As has been the case for several months, there is a bit of good news – the sales volume (number of houses, condos, etc., which have sold) has increased for the seventh month in a row, year-over-year. Unfortunately, sales were not up month-over-month; in December of 2008, there had been 112 sales of single-family residences in Santa Cruz county; in January ’09, that number had sunk back down to 79. … The important thing to look at, I feel, is the year-over-year gain or loss, and this year, sales were up a whopping 21.5% from January 2008. … If you watch TV or listen to the radio, you may have heard a commercial or two from the National or California Association of Realtors telling you this is a great time to buy , that there are a lot of homes for sale. … There are not many homes for sale at all – the amount of inventory is down 21.6% from January a year ago, and inventory has been declining for nine straight months.
Selling Your Home
After all was said and done, the seller’s agent and I agreed to meet for coffee and to exchange some final documents and so I could get the key to pass on to my buyers. You may not be aware of this, but Keller Williams are kind of messianic about their company. … A few months back during the Watsonville REO tour that we had, I had met another KW agent, and she spoke in glowing terms of her company, and in particular about this training that they had, which was open to agents from any brokerage, not just Keller Williams. So when I was sitting down for coffee with the seller’s agent, I started talking to her about Keller Williams and the training that they provide. … In an appreciating seller’s market, it’s not such a bad thing to over-price your property by 10% – sooner or later, the market will catch up to you, and you’ll probably end up getting that extra 10% if you wait long enough.
That’s kind of the problem. There’s a large school of thought that says one reason why home prices have not slid more than they have already is because many folks who would like to sell realize that now is not a good time to do so, and are holding off. … Of course, I need to qualify that six ways from Sunday – actually, now is a fine time to sell your house, if you need to, and if you have one of the few houses that are in hot demand at the moment, which is pretty much limited to fine homes with ocean views or near the beach. … Many Realtors put little or no care whatsoever into the remarks, but even if they do put a lot of effort into the remarks, this study shows that what they say really could lower the selling price of your home . … Here’s another interesting thing I came across – it’s an NPR Podcast episode, but here are the show notes: [From Study Shows Precise Pricing More Enticing to Buyers – NPR] Researchers at Cornell University say they’ve discovered something strange about the way consumers absorb price information.