Not all listings are created equal.

By
Real Estate Broker/Owner CA#01772851 HI#RB21268

Not all real estate listings fly off the market within days. This can be so because it's not your normal residential home because of its location, maybe an older luxury condominium in a sea of newer buildings. Maybe it's an investment property that needs to be fixed up a bit but has excellent income potential with the right buyer. It might even be a large parcel of land just waiting for the right development but because of little or no growth in that community, new construction is just not happening.

But here is another type of property coming on the market:

Right now I have a lot of "investors" who purchased properties back when the market crashed. They purchased homes that owners could no longer hold onto. These investors, largely, fixed the homes up and put them into a rental market.

But now that the market is up, these investors want to sell their properties. Tenants are tough on properties and owners are tired of fixing them up.

They are at a tipping point where it doesn't make sense to keep these properties; at this point they are worth too much for the rent they can get for them.

How much are they worth?

It really depends on their condition and how many units in one property. You would think that if you had two rental units on a lot it would be worth more. However, if the condition is not great and it's not financeable, it may sell for less with a cash offer. On the other hand, one that is a regular one family house that has been fixed up and a buyer can get financing for it, can end up selling for more.

Why am I blogging about this?

This blog was brought on by the fact that someone emailed me today to ask why a certain property had not sold yet. Actually, it is under contract but some contingencies still have to be met. In the meantime, because it's an investment property with two units on it in a particularly good location, we are actually getting backup offers on it. It's just taking a little more time to close. In the meantime, the "marketplace" out there still sees it as "active".

If you have a different type of property out there to sell that is not the norm, please call me.

 

 

 

 

Posted by

Hella Rothwell at Carmel Beach during Concours WeekCarmel-by-the-Sea Beach and Pebble Beach Golf Course California

Whether buying or selling oceanfront, oceanview, commercial or any type of real estate in Carmel, Pebble Beach, Pacific Grove, Monterey, Carmel Valley and Big Sur, I can help you. Call me and let's meet in my Carmel-by-the-Sea office in Su Vecino Court on Dolores between 5th & 6th.

Or we can just chat on the phone to discuss your real estate needs.

Are you out of the area? No problem, I often never even meet my clients. The whole transaction is handled long distance.

As an independent real estate broker licensed in California and Hawaii, I can represent you with residential real estate, commercial properties & investment opportunities.

For more information

www.HellaRothwell.com & www.RothwellRealty.com

& www.HellaHawaii.com

Member: National Association of REALTORS, California Association of REALTORS, Hawaii Association of REALTORS, Del Norte Association of REALTORS, Honolulu Board of REALTORS. Also MLS Listings in California.

 ________________________________________________________________

Hella Mitschke Rothwell (R)

Real Estate Broker/Owner/Realtor®
Licensed in California #01772851 & Hawaii #RB-21268

Tel. 831-626-4000 

Fax 1-877-822-9332

ROTHWELL REALTY INC.: Su Vecino Court, Lincoln & Dolores between 5th & 6th, Carmel-by-the-Sea, CA 93921

 

MAILING: P.O. Box 4554, Carmel-by-the-Sea, CA 93921

 
Email: HellaRothwell@gmail.com


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Disclaimer: Hella Rothwell does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Some properties take time to clear all hurdle's before they can close.

Jun 11, 2017 09:18 PM #1
Rainmaker
524,960
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

William Feela - True, and unfortuantely it doesn't show the contingency stage on the IDX feeds and the public thinks it's still "active" on the market.

Jun 12, 2017 06:56 AM #2
Rainmaker
2,189,919
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

You're like me in this regard, Hella, even if a property is unique and challenging, we will list it and sell it. In fact, it can sometimes be more fun than selling a regular home.

Jun 13, 2017 08:00 AM #3
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Rainmaker
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Hella M. Rothwell, Broker/Realtor®

Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea
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