The LA Times lead story today was that foreclosures are way up in California. Countrywide Mortgage also announced that some of their prime borrowers are starting to have difficulties making mortgage payments. It was a bad news day for real estate.
What does this mean for sellers and real estate agents? Sellers, if they indeed want to sell, must be realistic and price their home accordingly. We are in a "buyer's market". Real Estate agents must do a better job explaining professionally to potential sellers that price is key.
Even in the "bad" market, people are going to buy and sell real estate. Buyers are there for homes priced well. Realistic sellers are going to sell. Resonably priced homes are selling.
What can sellers do to sell in a reasonable time and with as little stress as possible? Price their homes competitively, create curb appeal, make your home as accessible as possible for showings and keep it clean.
Russell Hill 760.902.3121 RussellHill.net
No comments:
Post a Comment