You have to like the new look the Morris Plains downtown is sporting,  the new lamp posts, garbage cans and brick inserts in the side walk look great.  It really dresses the town up. 

 Check out the fall recreation schedule at the Morris Plains Recreation Website .   Don’t forget youth basketball sign ups this month.   The Farmers Market will be open every Saturday until October 17 also be aware that there will be a craft show on September 19th rain date is on the 26th .

The Market in the Plains has been humming right along.  There are 38 homes for sale in town.  Over the last 30 days 9 homes have gone under contract leaving us with and absorption rate of 4 months.  This is a very good rate.   6 homes have closed over the last 30 days.  These homes where on the market for an average of 27 days.  the shortest on the market was 12 days and the longest was on the market for 80 days.   These properties averaged a sale price close to 95 percent of list.  This just shows that a property that is well priced to the market will sell in a reasonable amount of time.

When selling their homes most sellers have a number in their head of what their house is worth.  Nine times out of ten this number is five to ten percent to high.  Listen to your local realtor when they explain what like properties have sold for and why.  Your local realtor really knows what the current market pulse is and can guide you in marketing and correctly pricing  your home.  The realtor will have a strategy to market your house and to present it  to get the highest return possible.  The rule of thumb is “if you have listed your home and   you have seen a lot of traffic through the home but no offers, after 30 days you should drop the price 5 percent.  If you have listed your home and  have seen very little or no traffic through your home after 30 days you should drop the price 10%.” 

The correctly priced home will generate a lot of interest  this could result in multiple offers on the property and a sale at or above the asking price.  There are a lot of homes on the market today and sellers have a lot of competition.  Hoping to get a high price is not a realistic approach in marketing your home.  The first 30 days of a  listing are the most important.   Most of the interest in a property are generated during this time.   Let your real estate professional guide you to the right strategy in pricing your home.

Remember HOPING to sell your home is not the same as having STRATEGY to sell your home.  To contact a Morris Plains Neighborhood Specialist  click on  the link to the right. Morris Plains Neighborhood Specialist.

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