Does Your Realtor Know the Absorption Rate? Understanding Trends When Selling Your Home
By Jeremy Williams, Real Estate Team Lead and Real Estate Coach
(Red Hawk Coaching and Red Hawk Property Team powered by JLA Realty)
Why is it important for your real estate agent to understand absorption rates when selling your home? Probably the most important reason is you are moving somewhere else after you sell your current home, and you must plan accordingly. Planning how to market and price your home utilizing absorption rates can assist in making the process more seemless as opposed to haphazard. Here is a real life example of an absorption rate for a master planned community in the northeast Houston, TX area - Summerwood (a master planned development by Newland Communities). Note that an absorption rate is not an exact science, but using an absorption rate to understand trends can be helpful. Absorption rate may vary depending on the criteria used to define the subject data. So this following example in...
Comments
2