In order to buy a Dallas Georgia home from the “Low Price Leader,” you must understand who the low price leader is going to be. Just like any other product that is bought and sold, real estate is affected by supply and demand. By determining the absorption rate we can tell who the low price leaders are in the market place.
Statistically, Dallas Georgia homes priced between $125,000 to $150,000 on the market longer than 90 days have a 73.4% chance of not selling at all! The Dallas Georgia homes that are pushing 90 days on the market are a large portion of the homes you want to focus your search on. These sellers are beginning to believe they are not going to sell. They are also getting realistic on their price expectations.
The other part of the equation is to focus on Dallas Georgia homes the come on the market priced at what we call the “Sweet Spot.” What is the “Sweet Spot?” It is the price point where the homes will sell in days, not weeks or months. Let’s look at the below example, it is a for all the Dallas Georgia homes priced between $125,000 to $150,000 in August 2011.
Current number of homes on the market :133 :____
Number of homes that failed to sell in the past 12 months :508:____
Number of homes that Sold in past 12 months :177:____
Total number of homes sold per month :_14.75:_
Total Months worth of Inventory :9.01_ :__
Current number of homes on the market :_133 :___
Number of new inventory for this period :_33.25:__
Total Inventory :_166.25:_
Number of Homes that will sell :_44.25 :_ ___26.6%____
Number of Homes that will not sell :_122: ___73.4%____
Average Sold Price during the last 12 months _$130,330_
What this tells us is the average sale price in last 12 Months. So, what is the “Sweet Spot?” Any Dallas Georgia Home in the $125,000 to $150,000 price range that comes on the market at or under $117,300 is in the “Sweet Spot”. This is no SECRET….. The REAL SECRET that eliminates almost all of the competetion is to work with Craig Summers, your Dallas Georgia Real Estate Agent, to find the homes pushing 90 days on the market and are priced to high. Remember, “These sellers are beginning to believe they are not going to sell.” So we find these Dallas Georgia home sellers and make them an educated offer showing them the market statistics show they have a 73.4% of not selling if they pass up our offer.
For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $150,000 with prices, addresses, and descriptions click the link, fill out the form below or call 877 566 0511 Ext. 4010