Good news, folks! The local real estate market remains strong, despite the ominous messages from the national media. Interest rates remain around 6% for a 30-year fixed mortgage and we continue to see appreciation in our homes.

Some things have changed, though. Appreciation over 2006 slowed down nationally to an average of 5.87%. Tallahassee averaged 8.77%.* Local real estate remains a good investment.

Our supply of homes is more than double from 2005. That gives buyers a healthy choice.

For sellers to compete, they must set a realistic price – no more reaching for the stars – and be willing to negotiate from there. And, realize that it will still take a few months to sell.

Homes must be in superior condition. Ideally, all repairs should be completed prior to marketing the home. Next, your REALTOR® can assist you with “staging” – rearranging furniture and decluttering. Use neutral paint colors, replace outdated flooring, and recaulk bath areas. Hardware on front doors should be sparkling and lawns should be well-manicured. Garages should be well-organized, and mailboxes
need to be rust-free.

Over 70% of buyers first shop for a home online, and then work with a REALTOR®. Your REALTOR® has access to many websites that are available only to professionals but are publicly accessed. Make sure your REALTOR® uses a variety of marketing media for your home.

Don't miss the selling season – call your REALTOR® today!

Written By: Christine Williams ABR, CLG, CRS, CW Real Estate Sales