When it comes to real estate price matters. Most real estate professionals will aim to price your home at fair market value at the onset and some sellers are on board, others are not. It has been a rough realization for many to acknowledge that it is a buyers market out there. It has been an unknown in recent months as to whether home values will continue to drop, sta
bilize or improve and every market is different. Regardless of what is going on, if your home isn’t selling then you may want to reduce its price. This is especially true when one is dealing with sophisticated buyers who are doing their homework ahead of time on the real-time internet – such as those searching in Malibu,CA or Calabasas,CA or Pacific Palisades, CA or Santa Monica, CA or anywhere else.
Whether your home is seeing a lot of potential home buyers or very few, if you haven’t had an offer there could be a few factors. What is your home lacking? Can you fix what your home is lacking? Chances are that if your home is on the market for sale, you are ready to sell it and you are not going to make any large changes to it. The one change you can make is lowering the price. Money matters, more today than ever. If someone sees a home for sale at what they see as a bargain price then they are much more likely to make an offer. Currently the well priced homes are actually entertaining multiple offers – sellers, it is nice to have a demand on your home as generated by multiple offers. Today is a good example where I showed a beautiful home to my buyers and learned it is now starting to receive offers when it sat on the market for over 8 months with no offers at the higher price.
Can you afford to hold on to your home until prices start appreciating again? If so keep your price where it is. If you need to sell then lowering the price could be the key to selling it now.
Click here to read an article from House Logic on reasons to lower the price of your home.
If you are interested in leasing, purchasing a property or selling a property in Malibu, Pacific Palisades, Calabasas or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
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