Here in the Northern Kentucky and Greater Cincinnati area the real estate market has taken quite the change. The mounds of foreclosures, short sales and overpriced houses has dramatically decreased. Inventory is so low that buyers are waiting to pounce on anything decent that becomes available. This has created a cool effect for sellers who are brave enough to price their homes aggressively. They are getting multiple offers and are selling extraordinarily fast. Like, 2, 3 or 4 days fast!
Ever hear of a pocket listing? Probably not unless your Mama is a Real Estate agent. Pocket listings are houses that us Realtors have the inside scoop on. Homes that are being prepared for the market but aren't yet ready. We share these pocket listings with each other and in this type of market where inventory is so low... these pocket listings can sell before they even hit the internet! Now it makes sense... those homes that take zero days on the market to sell. They were pocket listings!
So, if you know you want to sell but you are waiting on the husband to finally fix that squeaky door. Or you are waiting for your college aged children to go back to college... let your Realtor know about it! Invite them over to take a look and ask them to share the word with their co-workers. How sweet would it be to sell your house without having to deal with showings and keeping it squeaky clean 24/7? Pretty sweet.
And, of course, if you don't have a Realtor to share this info with...feel free to let me know. I have connections across the country. And a big mouth!
Brianne Kroger is a Real Estate Agent working for buyers and sellers in the Greater Cincinnati and Northern Kentucky area. This blog is a way to connect with anyone interested in the good, the bad, and the ugly of the real estate market. Feel free to contact Brianne with any questions at brianne.kroger@cbws.com or 513-271-7200.
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