There seems to be some confusion in the market regarding overpricing. I spoke with a homeowner recently who was attempting to sell the property themselves, without the help of a Realtor. After touring the property, I told the homeowner what I thought, the price for the homes current condition. Then I pointed out that if the place were cleaned up and showing better, it could make a difference of $10-15,000. The homeowner informed me that the home was currently listed for $30,000 more than that.

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What is a Vacant Land Condo?

It is a condominium plan where the units consist of vacant units (empty parcels of land, or lots), without structures on them. The purchaser of the unit is then free to construct a building of their design or choosing within the restrictions of the Condominium Declaration. There are common elements in a vacant land condo, such as roads or possibly green space. The vacant land condo concept can not be used where a unit is located above or below another unit, as the units must be a vacant piece of land. The benefit of this is that purchasers are able to choose their building design, but still enjoy common services and facilities.

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Who doesn’t want to make more money? (OK, I didn’t think anyone wouldn’t want to.) I think that everyone has an idea that there is money to be made in real estate. It seems that everyone is looking for an income property, and in fact 70% of the world’s wealth was made in real estate. Everybody has a story that begins “My friend/buddy so and so bought this property, and ….”

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Real estate studies have shown in a steady market that 75% of homes for sale at an accurately calculated suggested listing price will sell within 5 weeks or less.

Moreover, 95% of the homes priced at just 2% under the suggested listing price will sell within 3 weeks.

But if a home is over-priced by just 5% chances are only 1 in 20 that it will sell in 12 weeks or less.

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There is no question that the market in London has slowed considerably after the spring rush. However, houses are still selling. The length of time it takes to market a house will vary. Some properties will sell in just a few days, others may require several months. Following are the six factors that influence the time it takes to sell a property.

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