I have always "tried" to do something to remain fit throughout my life. In high school I played basketball and ran track. In college I.....well I didn't do that much to stay in shape, but I really enjoyed my college years. Upon entering the working world, I purchased several fitness club memberships, never finding time to actually go. Beacause of my time constraints I decided to start running and really enjoyed it, but my knees felt otherwise. So after two trips to physical therapy, I bought a road bike and began cycling in 2009 as a way to save my 41 year old knees. Two years later......I am hooked. When I'm not working clients or spending time with my family, you will probably find me riding somewhere in the Metro Los Angeles area. I enjoy the balance between endurance and strength cycling provides, and the fact that I am able to exercise outdoors, not inside of a fitness club. Currently, I have no plans to race locally, but have found a group of like-minded guys to ride with on the weekends. So if you ever see me out on my bike, please say hi!
With interests rates nearing a 50 year low and many bank-owned and short lisitngs in our area for sale, it has become a buyer's market. When I meet with clients regarding the sale of their home I am always asked about listing their home for a price above the recent comparables...... And this is what I say.
In real estate terms, market value is the price at which a particular house, in its current condition, should sell within 30 to 90 days. If the price of your home is too high, this could cause several things:
It Limits buyers-Potential buyers may not view your home because it appears to be out of their buying range.
Limits showings-Other salespeople may be more reluctant to view your home.
Used as leverage-Other Realtors may use this home to drive the sale of other homes that are better-priced.
Extended stay on the market-When a home is on the market too long, it may be perceived as defective. Buyers
may wonder, “what’s wrong,” or “why hasn’t this sold?”
Lower price- An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price, sometimes several times. In the end, you’ll probably get less than if it had been properly priced in the first place.
Wasted time and energy- A bank appraisal is most often required to finance a home.
For those of you who don't know, I am now a part of the Rodeo Realty family. I'm sure you've noticed all of the Rodeo Realty logos throughout my new site. I am very excited about the move and the opportunity I have to grow my business tenfold. My office is at 9200 Sunset Blvd Suite 200 LA CA 90069 and I welcome any and all lunch opportunities. I will probably get around to putting up the family photos and the decorative prints next week. This week has been spent learning the business philosophy of Rodeo Realty, meeting my new colleagues and selling real estate!!