New Reality For Bay Area Sellers
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Hamid Grinage
May 8, 2013, 1:05:03 AM5/8/13
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Please consider this free-reprint article written by:
Hamid Grinage
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Article Title: New Reality For Bay Area Sellers
Author: Hamid Grinage
Word Count: 359
Article URL: http://www.isnare.com/?aid=135453&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=135453
Easy Publish Tool: http://www.isnare.com/html.php?aid=135453
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Over the past six months, sellers of real estate in Oakland and surrounding areas have begun to realize that the market is definitely not what it was a couple of years ago. In all reality, the power now lies with serious buyers who know they have more room to negotiate when making offers. Sellers who are not willing to look at hard numbers of recent sales, or who are not realistic about the condition their home is in will end up having their home stay on the market for months at a time and eventually expiring. By the time they realize they should reduce the price, it's could be too late as the listing may have "gone stale".
The two most important factors that sellers need to be thinking about is presentation and price. The best strategy for sellers is to prepare the property for sale as best they can by increacing curb appeal, performing cosmetic upgrades if necessary and possibly staging the interior. Next, the seller must work with a competent Realtor who is familiar with the Oakland/Bay Area market. The goal is to establish a price that WILL draw attention to the home and make it stand out as a value compared to the others on the market. With inventory of homes being high, buyers have more homes to choose from which means more competition for the seller. In some cases, I take my sellers out to see other homes that are on the market that compare with theirs. This way, they get a first hand look at how the other homes on the market stack up to theirs.
As the market corrects itself and inventory goes down, sellers will have it easier. Simple supply and demand will bring competition back up as more and more buyers try to bid on the same houses. Contra Costa county is currently seeing inventories soaring through the roof, with many homes sitting on the market for four months and over. In such markets, the pricing strategy I mentioned above becomes even more critical. Since interest rates remain low, buyers still have great opportunities out there.
About The Author: http://www.oaklandhomespecialist.com/about.php http://www.oaklandhomespecialist.com/buying-oakland-real-estate.php http://www.oaklandhomespecialist.com/lake-merritt-homes.php
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=135453
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Hamid Grinage
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=135453
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=135453
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: New Reality For Bay Area Sellers
Author: Hamid Grinage
Word Count: 359
Article URL: http://www.isnare.com/?aid=135453&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=135453
Easy Publish Tool: http://www.isnare.com/html.php?aid=135453
*********************** ARTICLE START ***********************
Over the past six months, sellers of real estate in Oakland and surrounding areas have begun to realize that the market is definitely not what it was a couple of years ago. In all reality, the power now lies with serious buyers who know they have more room to negotiate when making offers. Sellers who are not willing to look at hard numbers of recent sales, or who are not realistic about the condition their home is in will end up having their home stay on the market for months at a time and eventually expiring. By the time they realize they should reduce the price, it's could be too late as the listing may have "gone stale".
The two most important factors that sellers need to be thinking about is presentation and price. The best strategy for sellers is to prepare the property for sale as best they can by increacing curb appeal, performing cosmetic upgrades if necessary and possibly staging the interior. Next, the seller must work with a competent Realtor who is familiar with the Oakland/Bay Area market. The goal is to establish a price that WILL draw attention to the home and make it stand out as a value compared to the others on the market. With inventory of homes being high, buyers have more homes to choose from which means more competition for the seller. In some cases, I take my sellers out to see other homes that are on the market that compare with theirs. This way, they get a first hand look at how the other homes on the market stack up to theirs.
As the market corrects itself and inventory goes down, sellers will have it easier. Simple supply and demand will bring competition back up as more and more buyers try to bid on the same houses. Contra Costa county is currently seeing inventories soaring through the roof, with many homes sitting on the market for four months and over. In such markets, the pricing strategy I mentioned above becomes even more critical. Since interest rates remain low, buyers still have great opportunities out there.
About The Author: http://www.oaklandhomespecialist.com/about.php http://www.oaklandhomespecialist.com/buying-oakland-real-estate.php http://www.oaklandhomespecialist.com/lake-merritt-homes.php
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=135453
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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