Global On-Line Bidding

Are you interested in selling your house and want to get the highest price possible in a short amount of time? Global On-Line Bidding is the answer. Here are several of the benefits to selling your house via this new innovative marketing approach.  

 

•         Create Competition Among Buyers

•         Expose the Property to a large number of Pre-approved Buyers

•         Accelerate Sales

•         Auction Brings Interested Buyers to a point of Decision

–        They must act now or lose an opportunity to purchase

•         It is a True Market Forum

–        The highest buyer pays the lowest price a seller will accept

•         You know exactly when the Property will Sell

 

Buyers love this method because they get full transparency…they know exactly what their competition is bidding and can feel comfortable going as high as they can afford.

Are we at the Bottom of the Real Estate Market?

As we have said before, we will not know that we have hit the bottom of the Real Estate market until we start going up. However, current listing prices in several Bay Area cities are indicating that we could definetly be at the bottom.

 

How do we know?...Key Real Estate economists have advised that areas which experienced 10%-20% appreciation several years ago needed to roll back to 2001/2002 pricing before home prices stabalized. Well folks, we are seeing this now. Many homes are coming on the market at the prices they sold at in 2001 and 2002.

 

We are now seeing multiple offers on properties not just in the outlining Bay Area cities such as Brentwood, Patterson and Tracy but also now in many cities around the Bay and the Tri-Valley.

 

These low prices and extremely low interest rates are the cause for this incredible market activity.

 

Homes "on-sale": Finding Value

Rich Dad Poor Dad author Richard Kiyosaki uses the example of a sale at the local supermarket to illustrate a common investor mistake---focusing on price movements instead of value. He notes that if a supermarket held a “25% off everything in the store” sale, the store would be packed.

 

But when prices plunge in the stock market or real estate market, many investors hear the bad news and head for the sidelines until prices begin climbing again. In any market, it’s important to consider value along with price. Supply and demand dictates that real estate values are easier to find in slow periods and become harder to find when markets heat up.

 

So, what’s lasting value? Here’s a list of homebuyers’ most sought-after-features, according to the NAR:

1. Central Air Conditioning
2. Garage with two or more spaces
3. Walk-in closet in master bedroom
4. Backyard/Play area
5. Cable/Satellite TV-ready
6. High-speed Internet Access
7. Separate shower in master bath
8. Patio
9. Fencing
10. Home newer than 10 years old

 

If you have looked in the past and not found these features in your price range, it may be time to check again, while properties are still “on-sale”. Be sure to consider features that will make homes more valuable in the future, such as energy-efficient construction and appliances and shorter commuting times. Features like water or mountain views, good schools, recreation opportunities and unique architecture never go out of style. For a list of homes for sale with specific features in a particular neighborhood, call or email us.

Is there a national real estate market?

Most media reports about the housing market focus on national statistics such as sales volume and median home prices. The often-repeated statement that all real estate is local is often repeated because it’s true. It’s interesting to hear about the ups-and-downs of the U.S. real estate market, but those reports really are only useful in the context of local real estate markets.

 

In reality, the national real estate market is made up of thousands of local neighborhoods, each with its own unique circumstances. The local economy, employment picture, tax situation and government policies will have more influence on local housing markets than any national trends. That’s why homes in some neighborhoods continue to sell for the asking price, while across town others languish on the market despite multiple price cuts.

 

The difference might be better schools, an exclusive location or just a neighborhood with a prestigious name. Even within the same neighborhood, Victorian-style homes may be selling well, while Colonial models sit unsold. A condo with a striking skyline view will sell better than an identical unit facing a parking lot and a dumpster. That condo doesn’t have much impact on the national real estate market – and vice versa.