June 26th, 2017
Is the study of Palos Verdes Homes Market Trends of any importance beyond just curiosity?
How certain are you about the value of your home? If you’re getting ready to sell a home here in the South Bay, are you confident about your asking price? Or if you’re a buyer of any of the Palos Verdes homes or South Bay homes for sale, how certain are you about what price you should offer?
Let’s take this question from a different angle studying a different commodity (yes, of course real estate is a commodity). Let’s think about the value of gold. The ounce of gold here in Los Angeles is the same ounce of gold in New York as it is in London. They are perfect duplicates of one another. And there are thousands of trades each day. Yesterday for example, there were nearly 35,000 transactions. The result? We know for certain on any given day, down to the penny what an ounce of gold is worth.
Not so for your Palos Verdes home, or your Beach Cities home. There’s only one, uniquely one. It can not be duplicated. There isn’t another one like it. And there certainly aren’t 35,000 sales of your home each day.
Well what does that mean? It means that one of the most important jobs a broker can do for you is pricing your home right. Of course that means you need a broker that has the courage to tell you the truth. Let’s face it, my business is highly competitive so many agents, afraid they’re going to lose your business when you interview them, will tell you what you want to hear thinking in the back of their minds “…i will just get them to lower the price later…”
Now you know that pricing is extremely difficult because of the uniqueness of any single piece of residential real estate. So the best we, as Palos Verdes real estate agents or South Bay real estate agents can do, is provide our buyers and sellers a PRICE RANGE.
Yet you’re paying us a lot of money to get it right. Isn’t there any other way to narrow that range, or better yet, know whether we should price the home in the lower, middle or upper part of that range? After all, as a buyer, you don’t want to overpay and as a seller, you don’t want to leave money on the table or price so high that you don’t create value in the minds of buyers so that they compete for your home.
One of the reasons why my clients benefit from my services is that I offer at least three different Palos Verdes Homes Market Trends systems to help with this challenge. These metrics will help maximize the best interests of both seller and buyer. Near the bottom of this page you will see a couple of registration pages, one for my proprietary charts and another for the proprietary Market Snapshot system. If you’re willing to consider my services, feel welcome to complete the registration forms, and I will make these services free for your use. The third market metric system is profiled in this video.
If you’d like to learn more about my other Palos Verdes Homes Market Trends tools, just follow me on google+ using this link https://plus.google.com/+Homeispalosverdes and send me a message.
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Get the latest real estate trends from Manhattan Beach homes south through the Palos Verdes homes markets
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