Here’s an example of how sales momentum can catch fire when a few remodeled homes hit the market about the same time (addresses are links):
LP = $749,000 SP = $800,000 closed on 6/7/13
LP = $799,000 SP = $825,000 closed on 6/21/13
LP = $799,000 – $859,000 SP = $859,000 closed on 7/16/13
LP = $899,000 SP = $905,000 closed on 10/25/13
Three sold over list price, and the fourth closed at the high end of the range, with a $105,000 increase from June to October – will it stick? Here is a tour of the last house:
