Northville Condo Sells for 13% Over List Price
On April 12, 2016, Professional One Real Estate listed the Northville condo at 908 Williamsburg in Northville, Michigan. Within the first full day on the market, the seller received nine unique offers on the property.
On June 8, 2016, the sale of that Northville condo closed at a price that was 13% above the list price.
Professional One Real Estate broker/owner Michael McClure was the listing agent. “When homes or condos are priced properly, this is an exceptional market for sellers,” noted McClure. “We probably could have gotten away with pricing this unit a little higher than we did, but we took a calculated risk–hoping that the attractive pricing would instantly bring more buyers and create a bidding war–and that is exactly what happened.”
“We’ve now had multiple offer scenarios on properties we’ve listed recently in Northville, Plymouth and Canton, and in price ranges from the $200s to the high $700s, so I think it’s safe to say that this is a current market trend.”
“Whether you’re selling in Plymouth, Northville, Novi, Canton, Ann Arbor, Birmingham, West Bloomfield or any other community in Metro Detroit, you simply must price it correctly. Study after study shows the same thing: when you get the price right and you’re in a relatively normal market, you can get multiple offers, and that’s when you really do well as a seller. When you get the price wrong, you can really harm yourself financially.”
“When we work with our selling clients, we always share our Ultimate Guide to Getting Top Dollar When You Sell Your Home Guide with them, specifically so they understand exactly what they need to do to maximize their sales price,” McClure continued. “In this case, we had a client who did basically everything you could ever ask of a seller if the goal was to get top dollar. And that’s exactly what happened. We are super happy for this client, and honored to have been a part of this very successful selling experience. What people don’t always recognize or fully understand is how much of the process they can control, simply pricing their home properly and then doing everything they reasonably can in terms of getting their home ready to sell. When you do those things, more often than not, good things happen. And that was certainly the case here.”