Paradise, CA

Successful Selling In A Buyer's Market of Paradise CA Homes For Sale Part 5of 8

We are discussing Pricing The Home from our previous post on Processing The Information.

PRICING IT RIGHT: That means pricing relevant to this market, in real time, with an eye to developing trends that may effect sales during the marketing period. There is always a price range for a given home in a given location at a given time. Therefore pricing strategically within that range subject to inventory, etc. is critical in a Buyer's Market. That also means pricing to capture the attention of the target market for your property. Just like when you first drive through a neighborhood you notice far more than after you've been there awhile. Let's say you want to price your home attactively. It's best to capture the attention of your buyer when they first become aware of your home on the market. The value of right pricing plays a greater part when there is a large inventory of homes in your local market. Paradise CA homes for sale

Once you've priced your home right prepare to market. Paradise CA homes for sale

Next time we will look at: Market Aggressively

This information is provided by your Realtor, and is not a substitute for the advice of your legal or tax adviser. This information is provided as an example of the types of evaluations that are helpful, to Buyers and Sellers, when considering real estate transactions. Paradise CA homes for sale

SEARCH PARADISE CA HOMES

Successful Selling In A Buyer's Market of Paradise CA Homes For Sale Part 4 of 8

This is the 4^thin an 8 part series on Successful Selling in a Buyer's Market Paradise CA homes for sale and we are discussing how to Process the Information from our previous Market Evaluation.

4. Process the Information: This can be a challenging process, but none the less a necessary part of selling your property. Comparing the Market Evaluation relative to your equity position will assist you in making one of the following four decisions:

Market Price Range Is Acceptable:Result = You and your home are in a position to sell and you are ready. If this is the case then you can complete the next 4 steps in pursuing your Paradise CA home for sale

Market Price Range Is Unacceptable:Result = The market range is below what you would like to sell your home for. You don't need to sell and are happy in your present location. No problem sit back and relax. Due to the historic increases in values many homeowners began to view their home as being primarily an investment. My humble opinion is your home is primarily a place to live. Generally homes make great investments long term, but no matter what families have to live somewhere.

Market Price Range & Negative Equity:Result = The likely sale price range is below what you owe on your home. While this is not what you wanted to hear if you don't need or want to sell your home sit back and relax. But if you need or want to sell you may consider a Short Sale although the first step in pursuing a solution would be modification of the mortgage through the lender. If that does not lead to a successful conclusion you may consider the Short Sale process. There are numerous factors to look at when considering Short Selling a home. We have a short list of questions to initially determine the prospects of Short Selling your home. Approximately 30% of all homes in a negative equity position are not candidates for Short Sale. But that being said 70% of the homes are. So with a clear plan and Lender cooperation a sale is still possible. Note: In Short Sales the Lender pays all Realtor Commissions.

My personal opinion is we have not seen the last of the Government and Banking industries' solutions to the mortgage and real estate crisis.

Foreclosure: You have determined your home and your ownership position are not candidates for Short Sale and you are unable to maintain the mortgage payments. This is distressing news and is a challenge many have faced in our nation. While it is an experience that few homeowners considered possible just a few short years ago it's an event and an experience that will pass. This is a good time to conduct financial planning going forward. We recommend that you don't go it alone. There are more resources available to guide homeowners through recovery from foreclosure than ever before. Take advantage of family, financial planning and church support available to assist you through this challenging time. Use this experience as an opportunity to learn and grow. As challenging as this is anticipate better days ahead.

Next time we will discuss: Pricing It Right for Successful Selling In A Buyer's Market, Paradise CA Homes For Sale

This information is provided by your Realtor, and is not a substitute for the advice of your legal or tax adviser. This information is provided as an example of the types of evaluations that are helpful, to Buyers and Sellers, when considering real estate transactions.

SEARCH PARADISE LISTINGS

SUCCESSFUL SELLING IN A BUYER'S MARKET PARADISE CA HOMES FOR SALE part 3 of 8

This is the 3^rdin an 8 part series on Successful Selling in a Buyer's Market Paradise CA homes for sale

3. Evaluate the Market: We will view that portion of the market that is most comparable to your property. If market history is unavailable for comparable properties then the available property sales will be considered, with adjustments as necessary, to assist in the evaluation. This information will be obtained by researching the following:

What has sold? A history of recent sales and trends will be gathered.

What is the status of pending sales? While this will not indicate the actual selling price it will provide the best indication of the most recent market activity and volume.

What is present inventory? This will represent your competition, so to speak, as we list and market your property. This information relative to past history is helpful.

How long will it take to sell your property? How many days were required before a sale was completed for the previously sold and pending sales properties. This information will assist you in the timing of your future plans.

How much are comparable homes selling for? We will obtain information regarding individual sales and their price points relative to days on the market. This information assists us in determining the effect that price has had on the sale of comparable properties.

What is the location, condition and age? As in most markets the location will have the greatest weight , followed by condition and age. If your home has some relative advantages to the existing inventory those well maybe leveraged to create an advantage for obtaining a sale. Although they may not represent an increase in the actual selling price in the present market of Paradise CA homes for sale

Continue to monitor the market. It is important to stay current with the market throughout the selling process. Markets can change for various reasons including fluctuations in inventory and interest rates, government stimulus packages and other regional events.

Next time we will look at: Process The Information

We are not suggesting that the information provided, by your Realtor, is any substitute for the advice of your legal or tax adviser. This information is provided as an example of the types of evaluations that are helpful, to Buyers and Sellers, when considering real estate transactions. Paradise CA homes for sale

SEARCH PARADISE LISTINGS

Paradise CA Real Estate / Current Market Statistical Report October 31, 2009, Paradise CA Homes For Sale

The following statistical information is representative of the real estate market of Paradise CA Homes For Sale and certain urbanized areas immediately surrounding the City.

The Current inventory of Single Family Paradise CA Real Estate is as follows:

PRESENT INVENTORY/STATUS

160 Active Residential Listings

55 Pending Sales

27 Sold

5 Short Sale Listings

3 REO listings

3 Short Sale /REO Listings

2009 YEAR TO DATE MARKET PERFORMANCE

244 Homes Sold Year to Date

Source: SNVMLS October 31, 2009, Paradise CA Homes For Sale

30 Days Remaining for capturing 1st Time Home Buyer $8,000 Tax Credit

This information is provided by your Realtor as an informational service in assisting Buyers and Sellers in Real Estate transactions, Paradise CA Homes For Sale This information is not presented as a substitute for the advice of your Tax or Legal Advisor.