Posts Tagged ‘womens shelter’

Well last Saturday I held my first garage sale.  When I told my neighbor what I was doing she told me “that garage sales are a whole lot of work with very little reward”.  She could not have been more correct.  I met a lot of very nice people and I learned a lot.  First no one wants any VHS tapes VHS players or tube TV’s.  No one wanted any of my hand carved ducks. No one wanted my20 year old micro wave oven.  My 90 year mom stopped by and was my greeter.  I finally had to ask her to leave when she insisted on telling some of my lady patrons that they are too”large” to wear those jeans.   I was mostly successful in selling most of the crap but toward the end I was just giving stuff away so I did not have to but it back into the basement.

A woman from the Morris County Women’s Shelter came by and did take some of my son’s sweat shirts and pants.  It broke my heart when she told me that many of the kids show up at the shelter with the clothes on their backs.   I wish I had more to give them.

What’s going on in Morris Plains?  Well we have 27 homes for sale in April. They have been on the market for an average of55 days.  5 homes are in Foxwoods, 3 homes are priced lower than 400,000, and we have 3 priced lower than 500,000.  6 homes are priced lower than 600,000 and 2 homes priced under 700,000. We have one home at 724 and one home at over 1million.

14 homes are under contract so far in April and where sold on average in 87 days. Three homes have closed as of April 22 and where on the market on average of 103 days.  The ratio between list and sale price in Morris Plains is about 95%.

The absorbtion rate for Morris Plains is 2 months for homes priced under 500,000 and 4 months for homes priced over 500,000.  If your home has been on the market for longer then the above reference months you may want to review the marketing plan your current realtor has in place.  Are you priced competitively?  Morris Township Denville Hanover all have home that are competitive to Morris Plains.  If your home is on the market for over 30 days with no offers lower your price 5 percent.  In this market no one is going to overpay for a home when they do not have to.  Yes we live in a great town but we have to be realistic in our home pricing.  I have a client who is looking at homes priced between 300 and 400,000.  They have been in one home a number of times and they really are interested in it but the price is just too high. 

 This is a great house great town great location in a really good shape it has everything.  The problem is that the home is over priced.  The house has had a ton of activity. No offers.  The listing agent called me today to see if my people will make an offer.  She told me that the owner is discouraged that no one has made an offer on her lovely home.   All this house needs to do is lower its price by 5% and it will get multiple offers and will be sold in no time.

If you are going to sell your home listen to your agent about pricing.  They know what your home’s value is in today’s market is.  If you are not willing to listen to a professional’s opinion then why are you hiring them?    A lot of head aches and heartaches can be avoided.

There are 5 homes in Morris Plains that have been on the market for over 100 days.  Some of the homes that are listed have been listed multiple times with different agents and have been on the market for years.  These houses have been seen by every agent in Morris County and they all know that the home is over priced.   Selling a home is not magic, buyers do not just appear.  Remember in selling your “hope is not a strategy”   A seller in today’s market must know what they are up against not only in their town but other towns in the area.  Sellers need to have realistic expectations about the value of their home.  If 3 Cape Cod style homes in your town sell for 425 your house will not sell for 500. If they are hoping to get their price on an over priced home they could be hoping for a long time.   

If you know of a home in your neighborhood that has been on the market for longer then 3 months and you have any questions about it give me call.  Thanks for reading my Blog Morris Plains Homes. 

Here is the Quote   “There are so many men who can figure costs, and so few who can measure values.”  Author Unknown