Multiple Offers Back in Vogue? Everybody Wants, What Everybody Wants!!!

Well it really is Spring in St. Louis MO real estate market! I have been busy with Buyer activity since the return from the Atlanta, GA area.

As is typical in Spring, Buyers are out & about. Two of my educated & qualified Buyers I am working with, in the same day, looked at property they wanted to buy and both were turn away with competition getting the property. Both were under contract prior to our showings. Unfortunately, it wasn't updated in the system yet. It has been some time since I have experienced this. Although, the best & well-priced properties will always sell. One was a one day on the market, value price and opportunity in an desirable area with multiple offers. The other was one that was on the market for over 200 days and must have turned on the Universal Magnetism. It is very interesting how that seems to occur.

The rule is "Everybody Wants what Everybody Wants!" Quoted from Barbara Corcoran. It is so True! So this is encouraging in our market for Sellers. Create what everyone wants or wait & eventually someone will make you an offer! With a caveat, the carrying costs & offer may not be pretty if the property isn't. Buyers need to be alert and not rest on the Buyers market. Remember, it isn't closed until it is closed, so may decide to stay in touch. We can make dreams and goals happen!

Golden Properties Report St Louis MO Area Homes 1st Quarter 2008 Status & Statistics Report

Some Home Sellers and Home Buyers are getting happier! Email request for charts of report regarding 2008 first quarter Home Sales, Status & Statistics of the St. Louis County and St. Louis City home sales! If you would like more details, please indicate specific markets requests by area, school district, type, size, price, or other criteria, etc... whatever, meets your needs.

General Information for 1st Quarter of 2008:
45% Active listings
21% Expired
21% Sold
13% Pending Sale

Basically as many sell as expire their listing period. Keys are right condition, presentation & motivation to get it done. If you haven't had a sale and you meet these criteria you need my help. I will tell you why your home hasn't sold, if you want to get it sold with me. I will be honest with you and get you moving in the right direction with a success strategy.

The list price to sale price and days on the market percentages are below:

0-30 days highest at 96.5% when sold within 25% sold in first 30 days.
31-60 days LP/SP is 95.1 and 30% sold during this period.
61-90 days LP/SP of 93.8 and 14.2% sold.
91-120 days LP/SP of 95% (which could include a price adjustment) and 13.4% sold
120+ days LP/SP 93.7% and 30% (which may include some of the 1/4 listed that became expired listings)

Two closings this week using free money the smart Missouri has available for first time buyer qualifiers. If you are considering buying for the first time or haven't owned a home for awhile, may want to check in & get yours, too... if you fit the target. Call me & I can help you get connected to the biggest MHDC lender in the St Louis MO market. They provide great service and results. Of course, I can help with the home search or connect you to a Realtor that fits your needs.

Statistics from MARIS Rappatoni Multiple Listing System through St. Louis Association of Realtors from January 1, 2008 through March 31, 2008.

Jane Gallagher WPI Golden Properties Direct 314-629-6929

Call me if you want it DONE RIGHT & RIGHT NOW!