Because it shouldn’t be any other way!
RSS icon Home icon
  • Reat Estate Statistics

    Posted on June 15th, 2013 acimetta No comments

    Here are some recent facts pertaining to the real estate market:

    1. In May, 40% of Americans said it was a good time to sell a home, up from 30% in April and 16% a year before, according to a survey from mortgage giant Fannie Mae.

    2. U.S. home prices jumped 12.1% in April year-over-year, marking the 14th consecutive month of gains, market researcher CoreLogic says.

    3. Nationwide, the supply of homes for sale in April was up 4% from January, when adjusted for seasonal patterns, says Jed Kolko, chief economist for real estate website Trulia.

    To see the full article go to http://www.usatoday.com/story/money/business/2013/06/10/americans-home-selling-fannie-mae-survey/2409835/.

     

    Because prices have started to rise, and in some cities at a quick pace, sellers are starting to feel that this is a good time to sell. If we start to get more inventory, we may see a more balanced market and prices could slow down. Until then buyers will continue to push prices up as they compete for properties.

    In Manhattan Beach, Hermosa Beach and Redondo Beach, we can see prices increase from one week to the next. As each property is sold, a new bottom is set. Buyers who consistently  miss out on properties to stronger bidders learn that they have to be overly aggressive in order to get their offer accepted. Buyers are coming in with all cash, large down payments, and they are offering well over the asking price. Appraisals are being waived. Contingency periods are being shortened. The one thing that can slow this down right now (all things being equal) is an increase in inventory.

     

  • Real Estate Advice: how do we make our condo stand out to sell if there are others asking less $?

    Posted on February 14th, 2013 acimetta No comments

    If you think your home has been upgraded or has somthing special that separates you from the rest than asking more money will be okay, but these attributes need to be apparent to the buyers. And if it’s not apparent to you, then for sure it’s not going to be apparent to them. So let’s go over some of the possible features or selling points:
    1.You can talk about the amount of money you spent on upgrades.
    2. Point out any high end features such as granite, hardwood, travertine, updated windows, etc.
    3. Maybe you’re in a great location or a reputable school district.
    4. The floorplan can be a huge selling point.
    5. Do you get a lot of light in your condo? End units and top floor units tend to do better in sales.
    6. Can you put a washer & dryer in your unit?
    7. How may parking spaces do you have?
    8. The other thing to consider is the building. Does it have a lot of amenities? What type of condition is it in? This could add or take away from the value of your unit.

    If you have things listed above that your competition doesn’t have, then you may be able to get the higher price.

    And remember, you need to make sure your condo shows well. Keep it clean; keep it well lit. You could put together a sheet (handout) of all the features of your home that make it worth more money.

    If you haven’t already, you may want to check the recent sales for condos similar to yours. If they’re selling for less than what you’re asking, then you may want to reconsider your price.