September 20th, 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…”
I have a three significant tools, all free, that you can use to dig deep into the Palos Verdes homes market trends. In this video, you are seeing one of those three and the video just scratches the surface on how you can benefit as either a seller or buyer. Why is this important? Well, we know that pricing a home is far from an exact science. It’s not like pricing gold on a daily basis where each ounce of gold is the same as the next ounce of gold and where tens of thousands of transactions are done daily. Clearly there aren’t tens of thousands of the exact Palos Verdes homes or Manhattan Beach homes or Redondo Beach homes (you get where I’m going with this, right?) transacted daily. So there’s no way with certainty to say what any one of the South Bay homes is worth on any given day. The best we can do is provide our clients a range. But where in that range do you offer, if you’re a buyer. Or where in that range do list your home, if you’re a seller. THAT IS WHY it’s important to get as much information as you can so that you save time and money. The metrics will help you determine whether a home’s value is the higher end or the lower end of the range. 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/posts and send me a message. Here’s the link again to the search section on my website http://bestpalosverdeshomes.com/southern-california-home-search/
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.
Thank you for visiting my website! Let me know if you have any questions by commenting below.
Get the latest real estate trends from Manhattan Beach homes south through the Palos Verdes homes markets
Deep demographics on the individual multiple listing service areas, not just zip codes but rather specific zip codes
Take a moment to write a review of George Fotion on Yelp