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Home Sales Down 27%! My phone hasn't stopped ringing!!?

By
Real Estate Agent with Allison James Estates & Homes 01079287

Truly last week I watch seasoned Realtors shutter when this hit the hot topic in the News! The topic of the day with both my peers and buyers was this so called drop in sales. But it had an opposite effect here in So. Cal specifically Temecula. I had 7 buyer showings looked at 60 homes and wrote five offers!!

What this translate to buyers is BUY BUY BUY! Prices are down yippee! Seriuosly just yesterday I had 6 new buyer prospects call about homes set up appointments to see homes and one wanted to write an offer on a house sight unseen.

My business is screaming, hard to stop and catch my breath. So far  this year I have closed deals and am over the four million in sales with three in escrow and more to come.

The worse the media makes out the home sales, and this has happened every time the more buyers come in to the market. Of course I did notice the stock market takes a hit. So does this mean people are pulling their money out and buying something tangible? You tell me!

Happy Trails!

Tere Rice Realtor* CSSN
DRE#01079287
CERTIFIED SHORT SALE NEGOTIATOR (CSSN) 100% Closer on Short Sales
Buyers And Sellers
Hours M-F 8-6 Weekend Showings by appointment only   Please Check out my website to search for homes! www.temecularanchandhomes.com

Real Deal Properties
28581 Old Town Front St. #200
Temecula, Ca. 92690
951-693-0093
fx 951-253-9261
web site www.temecularanchandhomes.

Posted by

Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

Comments(1)

Ryan Case
SCA Real Estate - Anaheim, CA
877-828-0710

While the market has slowed up, our volume is up too!

Dec 09, 2010 06:09 AM