I received an e-mail from a seller today. She isn't ready to sell, but she does want to know what is going on with values. So, I've been keeping her updated on the current market and what's for sale and selling in her neighborhood.
She must have been paying attention because today she sent me an e-mail, and all it said was "Somebody needs to get REAL about this price!!!!!"
The listing price is more than 16% higher than the last sold in the complex for a similarly sized unit. That sale was more than six months ago, and we're in a buyer's market here in Costa Mesa.
The only other property for sale in the complex is more than 20% less and is larger.
This seller understands the current market and the realities that come with it because she has been receiving updates constantly for eight months.
It is so important to be upfront with your clients and to educate them about the current market whether it is a sellers' or a buyers' market They need to be empowered with knowledge so that they can make informed decisions, and it's part of our job to make sure that they have the advantage of this knowledge.
Click Costa Mesa Real Estate Values if you would like to know the value of your Costa Mesa property.