Have We Seen The Worst Of The Real Estate Market In San Diego? What To Expect For 2011. -Rina Podolsky Carmel Valley Real Estate-

Have we seen the worst of the Real Estate Market slum or are we still on the way down? That is the main question that analyst are asked. As we begin 2011 there are many factors that will determine the behavior of this market on the year to come. Although there is no clear consensus, the majority of the experts predict that we are either bouncing at the bottom or on our way out of it, there are some that still predict a 5% slide in some areas. The Real Estate Market in some parts of California like Del Mar, and La Jolla are believed to be on their way out however to get a better understanding of what is ahead, here is a look at what experts look are looking at.

The determining factors that will come into play this year are mainly 4

• Unemployment.- Much of the markets bounce back is now hinging on this indicator. It is clear that if people don’t have jobs they will not be able to buy a home but it is also important to understand that even people who have a job need to feel that job is secure to feel they can take on the responsibility of home ownership. If the Job market gets stronger and companies start hiring instead of letting go of personnel that will help the housing market greatly.

• Mortgage Rates.- Home affordability is now at a great level. One of the upsides to the National crisis is that with home prices having dropped an average of 29% nationally and Mortgage rates being at historically low levels, many people who could not afford to buy a home are now able to. Even though credit has been challenging to get and underwriters are being very strict with the loans, there is an important sector that does qualify in today’s market conditions that would not have done so before. Mortgage rates have gone up for five consecutive weeks, yet they still remain at a low level, if they continue to go up, the affordability will be affected and in those cases prices will need to adjust down so that buyers can continue to buy. If the rates remain steady then prices will most likely do the same.

• Home Inventory.- There has been a lot of talk regarding the large inventory of homes that are in some stage of the foreclosure process and of how those homes threaten to hit the market and like a new wave that consequently will bring prices down once again. It is very important that we understand some key differences between the situation of that first wave of foreclosures and the next one. After the market crashed, new construction came practically to a screeching halt. Builders main focus was to get rid of their inventory and they all but stopped planing new projects. Also, banks had no systems in place to deal with loan modifications, short sales and foreclosures. Not that what the banks are doing today can be considered efficient or a well oiled machine, but at least there are more systems in place. Banks also understand very well by now that if the market has a big slide, they, as property owners which they have undoubtedly become, will be very hurt. If instead, they control de speed and amount of foreclosed properties coming into the market, they are being greatly benefitted. Banks are more open to bulk transactions, homes are being sold more often at court steps, lenders are making some efforts to get short sales approved, loan modifications work. I do say some efforts because they are still very far from I would say they are efficiently doing either one of those.

• Government programs.- Last year the government implemented tax credits that were succesful in getting buyers off the fence and getting the Real Estate Market moving. Once those credits expired the market definitely stalled again, it did not stop but it certainly slowed down. The government has said that they will take a detailed look at two of the most important agencies. Fannie Mae and Freddie Mac will be revised and the president has said that in the coming months there will be some serious changes to both. That will very likely have an effect on how the market behaves, specially since in todays market, it is said that 9 out of 10 loans are backed by one of those two agencies. Emile Haddad, chief executive of FivePoint Communities Inc said that due to this key factor he believes the market will remain steady for all of 2011.

One thing I do know is that I agree with Richard Green, director of the USC Lusk Center for Real Estate, the recovery will not happen evenly across the country and talking about California’s Real Estate recovery in particular it will happen in the areas near the coast first and way before the areas like Riverside or San Bernardino. Once again we go back to Real Estate’s cardinal rule, Location, location, location!  As he explains itat there are not enough high earning people in the later areas whereas Del Mar, La Jolla, Newport, San Francisco, Beverly Hills, etc. as he said

” A place like Silicon Valley, or a place like West Los Angeles, there is a critical mass of very high-income people.… That means you have a large number of people who can afford to spend in the neighborhood of $1 million on a house, and these are desirable places.”

So he believes that these areas will se a return to their peak levels within 5 years, where the other areas, will take much longer and will have to change the product they offer to cater to a different income market before they can see a comeback.

The one thing that most if not all experts agreed on is that bottoms are really hard to pinpoint, usually people can only see the bottom when the uptick is already strong. The one thing that is clear is that this a good time to buy, specially because of the combination of low prices and low mortgage rates that will not be seen in many years to come.

If you have any further questions or for information regarding The San Diego Real Estate market you can go to our web site www.SanDiegoExclusiveProperties.com or contact us and we will be happy to help.

