When selling your home, you should know that your home is only worth what a buyer in the current market is willing to pay; in other words, fair market value. This is the highest price an informed buyer will pay, assuming there is no unusual pressure to complete the purchase. It is usually not the asking price. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that you will know if your home is priced right by the number of showings. If it is overpriced, buyers and agents will notice it when it hits the market, but there won’t be a perception of value. Therefore, there will be no showings or offers. Check out below to see what sold in Northville Colony Estates in May 2018:
41191 Knightsford Road, Northville: 3 bedrooms, 2 bathrooms, 1,686 sq. feet, 2 car garage, Sold Price: $320,000
Northville Colony Estates Home Sold
May 2018
42045 Sunnydale Lane, Northville: 4 bedrooms, 2.1 bathrooms, 2,204 sq. feet, 2 car garage, Sold Price: $350,000
Northville Colony Estates Home Sold
May 2018
If a property is priced close to the buyers’ perception of current value, there may be some showings, and possibly an offer below the asking price. Without competition and a sense of urgency, there is no need for a buyer to offer the asking price. For more information on Northville Colony Estates, or similar Northville or Novi neighborhoods such as Lakes of Northville, Orchard Ridge Estates and Roma Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.