Irrefutable Laws of Honolulu Real Estate
September 22nd, 2008 categories: Rants & Riffs
Down Town Honolulu from the Super Ferry
Joe Manausa, of Century 21 First Realty, in Tallahassee, Florida, recently posted a terrific blog entitled “The Four Irrefutable Rules Of Seller Home Pricing”. All four rules apply to selling Honolulu real estate. Here is a bit of the post, CLICK HERE TO READ THE ENTIRE POST.
“Homes that sold tell us where the market …. WAS – The average time it takes to get a home closed, after a contract is ratified, is 48 days. Considering that most Realtors and Appraisers look at comparable home sales (from the past 6 months) as their comparison to the subject property, most of this data is based upon a decision that was made somewhere between 2 months ago and 8 months ago. Think about it, if we look at a home sale from June, it probably went under contract in April, meaning 5 months ago.”
-Joe Manausa
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