Best Priced Homes In Rancho Santa Fe 92067 – Rina Podolsky Carmel Valley Real Estate-Rina & Sergio San Diego Exclusive Properties-

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Being a Real Estate agent, there are some questions that I get asked very often, most of them can be summed up basically in How is the market? Have we hit bottom yet? Is it the right time to buy or sell? and, How much is my Home worth? That is as far as people’s questions for me go. Now the most common answer I get is when I ask a buyer, what are you looking for? the most common answer has to be…A deal! There is no, I want to buy a 4 bedroom home in Carmel Valley or a single story house in La Jolla, no I want a home in Rancho Santa Fe with 2 acres of land, it is a one answer fits all!

Now, a deal is something that needs to be defined carefully, it does not mean the same thing to everyone, you have to pay close attention to different variables. However, I will be putting together periodical postings of  “Great Deals”. This time I am starting with incredibly great priced Homes for Sale in Rancho Santa Fe, California. As you very well may know, Rancho Santa Fe is considered one of the most expensive zip codes in the country.  In today’s market, that is precisely where any expert will agree, you will find the best opportunities in our current market, The high end Real Estate Market was slow to feel the crash of the housing market, yet it has felt it by now and continues to do so. There are multiple reasons that explain this but the most important ones would be the lack of jumbo loans and the fact that many people who own expensive homes held on longer to their properties but have started falling into foreclosures a little later in the game.

Here are my top picks por great priced properties in Rancho Santa Fe:

*Click on any of the images bellow for more detailed information.

Deal #1 @$191 per S.F.

1.- $191 per S.F.!!!!

Pool

Entrance

Living Room

Deal #2 @$299 per S.F.

Pool

Kitchen

Kitchen

Family Room

Deal # 3 @ $307 per S.F.

$307 per S.F.

Backyard

Pool

Expansive Yard

Tennis Court

Balcony/View

Kitchen

Office

Deal #4 @ $311 per S.F.

$311 per S.F.

Indoor / outdoor Living

Exposed Beams

Kitchen

Indoor Pool

Deal # 5 @ $316 per S.F.

$316 per S.F.

Unique Adobe Style Entrance

Vega Wood Beams

Living Room

Kitchen

Master Bedroom

Outside Detail

Deal #6 @ $339 per S.F.

$339 per S.F.

Pool

Foyer

Family Room

Kitchen / Nook

Dining Room

Dining Room

Master Bedroom

Office

Deal #7  This is more of a special mention. It is NOT yet completed!!! It will require some money to be built out. $156 per S.F.

Bank Owned Home $156 per S.F.

If you would like any details on any of these Homes for Sale please contact me and I will be happy to provide them for you. This are great buying opportunities in a a very exclusive area that will eventually get back up. It has the name, the great schools and prices won’t stay low forever, and even though the high-end market it’s not expected to come back for a year or so, this homes are way bellow market value so that even with falling prices you are still buying a great deal!

As far as Market Statistics for Rancho Santa Fe, there are currently 213 Homes listed for Sale 9 Homes listed as being Contingent, 27 Homes in Escrow and 11 Homes that have Sold in the last 30 days. Of the homes that Sold in the last 30 days They had the Following averages: 130 Days on Market, Sold for 89% of Asking Price, at $424.67 pers S.F. $2,946,172 was the average selling price.

Please leave a comment or if you have any questions you can contact us at www.SanDiegoExclusiveProperties.com or Follow us on Facebook http://www.facebook.com/?ref=logo#!/group.php?gid=123662939207 and twitter http://twitter.com/RinaPodolsky

Del Mar California, How It All Began And Its Real Estate Market Condition Today -Rina Podolsky Carmel Valley Homes For Sale-

One of the Most beautiful areas in San Diego is an area called Del Mar, it is nestled between the Pacific ocean and the Freeway 5. Home to the World Famous Torrey Pines Golf Course as well as the Del Mar Fairgrounds Racetrack. It is an area filled with history and most of all natural Beauty. Home to many artist and personalities. It is among the most exclusive communities in San Diego and it is known for having the feel of a small town, with beautiful and very unique homes. The breathtaking views don’t hurt either.  As if all that was not enough incentive to jus buy a home and move here, it also has some of the highest ranking Public Schools, from Elementary all the way to High School.

Every time I have had the opportunity to sell a home in this beautiful area I am reminded of how lucky I am to be able to work in this part of the world.

I have compiled a brief snapshot of this area, including its History, some pictures and the state of its Real Estate Market.

