Ed Grifenhagen's Blog

Market Stats for the Week

egrifenhagen — Mon, 21 Dec 2009 12:52:56 +0000

Here are the stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) real estate market for the two week period ending 12/12/09.

1572 homes for sale (median list price $165,000, median days on market 118 days) 53 homes went under contract (median price $144,350) 80 homes sold(closed) for the period (median price $145,450, median list price/sale price ratio 97.85%, median days on market 96.5 days) 10.81 month supply of inventory

2009 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1670 homes sold(closed) with a (median price $149,900, median list price/sale price ratio 98.16%, median days on market 95)

Compared to: 2008 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1868 homes sold(closed) with a (median price $154,900, median list price/sale price ratio 98.69%, median days on market 106)

Market Stats For The Week

egrifenhagen — Mon, 28 Sep 2009 20:43:53 +0000

Here are the stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) real estate market for the two week period ending 9/19/09

1545 homes for sale (median list price $174,900, median days on market 96 days)

82 homes went under contract (median price $129,900)

60 homes sold(closed) for the period (median price $164,950, median list price/sale price ratio 99.23%, median days on market 82.5 days)

10.97 month supply of inventory

2009 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1272 homes sold(closed) with a (median price $151,125, median list price/sale price ratio 98.26%, median days on market 93.5)

Compared to:

2008 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1556 homes sold(closed) with a (median price $156,000, median list price/sale price ratio 98.75%, median days on market 109)

Tips for Sellers

egrifenhagen — Tue, 23 Jun 2009 10:19:20 +0000

Here’s the question every Seller wants an answer to…Should I select the REALTOR^® who says they can get me the highest price.

Here’s the reality…

This is the oldest scam in real estate: Tell the seller what they want to hear, act excited, and compliment the home to get the listing. Then ask for a price reduction in a few days—or even a few weeks. Don’t buy into that. Insist on a written, well-researched market analysis. Select your REALTOR^® based on character, trust, credentials and track record, and then use market data to decide on price.

The weatherman doesn’t determine the weather, he/she just reports on the evidence. A good REALTOR^® doesn’t determine the market, he/she just reports the evidence. Therefore:

NEVER SELECT AN AGENT ASED ON THE PRICE THEY RECOMMEND!

Tips for Buyers

egrifenhagen — Tue, 23 Jun 2009 03:09:12 +0000

10 QUESTIONS TO ASK A HOME INSPECTOR

What are your qualifications? What associations are you a member of?
Do you have a current license? Inspectors are not required to be licensed in every state.
How many inspections of properties such as this do you do each year?
Do you have a list of past clients I can contact?
Do you carry professional errors and omission insurance? May I have a copy of the policy?
Do you provide any guarantees of your work?
What specifically will the inspection cover?
What type of report will I receive after the inspection?
How long will the inspection take and how long will it take to receive the report?
How much will the inspection cost?