Tuesday, November 5, 2013

Mr. Seller... Did you wait too long? The real estate market has shifted in Watsonville, La Selva Beach and Corralitos

The real estate market has shifted in Watsonville, La Selva Beach and Corralitos and the proof is in the numbers.
Even though interest rates are still at historical lows, the buyers have seemed to slow down on buying - as evidenced in a higher inventory of homes for sale (even compared to last year).

So, what does that mean if you are a BUYER? If you were one of those buyers who was out-bidded during the buying frenzy of the summer, this is great news for you. You have a bit of room to breathe. The inventory is higher, giving you more options. And the interest rates are still so very low.

My advice for BUYERS: If you find the house you want… BUY IT!

What does this mean if you are a SELLER? Price your home right! Homes that are priced according to the market sell no matter if it is a Buyer’s Market or a Seller’s Market. Overpriced homes will sit and sit and sit. Then, a buyer who knows the property has been on the market for a while will make a lower offer. But, if you price it right at the beginning, your home will be one of those that sale. Notice the huge increase in the Days on Market. Pricing right the first time will greatly reduce the days your house will be on the market.

My advice for SELLERS: Price your home right the first time. Be aggressive in price reductions.

When you are ready to BUY a home, SELL a home, or INVEST in real estate, give me a call. I will help you save time, money and stress.

Stats from MLSListings, Zip Code 95076

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