According to the local Multiple Listing Service, Del Mar California has the following statistics:

active Homes(for sale):  191________144 Detached________47Other

Contingent Homes:              7_________1    Detached_________6 Other

Pending Homes:                  20________15  Detached _________5 Other

Sold Last 30 Days:              12________9      Detached_________3 Other

The averages for the properties that sold the last month are as follows:

72 Days On Market

95% Of the asking Price (SP/AP)

$718.10 per S.F

$1,677,150.00

This are the Statistics for the properties currently listed for sale:

126 average _______________2 to 1,212 Days On Market

$970.25 average___________$223.37 to $7315.79 Price per S.F.

$2,679,000.00 average_____$164,900 to $61,000,000.00 Asking Price.

The Most expensive listing in Del Mar can be viewed in one of my previous post Top 10 Most expensive Homes For sale in San Diego .

 It happens to be the #1 MOST expensive home currently for sale in all of San Diego!

I have driven up and down the stretch of Hwy 101 that extends from Carmel Valley Road up to Via de La Valle hundreds of times. It is one of my favorite areas of San Diego yet, I had never questioned how it all came to be.

This piece of heaven also called Del Mar California has the feel of a European medieval town, with the atmosphere of a small community and some of the most stunning ocean views that never end.

So, how did it all get started? When did it begin?

I found some information on Del Mar ‘s history through it’s own historical society.

According to documents found the date when you could say everything was set in motion was on August 14 1882, the day the railroad tracks were laid along this stretch of coastline in the effort of uniting San Diego and San Bernardino.

The man in charge of overseeing the project was Theodore  M. Loop, an engineer and contractor. He set up camp in a beautiful parcel of land that he referred to as “the most attractive place on the entire coast”.  At first this man had laid down a tent city and right away built a house for himself and his family. It was his wife Ella who named it, Ella, called it “Del Mar” – words taken from a popular poem, The Fight on Paseo Del Mar.

Loop met a gentleman named “Colonel” Jacob Taylor who suggested they develop the area and build a town here. It was 1885 when he purchased 338.11 acres at the northern end of the mesa from homesteader Enoch Talbert. It is said that he paid $1,000. And at this, Del Mar was officially founded.
Taylor had a very clear picture in his mind of what the area was to become. His plan was for this to be a playground for the well to do, a seaside resort for the elite. The visionary designed and built a town whose focal point was Casa del Mar, a hotel-resort. Other town attractions included a natatorium, dancing pavilions, and a bathing pool extending from the beach out into the sea.In 1889 tragedy struck and the main attraction, the hotel, burnt down to the ground and so the town was left without it’s focal point. This together with the struggling economy left the small town in a dormant state for at least 15 years.

It was until the beginning of the 1900 when The South Coast Land Company hired a prominent Los Angeles architect, John C. Austin, to draw plans for a new hotel, the Hotel Del Mar. The hotel opened in 1910, and fulfilling the original plans for the area, the elegant hotel served as a magnet for Hollywood stars of the silent film days.

From 1912 till 1920 beautiful new homes began to appear around the new town and many of them soon became landmarks. Construction was halted in the 1930’s

Still it was during this time in 1933 when the search for a site to host the San Diego County Fair began. Ed Fletcher suggested that the 184 acre site in the San Dieguito Valley – just off the main highways and the Santa Fe Road – would be easily accessible and a perfect setting for a fairground.
It was on October 8, 1936 when the fair opened with an attendance of fifty thousand guests.

Bing Crosby made the Del Mar Turf Club a reality and Pat O’Brien became the Vice President. The Race track opened on July 3, 1937,and with it a new era began in Del Mar. The track was hailed as Bing’s Baby or Movieland’s Own Track. In 1938, Bing recorded the song that would open and close everyday of racing since those early days – Where the Turf Meets the Surf (click to listen to the song).

The race track brought A list celebrities and personalities every year, and many of them decided to set up homes in Del Mar, among them Lucy and Desi, Burt Bacharach and many others.

However during World war II the race track had to be closed and converted into a bomber tail assembly production facility until 1945 when racing returned to the the track.

The city of Del Mar was incorporated until 1959. During the following two decades everything was mostly quiet in the area. There was a growing movement of people in Del Mar whose goal was to beautify and maintain the open space, and it was at this time when the gorgeous Seagrove park with its grassy are overlooking the ocean was created.

