The Perna Team Blog - Blog Archive: April, 2021

Selling your home in one day means leaving a lot of money on the table.

  

Recently, I’ve seen agents and sellers alike sharing stories about how they were able to sell a home within a day. Well, there’s a problem here: If you’re going with a buyer within the first day, you’re probably leaving a lot of money on the table. With so much demand, it pays to let multiple offers roll in, choose the best one, or create a counteroffer. You simply can’t do that in a single day, and today I’ll be explaining why.

For your convenience, I’ve included timestamps for today’s video topic. Feel free to navigate to the section(s) you’re most interested in viewing:

0:05—Introduction on why selling in one day is the wrong route to take

0:51—The average…

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I typically get this question about once per month, but I've asked about it twice this past weekend, so I thought it would be great to address it in a video.

Before we get to that, just a couple of quick updates on the market - over the past 30 days we have seen the number of homes on the market jump almost 50%. We aren't quite back to a balanced market yet and are still experiencing a strong seller's market for the time being, but BUYERS this is your time to act if you have lost out on a couple of homes and/or are struggling to find the right home for you and your family. Interest rates are remaining low, so if you have been thinking about making a move, act now to take advantage of these rates while they are still available!

On with the…

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March 2021 Market Update - Are there REALLY no homes for sale? Is the market getting ever crazier, or starting to cool off?

  

March was an extremely exciting month in the real estate market and very much so here at The Perna Team. 

We've been hearing over and over that there are no homes on the market, but we have some great data around this to share. Taking a look back at the numbers in the Metro Detroit and Ann Arbor area, in February of this year we saw 4,573 new homes go on the market. In March that number grew to 6,160 new homes, providing a 26% increase in the number of properties on the market. Looking back at the inventory from year over year, we were down in 2021, but only by 487 homes. Also, we do anticipate seeing the number of…

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Here’s how we’ve been helping scores of families buy homes in this market.

  

It’s the news you’ve been hearing and the pain you’ve been feeling for quite some time now: This extreme seller’s market makes things impossible for buyers. Less experienced agents will parrot this narrative, but here at The Perna Team, we’re not obsessing over the difficulties of the market. That’s because, in this past month alone, we’ve helped dozens of families secure the homes they want. Many of our winning offers weren’t even priced the highest; all of these satisfied buyers followed our eight-point strategy for standing out amongst the competition. 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel…

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