Articles -Sellers
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Local Home Prices at High Levels 04-05-2013

Is your home worth more now than it was 3-5 years ago? The correct answer is absolutely!

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The Buyers in Today's Market 03-07-2013

How can knowing who the buyers are in today’s market be helpful to sellers?

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Pacific Palisades Housing Market: Looking Back... and Forward 01-04-2013

As we begin 2013, the number of homes available for sale in Pacific Palisades is as low as it has been since the end of 2004.  There are only 52 homes on the market, which is 28 percent less supply than at the beginning of last year.

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Home Appraisals Can Cause Sales Problems 11-29-2012

The local real estate market has been steadily improving since the beginning of 2012. However, it has also been experiencing increasing difficulties with appraisal and financing of the home purchases. Some of these issues are directly related to stringent lender guidelines, and many escrows are challenged by problems because of the appraisal process. The appraisal process is often slower than it used to be, which has delayed escrows beyond the closing date.

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The Unreliability of Online Home Evaluations 10-30-2012

I recently received a call from a local homeowner asking for a quick home evaluation. After I explained why I would need to see inside and around the home in order to provide a professional estimate of value, I was pressed to at least provide a range of possible value. The homeowner reacted to the conservative range that I gave her by telling me it was “way off,” because she had already gotten online figures from Zillow and Trulia and felt they were more accurate.

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Seasoned Agents Offer A Myriad Of Services 09-06-2012

Many people think that all a real estate agent does is to list a home or property, have a sign put up, enter it into the Multiple Listing Service, show it when asked to (or have a lockbox with key access for key with other agents) and then write up a sales contract and process the escrow paperwork. The role of a real estate agent is far more involved and of vastly of greater significance than those are me minimum activities might suggest.

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Seller Alert - The Market Has Shifted 09-04-2012

For several months, the Westside real estate market has experienced a steady recovery with both average list and sales prices increasing by more than 4%. The inventory level of homes available has dropped significantly over the past year, resulting in increasing frustration for buyers who are well qualified but unable to find a suitable home. As a result, there has been a steady building up of pent up demand over the last several months.  

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Identifying Local Property Price Direction Changes 06-05-2012

I have recently been asked how it was that I was able to identify the month in which the Pacific Palisades real estate market began a gradual upward move having reversed a downward price movement a few months earlier. The inquirer wondered if there might be some source of information that could be helpful in identifying such future price direction changes.

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Definite Signs of An Improving Market 03-05-2012

A few weeks ago we observed there were some indications that the Palisades housing market may have begun to turn in favor of sellers. With the benefit of two complete months of home sales records available now, we are able to verify that indeed a market shift may be in progress. The number of sales for the first two months of 2012 were identical to the same period last year, but the time it has taken to sell them is 13% less this year.

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Current Market Appraisal Challenges 03-01-2012

Over the last several years we have written about “deal breakers” that have often come up during the sale and/or purchase process. During the last two years, the transactions have mostly been challenged through the loan and appraisal process, even though loans are finally more available than they had been for more than a year.

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