Today the centerpieces of new Del Mar are L’Auberge – a beautiful hotel designed with the Stratford Inn in mind – and just recently renovated. And the elegant shops and boutiques of the picturesque seaside shopping center, Del Mar Plaza. Its selection of restaurants provides great taste, mood, and rave reviews.

Del Mar has maintained it’s picturesque main street, it’s small upscale town ambiance, with beautiful homes each one unique and different from the rest, some landmarks in their own right some brand new.

Today Del Mar Zip Code is 92014

For more detailed information you can visit my web site http://www.sandiegoexclusiveproperties.com/ or contact me by:
email info@sdexclusiveproperties
twitter www.twitter.com/rinapodolsky
facebook http://www.facebook.com/group.php?gid=123662939207&ref=ts

You can even search properties in Del Mar just by going to our web site

All the information in this blog has not been checked, it is believed accurate but not guaranteed.

San Diego Real Estate Blog

via mysandiegorealtor.wordpress.com

Did you know… you can transfer your lower property tax base to your new home??? Here is how!

How You Can Transfer Your Lower Property Tax Basis To Your New Home -Rina Podolsky -Carmel Valley Real Estate Homes For Sale

For some people, the idea of buying a NEW HOME sounds appealing. They have their finances in order, qualify for a loan and have the Down Payment ready to go, but if they purchased their current home many years ago, they might end up paying a much higher property tax, and that might be stopping them from going forward with the purchase. For example, lets say a couple purchased a home in Rancho Santa Fe in 1995, they might have paid $800,000.00  and now they want to sell their Rancho Santa Fe property and  buy a home in Del Mar. The new home has a price of $1,500,000.00 and their current home will be selling for $2,500,000 so even though they are downsizing the property tax that they will be paying on the new house is almost double of what they are currently paying.

There are two Propositions in the state of California that allow you to transfer your current tax base to your new property, those are prop 60 and prop 90.

Now there is a catch, actually more than a catch there are several restrictions in order to qualify for either one of this propositions.

1. One of the owners must be 55 years or older at the time of the sale of the original Property

2.Both Properties have to have been or will be your principal residence.

3.The Replacement property must be of “Equal or Lesser current market value” than the original property. You are not allowed to combine two separate properties as a total value even if both of you are selling two homes to purchase a new one together.

4.The replacement property must be built (If new construction) or purchased, within two years of the sale of the original property (This may be two years before or after)

5.The owner has to complete and file an application within 3 years of the purchase of the replacement property, or new construction completion date.

This benefit can only be used once in your lifetime, unless you become severely disabled in which case there is a different exemption that applies (Proposition 110).

So what is the difference between proposition 60 and Proposition 90?  Proposition 60 allows the tax transfer benefit only within the same county(intracounty). Whereas Proposition 90, will alow  transfers from one county to another county in California (intercounty) It is however at the discretion of the county to allow such transfers. Not all counties will accept applications for this proposition and you are required to fill out a form and follow a process, this transfer will not happen automatically.

For more detailed information you can go to the California Board of Equalization Web Site http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm#2 or ask your trusted CPA or Real Estate Lawyer.

For any other questions or comments please feel free to contact us at www.SanDiegoExclusiveProperties.com

Most Expensive Homes That Have Been Sold In San Diego In The Last Year – Carmel Valley homes for Sale Rina Podolsky-

 

 

 

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Here are the most expensive homes that have SOLD in San Diego County in the last 12 months.

Most of this houses are in:

• La Jolla (2 )
• Rancho Santa Fe (1)
• Del Mar (1)
• Coronado (1)

If we look at prices per square foot the most expensive one would be the one in Del Mar.

Also out of these 5 homes, 5 are ocean front and only 1, the one in Rancho Santa Fe is not, it also happens to be the one with the largest lot and that sold for less money per s.f.

To view the information on each of these houses, including:

• Size
• Lot
• Days On Market
• Price per s.f.
• Description

Just click on each image.

La Jolla / $18,1500,000

Del Mar / $12,000,000

Coronado / $10,500,000

La Jolla Farms / $10,000,000

Rancho Santa Fe / $9,575,000

For more information or to look at homes currently for sale you can go to our web site www.SanDiegoExclusiveProperties.com

Or, contact me directly.

San Diego Real Estate Blog

via mysandiegorealtor.wordpress.com

Top 10 most expensive properties in San Diego

New Real Estate practice “Private Transfer Fees”

When purchasing a new construction home directly from the builder, you go through a different process than when you buy a home as a re-sale property.

Even in this market, where builders are trying to come up with incentives to sell their properties at  a faster pace, they are still the ones calling the shots on most of the terms of the transaction, specially when it comes down to the contract and legal terms to be used.

