I just received a call for a home owner in Valencia Westridge Sundance community . The home evaluation showed the value with all upgrades, large yard and gated community to be worth $730,000. They had paid $820,000 for the home in 2007.
She said that they will sell once they can sell for their $820,000 plus the cost to sell. They are retired and have no pressure to sell. They do want to buy a much more expensive and in an expensive community where their daughter lives.
I explained that the as their home rises the home the wish to purchase should rise in price by the same percentage and that waiting to sell will require even a larger investment to buy the home of their dreams.
Hopefully they will obsorb the information and decide that selling now is in their best interest. If not, I'll be here for them when they are ready!
Tony Lewis * RE/MAX of Valencia www.TonyLewis.com firstname.lastname@example.org Cell - 661-510-7975