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Posts from the ‘Real Estate For Sale’ Category

Reasons to Reduce your Home Price

While you’d like to get the best price for your home, consider our six reasons to reduce your home price.

Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price.

These six signs may be telling you it’s time to lower your price.

1. You’re drawing few lookers.
You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.

2. You’re drawing lots of lookers but have no offers.
If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.

3. Your home’s been on the market longer than similar homes.
Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.

4. You have a deadline.
If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.

5. You can’t make upgrades.
Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.

6. The competition has changed.
If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.

Written by G. M. Filisko for House Logic

 

If you would like a Market Analysis for your home’s value, contact Clint Patterson at:

2 El Concho Lane, Rolling Hills, CA 90274

Comfort, privacy and peacefulness in abundance.

Listing Price: $2,100,000

Original home on quiet cul-de-sac. Ready for updating into a dream home with great views of canyons, city and mountains. Circular driveway and large 3 car garage. Room for orchard, plus opportunities to develop and terrace hillside to enhance yard dramatically. Split floor plan with three bedrooms and two baths on the southern end, plus master suite at the northern end. Gracious living room and dining room with sliders bring the indoors and outdoors together.

FEATURES LIST

  • 4 bedrooms
  • 3 baths
  • 2,662 sq. ft. (assessor)
  • Built 1964
  • Located on cul-de-sac
  • 3 car attached garage
  • Serenity and privacy
  • Premiere address in equestrian, gated city
  • Lot: approximately 1.16 acres
  • Direct access to 60 miles of hiking and equestrian trails

This home is located at the end of a quiet street with easy access to Crest and Portuguese Bend Road. This is a great opportunity to buy an entry level Rolling Hills home and update and customize it to meet your family’s needs!

Rolling Hills is a private, gated community on the Palos Verdes Peninsula with a peaceful, rural atmosphere that has easy access to shopping, entertainment and quick access to LAX and major freeways. Direct trail access is perfect for hiking and horseback riding. The 24 hour attended gates provide for privacy and limited access. This home is located in the Palos Verdes Unified School District which is nationally recognized for excellence.

Exclusions: personal property and dining room chandelier

MLS# PV17007215

>>> Learn more at the dedicated property website.

Peaceful Privacy in Rolling Hills

buckboard-trail-rolling-hills2

Gorgeous single level home with spectacular city, mountain and canyon views, situated on 3.7 acres in the private, gated City of Rolling Hills. This home is turnkey ready. Split floor plan includes 6 bedrooms, beautiful kitchen, 3 updated bathrooms and features a great room with panoramic views. Gourmet kitchen features top quality stainless appliances and granite counters. The large lot includes the building pad plus several plateaus and runs “canyon to canyon,” ready for horses, orchards or your own vineyard.

Direct trail access is perfect for hiking and horseback riding. The 24 hour attended gates provide privacy and limited access. This home is located in the Palos Verdes Unified School District which is nationally recognized for excellence. Freeway access is 10 minutes away but the quiet rural atmosphere is unmatched in the South Bay/Los Angeles area.

Listing Price: $2,950,000   $2,550,000

5 Buckboard Trail, Rolling Hills CA 90274 – Comfort, privacy and peacefulness in abundance.

FEATURES LIST

  • 6 bedrooms
  • 3 baths
  • 2,939 sq. ft. (assessor)
  • Premium stainless steel appliances
  • Extensive use of granite, hardwoord and ceramic tile
  • Built 1963
  • 2 car detached garage
  • Serenity and privacy
  • Premiere address in equestrian, gated city
  • Barn
  • Terraced grounds
  • Lot: approximately 3.7 acres
  • Direct access to 60 miles of hiking and equestrian trails

This home is shown by appointment only. Please call Leslie Stetson at 310.936.1283 or Clint Patterson at 310.426.8811 to arrange a showing.

MLS# PV16126297

For more photos and information about this beautiful home, visit our property site.

Keep Your Home Sale from Falling Apart

fix things that break

Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close.

Mistake #1: Ignore Contingencies

If your contract requires you to do something before the sale, do it. If the buyers make the sale contingent on certain repairs, don’t do cheap patch-jobs and expect the buyers not to notice the fixes weren’t done properly.

Mistake #2: Don’t Bother to Fix Things That Break

The last thing any seller needs is for the buyers to notice on the pre-closing walk-through that the home isn’t in the same condition as when they made their offer. When things fall apart in a home about to be purchased, sellers must make the repairs. If the furnace fails, get a professional to fix it, and inform the buyers that the work was done. When you fail to maintain the home, the buyers may lose confidence in your integrity and the condition of the home and back out of the sale.

Mistake #3: Get Lax About Deadlines

Treat deadlines as sacrosanct. If you have three days to accept or reject the home inspection, make your decision within three days. If you’re selling, move out a few days early, so you can turn over the keys at closing.

Mistake #4: Refuse to Negotiate Any Further

Once you’ve negotiated a price, it’s natural to calculate how much you’ll walk away with from the closing table. However, problems uncovered during inspections will have to be fixed. The appraisal may come in at a price below what the buyers offered to pay. Be prepared to negotiate with the buyers over these bottom-line-influencing issues.
Related: How to Field a Lowball Purchase Offer

Mistake #5: Hide Liens from Buyers

Did you neglect to mention that Uncle Sam has placed a tax lien on your home or you owe six months of homeowners association fees? The title search is going to turn up any liens filed on your house. To sell your house, you have to pay off the lien (or get the borrower to agree to pay it off). If you can do that with the sales proceeds, great. If not, the sale isn’t going to close.

By: G. M. Filisko for Houselogic

Imagine… Enjoying your coffee Saturday mornings with this view

6ringbit-terrace

 

You wake up to the smell of fresh-brewed coffee. You push out the double doors and are taken again by the breathtaking  view of the Pacific Ocean, hills and cliffs.  You sit down, sip your coffee and feel the warmth of the southern California sun on your face.

This is living in Rolling Hills, California on the Palos Verdes Peninsula.  And at 6 Ringbit Road.

Call Clint Patterson at 310.426.8811 or Leslie Stetson at 310.936.1283 to learn more and have a private viewing of this exquisite, spacious 6 bedroom home.

Go to our property site for more photographs, and information about this Rolling Hills home on sale.

Video Tour:

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