In most cases this is understandable, it cuts legal cost, makes the process simpler and cleaner. However, you as a consumer should not take for granted that everything you are signing is standard and acceptable. There is for example a “Flip Tax” that some developers are attaching to some properties.

What is the Flip Tax?  It is also called a Transfer tax and how it works is, you buy a house, when you try to sell it some years later, it turns out you have to pay a 1 percent to the builder of the home. This fee is written into the Rules and Regulations of the neighborhood and will remain in place for 99 years. During those years, every time this property is sold, the seller is required to pay the builder that 1 percent fee. What it really is, it’ a private Transfer Fee.

Transfer fees are not entirely new, they have been in place for a while however they traditionally would go to a charity or to a Homeowners Association to be used for the maintenance or beautifying of the Neighborhood. What is entirely different in this case, is that the money goes back to the pockets of the developer as profit.

Who came up with this concept is a company originally from Texas called Freehold Capital Partners. They are selling the concept to developers all across the country, and they are taking it one step further. The idea is to bundle this  properties and sell the revenue they promise to investors, giving the building company’s some upfront cash.Acording to their calculations each home will have a 5 percent income from future transfer fees.

The way Freehold is selling this concept is by claiming that just like an author has monetary rights to their creations, so do the builders since they have created a beautiful home. According to Jennifer Hiller from express news, Freehold’s predecessor, Freehold Licensing actually attempted to sell this concept some years ago to independent homeowners. She said that on their website they wrote,“Maybe you planted a tree, added on a room or re-habed a home,” the Web site said in 2007. “Fifty years from now, when a family is enjoying the property that you improved, and making a profit by selling the property you improved, why shouldn’t you benefit? Of course you should.”

So far there has been some effort to legislate this type of fee. Four states: Florida, Missouri, Oregon and Kansas have all banned such practices, other states such as California have imposed some limitations, Freehold has found a way to go around some of this limitations. 

Critics say such fees could taint entire neighborhoods, making it difficult to sell homes, and could complicate title records for decades. If the fee is not paid by the seller, a lien is placed on the property and the title becomes muddy. This coul mark the neighborhood as hard to sel and there is the possibility of some legal action from some of the owners against such builders, if that happens this could also affect the chances of a potential buyer finding a loan for such property.

Bottom line is, make sure you read what you are buying into, never assume that what you are signing has been reviewed and will protect you just because it has been signed by everyone else. And if you are not finding this clause in what you are reading, you should also ask the salesperson out right to make sure it is not there.

Happy New Year

As one more year comes to an end, we tend to take a look back at what the year was like. We make an assessment of the positive, the negative and the balance. At least that is part of what I like to do every time we come near the end of a year.

In this case I also want to add one more component to my analysis, expectations. What were my expectations at the beginning of the year? were they met? how close or far were they from the target. Starting this year, I will write down my forecast for the upcoming year so that later, when 2010 is coming to a close, I can compare it to what actually took place.

I wonder if any of you already do this? and if you have, would you mind sharing your experiences with us?

I know that today I am completely off topic, and you all must be wondering what all this has to do with Real Estate. Well, it doesn’t. Still I think it is a great excercise that helps you asses your life, your goals, and correct whatever needs correcting. For some people like myself, this will include assessing if my real estate goals, not only as an agent but as an investor, are still on target or if I have to make any changes. But that is only a small area of the whole plan.

Anyway my dear readers, I want to wish you all a great end to your year, however good or bad it may have been, know that we are about to close it and we are facing a new one, filled with opportunities. Make the most of them!

Happy New Year

Getting Ready to Sell your Home

If you are getting ready to sell your home there are many things yo should do even before putting the sing up on the lawn.

I would start with the 3 D’s and move on from there. Here is a list:

• Disassociate:

As hard as it may seem it is very important to shift your thinking to this no longer being your home, if everything goes right it will very soon be someone Else’s and the sooner you come to grips with that reality the smother the whole process will go. This first step will allow you to move on to the next one with much more ease and understanding. Rather than fighting the process you will be ready to embrace it and move ahead.

• De-personalize

If you take away most of the things that are very personal it will allow the visiting buyers to visualize themselves living there. If you have a room full of your fishing trophies it might bring you great pride and joy but it will not speak kindly to everyone visiting the house. It is surprising how many people can not see past what is there right now. In a moment of uncertainty such as we are living, many buyers will not move forward on a house unless they really fall in love with it and can see themselves living in it for a long time if needed.

