Category Archive: ‘Bubbleinfo TV’
A brief tour of a new home in Carmel Valley:
We can talk, can’t we?
Houses that have been on the market for more than 60 days (which includes 507/1,079 = 47% of NSDCC active listings) missed the hot season.
“If it hasn’t sold by now, something is wrong with the house, or the price.”
Some people use the days-on-market statistic has a primary search feature. Even if the list price has been reduced, just the longer market time can cause buyers and agents to miss the longer-listed properties.
So not only are those listings easier to pass up, the buyer pool in general is shrinking due to the time of year. It’s too easy for them to pack it in.
It’s going to get tougher for the older listings to find a buyer, unless they get aggressive on price. But how many sellers will knock 5% to 10% off their price? Not many.
1. The list price has to be at least 10% wrong if not selling for months.
2. Most unsold listings aren’t that far off. Buyers would be interested in many of the active listings at 10% to 15% under list.
3. Sellers are reluctant to chop that much off their price.
4. Buyers have to take the initiative.
My game plan here:
Kayla is doing great.
While her claim to ‘taking over’ was valid, it might take longer than imagined – because I’m not going anywhere.
She has all the right talents though, and I couldn’t be more proud:
Kayla’s tour of our new listing in the foothills of Vista – only $579,000!
Open house today 11am – 2pm:
My thoughts on interpreting last month’s sales count, and the future:
A video tour of my new listing in Del Sur!
When is the best time to sell? When big money comes to town!
The Pacific Beach hillside remodel is complete. Here are a few photos of the journey, and a recent video tour:
Mr. Buyer delivered what might be the best quote of the year: “I finally buy my wife a million-dollar house, and the first thing she does is tear it down!”
Sellers who are forced to fend for themselves are smart to consider all the angles. But you hate hearing people being put in this position: