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Market Analytics

Southern California home sales surged last month to the highest level since August as bargain shoppers took advantage of price slashing. Although some higher-end coastal markets also posted gains, the swell in transactions mainly reflects more sales of homes under $500,000 in inland areas where depreciation and foreclosures have been greatestSouthern California home sales surged last month to the highest level since August as bargain shoppers took advantage of price slashing. Although some higher-end costal markets also posted gains, the swell in transactions mainly reflects more sales of homes under $500,000 in inland areas where depreciation and foreclosures have been greatest.
Did you know?

Professional House Staging
Homes that have been staged professionally can sell faster and for more than unstaged homes. Currently 18% of homes are staged.

Home Selling Information

 

You are ready to sell your home and hope to make a reasonable profit in spite of the fact that we are now in a buyer's market. Is it realistic at this time in our economy? For those sellers who approach the selling process with a game plan, the answer is “Yes”.

There are still a number of people wanting to buy homes. The problem is that there is a smaller pool of qualified buyers available due to the fact that many sub-prime lenders have either gone out of business or tightened their lending restrictions. The reason for this situation is because over the past few years, many people who could not really afford to buy a home were approved for mortgages which they are now unable to pay. Compounding this problem has been the FEDs upward pressure on interest rates this past year to counter inflationary fears.

The fallout from all of this has landed heavily on the sub-prime lenders. Millions of dollars in defaulted loans are putting many of these lenders in jeopardy and simultaneously eliminating the chances for most people with less than perfect credit to obtain home loans.

What can you do to market your home to the buyers who have good credit? It is important to list with a broker who has a good reputation and a great deal of experience in your area. TylerLeeWilliams.com is at your service to help you achieve your goal of selling your home as quickly as possible for a fair but profitable price.

To get your home in shape for showing to the potential buyers that will be brought to view your property byTylerLeeWilliams.com or any realtor who sees it on the Multiple Listings Service (MLS), first and foremost – get rid of the clutter! Interested buyers want to be able to imagine themselves living in your home. This is hard to do if there are piles of newspapers on the dining room table, children's toys in the driveway and gardening tools all over the patio.

It is not okay to shove all these things in the garage or stuff them in your closets as buyers want to feel there is a great deal of space for them to store their belongings. If you have junk you cannot bear to part with, consider renting a storage unit until your home is sold.

Your home should be presented to buyers as light, airy and welcoming. Keep the lights on in bathrooms, laundry rooms and closets. Drapes, curtains and blinds should be open to let in the natural daylight. If the weather permits, keep the windows open. If the day is hot, keep your air conditioner on a temperature that is comfortable for visitors coming in from the outdoor heat even if you hardly use the AC for yourself.

Be mindful of “curb appeal”. Your home cannot make a second first impression so be sure it is appealing to buyers. Mow the lawn and trim shrubs and trees for a well-manicured look. Consider placing a pot or two of bright, healthy flowers near your doorway. (Geraniums add instant color and are inexpensive.) Ask your realtor at TylerLeeWilliams.com to check out your home and advise you if any inexpensive changes can be made to make it more attractive to potential buyers.