Gains in the equity markets amid signs that the global economy was recovering & optimism that  corporate earnings reports for Q3 due out over the next several weeks will beat expectations. Since the economy is showing signs of improvement it’s reasonable to think that corporate results will also do better.  Australia became the first G20 country to raise interest rate since the onset of the financial meltdown, saying that that the global economy was on the mend.

If there is any proof that a recovery is on  the way  just look at whats going on in town.  On the homes for sale in Morris Plains  front we are down to 35 today as another has one has gone under contract.  One home has closed as well so far in October.  33 Maple was listed on August 15th,  for 399,000 it is a charming7 room 2 bed 2 bath home with a lovely 3 season room and a great back yard.  It went under contract in 9 days on August 24th and closed on October 1 and sold for 385,000.  That is an incredible 96.5 percent of asking price. 

That is the one thing that I keep repeating about Morris Plains Homes for Sale that if they are correctly priced they will sell and sell quickly. 

Also when listing a home sellers should think more about the marketing plan that an agent brings to the table not the commission he charges.  A list it and leave  it agent.  will charge a low commission to get the listing but will they hold open houses, will they invite other agents to preview the home,  will they market the property on the Internet and on national real estate sites?   All those things cost money and time and they all come out of the agents pocket.   

The key is to get as many people through a listing as fast as possible.  On my listing at 9 Cleveland Avenue Morris Plains  I have had 4 open houses.  On the first Sunday I had 14 people on the next Sunday I had 8 the following Sunday I had 6 and on last Sunday I had 11.  In four days I had 39 people visit the home and there have been another 12 with other agents.   Over 50 buyers have seen the house.  I have also had 2 Brokers/agent open houses and had an additional 35 agents come through the home.  Now from September 1 to October 7 I have gotten over 85 people to see  that house.  So don’t let another agent tell you that open houses do not work.

Sellers should also concentrate on an agent in their area.  An agent that has a listing in their own home town is going to work a hell of a lot harder then an agent from outside the area.   Make sure your agent is a full time agent.  Part time agents rarely have the time to invest in selling homes effectively.  If you are going to use a family member or a friend  be sure that they are full time agents and are familiar with your town. 

Thanks for Reading

Bob Sittmann For Morris Plains Home Sales

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