I have a couple of buyers who are like kids in a candy store; they are overwhelmed with all the choices and want to sample them all! Others are hard-core comparison shoppers and they are waiting for the next price reduction or interest rate cut.
There is no sense of urgency in this market. The buyers are keeping their emotions at arm's length and it's up to the sellers to entice them to commit to a property. Last week while showing property in Palos Verdes I informed the buyer that two of the homes we previously looked at were now in escrow. She shrugged her shoulders, and said, "There are plenty of houses that aren't selling, so I'm in no hurry. There are plenty of fish in the sea."
She's right. Sellers, it's up to you to make your house stand out from the crowd:
Price: It's everyone's bottom line. Your house must be the best value in the neighborhood, hands down. No buyer will overpay in this market, nor should they.
Condition: It's competitive out there. Make sure your property wins "Best of Show" and earns a place on every agent's show list.
Terms: Make it easy for a buyer to purchase your home. Buyers want a clean offer from you too. For example, making your sale contingent upon finding a replacement property will discourage many buyers from looking at it. Sell it, rent, store the furniture and take your time to find the new home of your dreams. After all, your down payment is already in the bank and now you get to be the choosy buyer!
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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