What is an Absorption rate and why should you care?
The absorption rate is a figure that tells you how long it will take to sell your home in current market conditions.
Definition of Absorption Rate
The rate at which properties are able to be leased or sold in a given area.
Filed under: Market Statistics, Sellers on April 4th, 2008 | 1 Comment »
I just returned from a weekend get away to Deep Creek lake and am catching up on my real estate news. I came across this article on cnn money and thought I would post it. It was posted March 1st.
Say good-bye to granite countertops
It pretty much touches on what I said in my last blog [...]
Filed under: Sellers on March 3rd, 2008 | No Comments »
Every year Remodeling Magazine & Realtor Magazine release their Cost vs Valuereport for the prior year. This is their 20th year of doing this annual report. If you are thinking of selling your Cecil County home or Harford County home in the near future you should concentrate on exterior upgrades. That is what the results from this [...]
Filed under: Sellers on February 29th, 2008 | 2 Comments »
Gone are the days of slapping up a for sale sign in the yard and getting multiple offers without having to do any work to your house. House prices are falling. The median sales price for Cecil County homes in January was $219,000. It was $275,000 last January. The median price for a Harford County home [...]
Filed under: Sellers on February 27th, 2008 | No Comments »