How to Properly Price Your Property

Hello, everyone! Thanks for visiting my real estate blog!

We have a fantastic market for sellers right now. With low inventory, multiple offer situations are the norm. Properly pricing, though, is still important.

Many sellers who overprice their home see a lack of activity and sometimes have to reduce their price. Buyers are educated and want a home in good condition with a matching price tag.

We are expecting a strong fourth quarter and if you are thinking about selling your home, I encourage you to do it now! You can get a great price with your home.

So, if you are ready to make your next real estate move or you know anyone else looking to buy or sell, please give me a call!

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Santa Clarita CA Market Update August 2013

Hello, everyone. I have with me the Time Magazine “Sky-High Housing: Buildings Up, Prices Up.” This is the magazine from September 1977, the year I started my career.

That title describes much of what is happening in our market now. We’ve had a great year and seen prices steadily increase. They're up 35 - 40%.

Interest rates have increased by about one percent in the past 90 days. It did slow the market a bit, but we are still experiencing a tremendous amount of activity.

Inventory has also consistently increased over the past few months, which gives buyers more of a selection. We are seeing some of the more desirable properties still receiving multiple offers.

If you are thinking about buying or selling, don’t wait. Interest rates may come down a little bit, but they won't drop below 4% again. If you're thinking about buying or selling a home now is the time!

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How is the 2013 Real Estate Market?

 
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What’s the current state of the local real estate market?
There aren’t enough houses on the market. Buyers are frustrated with their lack of options.

Will more sellers now get back in the market?
There will be more sellers back in the market once their home prices pass the amount of their loans. Last year there were a lot of short sales and a lot of foreclosures. Now we have a lot less, but we do not have enough standard sales sellers. That will change once people realize they are now able to list, sell and move. The market will stabilize more next year, but right now buyers are having a very difficult time.

How much have home values increased?
Sellers are not used to seeing high prices for their home. It will take some time for them to realize their homes have increased about 30% in the last 18 months.

How fast will a house sell now?
The home will sell very quickly and at a great price.