Back in the go-go days of the Orange County real estate market, (2004-2006), realtors were able to list a home and then wait for the buyers to come. Many Orange County realtors and Orange County home sellers knew that they could easily get the asking prices that they wanted and essentially “dig their feet in the sand” and wait for the buyers to come.
In today’s Orange County real estate market times have changed, there are plenty of buyers who are willing to submit multiple offers for homes but the psychology of the real estate market is different than it once was. Home sellers and top realtors have to think differently before selling a home in today’s Orange County real estate market.
Selling Tips That Work
If you’re trying to sell a home in today’s Orange County real estate market you might start by listing your home at just a little below it’s current market value. This technique is important because, if you start by listing your home at a lower price than listing it high, you will be creating the impression with potential buyers that the home you’re trying to sell is a great deal and they will be more inclined to submit multiple bids on that home and may even get into a bidding war with other buyers just so they don’t miss out one a great opportunity.
The key to success when finding the right price to list your home at is having your realtor do a comparable evaluation of the other homes on your street that have sold in the last year, even though you may be tempted to list your home at a high price because, other Orange County realtors are listing their clients homes at high prices, your home may be stuck, sitting on the market for four months or longer until you are forced to reduce your price by ninety percent or more until you sell your home.
For more Orange County selling tips contact Fred Sed & Associates today at (949) 272-0125.