Multiple Offers

My 2 most current listings both received multiple offers within the first 2-3 weeks of the listing period. They were not underpriced by any means, but they WERE in the under-$500,00 price range, showed very nicely and had nice upgrades. One of my sellers thought that they might have to sit on the market for weeks and even months, but I assured her that the low inventory and the desirability of her home would help it to sell quickly. And it did! I think many sellers would be surprised to hear this due to all the bleak news they are exposed to. But remember that South Orange County has always been a unique market that recovers quicker than other markets!sold-sign-home-for-sale

There are multiple offers on the many short sale listings out there and multiple offers on the bank-owned homes, too….at least on the ones that are not overpriced. This is because the inventory of homes for sale in the area has been cut in HALF from what it was last year. There used to be a 5 month supply of homes, and now it is just a 2 month supply! NOT a buyer’s market by any means.

So if you have a home valued up to about $1,200,000 this could be the ideal time to list your home for sale. Buyer activity is strong, inventory is low and interest rates are still low; all ideal factors for a seller! Call me today to discuss the best marketing strategy for your property: 949.525.5905

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