Wednesday, March 21, 2007
Sorry I haven't posted in a few days. I have a new home coming on to the market this weekend, and 2 new clients. As I have stated before, one of my goals is to have the smartest buyers and sellers on the market.
It is important to have a good understanding of what is happening in the local Real Estate market both when you are looking to buy a home, and when you are selling. This is a first for both my new clients. Both are moving towards a good understanding of the inventory of the homes on the market, what the expected sales price of any given home should be, and the importance of the days on market for any given property and how that affects value.
My buyer is learning about valuating those features she wants in a home, and trying to figure out what she must have, and what she is okey with letting go. Since we live in a market of existing properties, it is hard to find that one with all the features she wants that is also within her price range. Some things she may have to wait for, or install herself.
My seller is learning the importance of pricing a home, and how all the marketing is built on this cornerstone. He is learning about staging a home, and how spending a dollar here may mean gaining $5 at the close of escrow.
Both of them are learning about market value, and how everything is a balancing act.
Education can be a long and tedious process, but you have to be smart about your personal goals, and about the prevailing trends to make the best decisions when it comes to buying or selling a property,