How is your sense of value? Can you correctly guess the list price of a home after a three-minute tour? I have t-shirts for those who guess the LP.
Extra note on the video: You’ll hear me say ‘bathroom’ when discussing the deconstruction. The garage used to be its own living unit, with bathroom and kitchen – these owners took it out and made it back into a garage.
Lesson 2 – Take listings at the right price.
Why?
Sellers are reluctant to lower their price – after all, they aren’t going to give it away. By the time that reality sets in, the buyers’ expectations have fallen further and you will struggle to catch up:
Example: There have been 3,053 NSDCC-detached listings this year – and only 1,676 of them are pending or sold. Yes, 45% of listings have NOT sold during the hottest real estate market in the history of the world.
P.S. The second house shown sold for $2.135 million a year ago.
The education has begun. Here is Kayla’s first training video:
In the video I suggest a general rule-of-thumb for house valuations. Below is how they compare to the actual cost-per-sf averages over the last 90 days (and after a furious 12 months of frenzy where the median San Diego County sales price has gone up 24%):
| Town or Area | ||
| Carlsbad | ||
| Encinitas | ||
| Solana Bch | ||
| Del Mar | ||
| La Jolla | ||
| Carmel Vly | ||
| RSF |
Kayla is sporting the new Sony HX50 camera, which looks like a nice upgrade for bubbleinfo.com!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
