April 2010, You Want to Sell NOW? then you’ll be King & Queen
King & Queen of what? the negotiating table. Why? buyer’s are wooed back out in the hunt due to:
1. April 30th deadline dangling $8000. tax credit (if eligible) if in escrow.
2. Double Reward: if closed escrow by June 30th and additional $10,000. (if eligible.)
That’s a possible $18,000 in tax credits. Nothing to sneeze at.
3. Human Nature: you see other buyers flocking to open houses, you feel like you are missing out….and so on
In the Trenches Story:
#1.I listed a Short Sale 3/31/10. Great little house, great lot, but still a short sale which means buyers will need to wait possibly months! but in 5 days I had multiple! great offers. People competed for a SHORT SALE. Why? the sellers were savvy enough to list it at market value and the buyers came flocking in. Buyers know a great value and our Pedro market is gushing value right now. I repeat, GUSHING!!
#2. Also, last week, for my buyer I presented an offer OVER asking by $35,000….(don’t worry, was right on) WE HAD 19 OTHER OFFERS COMPETING AGAINST US. We didn’t get it. Did you catch that? 19 OFFERS!!
GLAD TIDINGS!! If you know anyone. Think now, yourself, Mom, Sister, neighbor, co-worker, fellow Elks member, family of daughter’s Girl Scout friend….who is pondering selling or needs to sell, with equity or distressed GET YOUR HOUSE ON THE MARKET NOW AND HOLD COURT!!! you can have a solid escrow open by April 30th.
I write this on April 9th. Figure an evaluation, plus spruce up house if needed, plus photos and sign up. Could be 2 days from start to on market or a week. Remember house need to debut, receive offers, and open escrow by April 30th. TODAY IS THE DAY!! TELL A FRIEND!!
Caveat: work with an agent who is straight with you about the value of your home. Don’t even think of overpricing it. You’ll kill the buzz and those buyer’s I brag about will wander thru your home picking away at your price with every undone upgrade and fleck of old paint. DON’T EVEN THINK ABOUT IT. YOU DON’T HAVE THE TIME. Get your value straight, know what you’re selling and hire someone who can negotiate. And you can walk away from your sold home feeling very satisfied that you got the highest price POSSIBLE. This isn’t 2006. If you are in today, and embrace today’s value…SELL. By the way, yes, that’s what I do. Would love to evaluate with you your situation. 310.200.4614 Renee Ferjo
