Be empowered. Realize Things have Changed and be the one in charge by adapting to the current realities of today's marketplace. Those who sold in the mid-2000s seller's market and got 10-20% more than today's prices likely gave that gain right back when paying an inflated price for a new home in that heated market. Same principal applies today but in reverse.

Price your home to aggressively to sell based on 2011 market values and use the momentum to re-energize your home-ownership investment by getting a great deal when you buy in today's value market. With interest rates so attractive, there is no reason you can't make out as good or better than ever by recognizing the synergy of today's residential real estate realities. You don't need a Realtor to know which way the wind blows but R5Realty's Ted and Heather Gross would be happy to help you test the wind, set sail, and Let's Get Movin.'