You can leave some personal items and a few pictures here and there but the picture wall with 360 pictures that include your cousins prom picture, your nieces who are 21, first grade picture etc, that wall needs to be freed, pictures taken off and most likely will need a fresh coat of paint.

 

• De-clutter

I can not stress enough the importance of this one step.

 

I understand you are still living in the house and need to have your things with you, but if there are things everywhere, the message will be, this house is to small and It does not fit anything!

Also many people do not deal well chaos and it will make them feel uncomfortable just to be in a cluttered home, they might like the house but will leave with a feeling of not being comfortable there. You want people to come in and stay a while, the longer a prospective buyer stays in a home they are viewing, the greater the interest, you want them to come in, sit down in the living room, they are picturing their life in the home.

 

De-cluttering means, taking out a lot of the things you keep in the closets and kitchen cabinets as well, people will open them and try to see if there is enough space or if they seem crammed.

 

Sometimes the best thing to do is to rent a storage unit and start packing, you are going to have to do this eventually in order to move anyway, why not do it now and have the house show better, bigger more orderly. Kids can use less toys for a little while, winter clothes does not need to be in the house if it is 82 degrees outside, you get the idea.

 

• Make Repairs

If the front door does not open easily and it will take the agent accompanying the buyer 3 min to unjam it…FIX it! Otherwise people are stepping into the home with the notion that this house will need repairs right away and that it has not been properly maintained so there will be things that are not visible that will be in need of repairs soon.

There are many little things that have been bothering you but you just think they are not that big of a deal…they are if you don’t fix them, they are not that big of a deal to solve so just go ahead and take care of them before people start coming to see the home.

Like with everything, you only have ONE chance to make a first impression, if a buyer comes in and sees many little things that need fixing they will probably move on to the next house OR reflect it on the offer they make, not the cost of repair only but the cost and the fact that they are willing to go through the hasle of fixing it. Even worse will be that the realtor taking this client who did not want to make an offer will remember the fact that the house had many issues to fix and will think twice before showing it to any other clients.

 

• Experience it for the first time

Try looking at your home with fresh eyes, start from the outside and go through it as if you were thinking of buying it. From the curb appeal and landscaping to the layout of each room. Curb appeal IS very important. I have had clients that will tell me the don’t want to go inside of a home just based on what they see from the outside or sometimes I have seen clients fall in love with a home even before going in.

Can you change anything to make it more appealing even if it is less functional for you fir a short time? Maybe send some of the furniture to storage as well?

 

• Go the extra step but not too far

Sometimes with the best of intentions people re-do the house and go all out painting it and staging it before putting it on the market. That is GREAT, i believe in well done staging, but be careful that you are not going too far and making it a very particular style or use colors that will not go with most peoples taste and style. You would be limiting market and in some cases I have seen people de-clutter their home only to fill it back up with “staging” props.

• Price it right

You can do all of the above and still not get any offers if the price is not chosen correctly, actually you might go through all the trouble only to find yourself with very little to no showings at all!

This is where a very good , Honest realtor makes a big difference. You should talk to a couple of realtor’s before choosing one but be very careful that you don’t go with one because he promised you to get you more money for your home or because he quoted your home as being worth more.

The best one is the one that is willing to loose the listing for telling it like it is. Besides which one do you think will sell your home sooner? It is proven that the biggest chance you have to sell your home for a better price is within the first 45 days of the house entering the market, if you overprice it at the beginning you just lost that window because you will have less showings and will be seen as unmotivated and unrealistic to sell.

 

• Be Flexible

Be as flexible as possible with the showings. If you don’t make it easy on people to see the home they will not make offers on it.

 

• Don’t take it Personal

People have different tastes for everything, homes are no different. Some will like your home some wont.

And when it comes to low offers do not take offense, look at it, answer it and let it go. Now if you keep getting all this low offers it is time to re-asses your price, maybe the offers are not low but it is your expectations of price and your take on the market that is too high. Go back and look at the recent numbers in your specific area and take into account all factors affecting your home.

Ultimately the “Market” is the real determinant of value.

 

Please feel free to contact me for any questions or comments, you can find me on:

ww.SanDiegoExclusiveProperties.com

http://twitter.com/rinapodolsky

Facebook : Rina and Sergio -San Diego Real Estate Professionals : http://www.facebook.com/home.php?#/group.php?gid=123662939207&ref=ts

 

or e-mail me

info@SDExclusiveProperties.com