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In The Market vs On The Market

Tuesday, October 18, 2016   /   by Jason Huerkamp

In The Market vs On The Market

Is your home "In the Market" or "On the Market"

Whats the difference?

When you decide its time to sell your home you call in a few agents and they give you a CMA and with that information you choose the best price for your home and the Agent you wish to represent you. Then you either price it correctly or not. 

When the home is priced incorrectly, it could affect the way your home is seen and how many viewings it will get.

Pricing Your Home In The Market vs On The Market

When you home is priced In the Market it means you will get many showings and your house will probably be sold very quickly and could get multiple offers which will give you the opportunity to get more for your home than the asking price. Your home will need to be in a great condition as most homes will be.

Pricing your home in No Man's Land that means you will likely get a few showings. Feedback may include things such as nice home, overpriced. Pricing in no man's land is when your home is helping to sell more homes that are priced in the market. Be careful to leave your home in that price range too long because you could miss your market completely and end up accepting less than you would have if you were priced correctly from the beginning.

Out of the Market is simply that. You price your home way above the market price where buyers who would be interested in your home are not even getting to see its on the market. When you price out of the market the property is being compared with homes that are out of your price bracket and this really can adversely affect your property. 

When we are in a Seller's Market this is how the big picture looks. When we are in a Sellers Market, you home can be priced at virtually any amount and there will be interest in it. The condition can vary and buyers will still look at it and offer.  No man's land is a small band.
Sellers Market Graphic

This is the Buyers Market Graphic. You can see that there are a small area of great condition priced well homes. The out of the market section is huge and does not even reach the potential buyers. It can be used as a Springboard by some agents to get other homes sold. 
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When getting your home listed choose the right agent to represent you. Their skill and knowledge about the market, marketing and negotiating is paramount to getting your home sold in the shortest possible time for the most amount of money with the least amount of hassle.

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The Huerkamp Team are your real estate specialists in the Twin Cities and surrounding communities of Minnesota. We are ranked in the top 1% of agents nationwide! The Team is dedicated and experienced in the Twin Cities real estate market and we look forward to being your real estate agent for life! You will have a great experience buying or selling real estate.  We have many raving fans and the experience to deal with your real estate transaction.

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Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306
612-314-6330

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated November 15, 2019