How Quickly Can You Sell A Second Cup Of Lemonade, Or Your House?


How Quickly Can You Sell A Second Cup Of Lemonade, Or Your House?
By Scott Rogers • June 29, 2023
Let's say you set up a lemonade stand early on a Saturday morning around 8:00 AM. Before you can even put the last sign up, you have your first customer at 8:04 AM. After you sell them that cup of lemonade, you are excited for the rest of the day and you start squeezing lemons for a second batch of lemonade because you just know that you'll have a strong day of lemonade sales, probably with a new thirsty customer every few minutes. Four hours later you sell your second cup of lemonade of the day. As those four hours passed by, without a second customer, you start to realize that... Just because the first lemonade customer showed up quickly, that did not necessarily mean that there would be lots and lots of lemonade customers that day. Maybe there is only one person in the market for lemonade in your area right now!?! How, might you ask, does this relate to real estate? :-) I'm glad you asked... When you are getting ready to sell your home you might look around at recent sales and find that one of your neighbors recently sold their home -- and that it went under contract very quickly, and sold at or above list price. That would likely cause you to conclude that when you list your home for sale you will also find a buyer very quickly and sell at a great price. That may very well be the case! They might have had 10 showings and 3 offers, and you might have 9 showings and 2 offers. Great news for you if that is the case! Or... maybe there was only one buyer in the market (right now) for a house like your neighbor was selling and that you are selling... maybe they had 3 showings and 1 offer, and you might have 2 showings and no offers. Not quite as exciting for you. So just as we concluded with lemonade... Just because the first lemonade customer showed up quickly, that did not necessarily mean that there would be lots and lots of lemonade customers that day. Maybe there is only one person in the market for lemonade in your area right now!?! ...so it goes with any particular house given its price, location or property type... Just because a house sold recently, very quickly, at a great price, that does not necessarily mean that there are lots and lots of other buyers currently in the market for your very similar house. Maybe there is (was) only one person in the market (at least for now) for that particular type of house given its price, location and property type. So, how do you know what situation you'll be in as a lemonade or house seller? When selling lemonade, you won't know how quickly you will (or will not) sell that second cup of lemonade until the minutes or hours start going by with or without any lemonade sales. When selling a house, you won't know how quickly you will (or will not) sell your house until you have your house on the market and you can start seeing how quickly showings are (or are not) being scheduled. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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