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Is your Long Beach home one of the many
homes for sale in Long Beach? Has the Long Beach real estate market
taken you by surprise? Why do some Long Beach homes sell faster than others
while others can sit on the market for months? There are two reasons why a home
does not sell: the price and or ineffective marketing; its as simple as that.
If you painted and spruced up your residential property in Long
Beach, Redondo Beach, or Huntington Beach area, including staging and open
houses, then the asking price is not right or the marketing is ineffective, or
maybe both.
How do Long Beach, Huntington Beach homes and Redondo Beach real
estate for sale get priced out of the market? Some real estate agents are so
competitive that they inflate the price of a home to appeal to the seller just
to get the listing. More often than not the reverse effect happens because
buyers shy away from even looking at the property thinking that it is over
priced based on the
area market trends and statistics. The flip side of this scenario is
that sellers get attached to their home and place a sentimental value on the
property that exceeds a realistic asking price. What happens in both situations
is the home receives no attention from the buyer’s agent looking on behalf of
their clients or from potential buyers out looking on their own.
Long Beach has a unique real estate market because it truly is
the last affordable beach city on the California coastline. For this reason,
realistic pricing is imperative because serious sellers set the standard for
the Long Beach real estate market. If a home in Long Beach is over priced
Realtors stop showing it and a stigma is attached that something is wrong with
the home. At this point, drastic price reductions below real market value are
inevitable.
There are three things to consider when pricing your home.
First, pay attention to the recent sales in your neighborhood and consider how
your home compares with the ones recently sold. A
comparative market analysis (CMA) should be provided to you,
free-of-charge, from your real estate agent. Next, you owe it to yourself to
actually visit all the homes for sale in your neighborhood - it will probably
be an eye opener. Your Realtor will let you know which homes have pending
sales, and this information will help you decide on a fair asking price.
In the
Long Beach real estate market, the most important step after setting
the price is the marketing of your home. I use state of the art Internet tools
for marketing your home to maximize exposure. If you are looking for homes for
sale in Huntington Beach, Long Beach, Redondo Beach or surrounding area please
contact us to sell your home.
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