Real Estate Los Angeles: Real Estate Los Angeles

Real Estate

When a homebuyer is thinking of buying a home, they sometimes
wonder aloud about the most important thing they should consider.
Of course, you need to find a home that provides everything you
need in a home, but after that?

A Realtor often replies with the
phrase, "location, location, location."

There are five main conditions to selling quickly. Location, condition,
marketing, the market, and the price. If you have a great location
and your home is in good condition, you probably know it. Your
agent shows you their marketing efforts, at least the stuff that
is visible. A lot of marketing occurs behind the scenes.

Assume all those are just fine.

There are two things left. The market and the price.

Obviously, the market must be slowing because it can't be the
price!

Houses were never meant to be liquid investments. Whether you
intend to live in the home or rent it out, you buy it...and you
hold it. Stocks you can sell in a day. A house can take months
to sell.

In the long run, houses are great investments. Those who buy for
the purpose of "flipping" a home to make an immediate
bundle of cash? our first exposure to a real
estate agent was probably when you bought your home.
Based on those experiences, you formed a generalized impression
about exactly what it is that agents do. When it comes time to
sell your house, you probably expect your listing agent to do
the same things that your agent did when you were looking to buy
a home.

The person who helped you buy your home was a "selling
agent" (often referred to as a "buyer's agent"
on the web). Selling agents advertise in newspapers, on the internet,
and other places, hoping to get buyers to call on the ads. Since
over 90% of buyers do not buy the home in the ad, selling agents
begin showing other properties to the potential homebuyers.

So sellers want their listing agents to advertise in newspapers
and to hold open houses, thinking this is what makes them effective
agents.

This is also why you want to price your home properly during
that preview period. If you price it too high, the selling agents
just laugh and say they'll wait till the price comes down. Of
course, by then your house is "old news" and no longer
fresh in their mind

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