Tuesday, January 16, 2007

Your Daily Barrage - Is it up or down?

January 16, 2007

The media are still featuring real estate market information. Obviously they believe that their readers are following the ups and downs of the real estate market with bated breath. And they may be mostly correct.

I know that when I go out on a listing appointment, the sellers have read that the market has slowed....but not in our area. Yesterday, Dataquik released the statistics for December 2006 and the median price of homes in LA County was up 6.5%. They didn'y focus on the Riverside/San Bernardino area, but generally we follow LA County.

How does this translate to the right price to list a particular property?

To price a particular property so that it will attract the maximum number of buyer prospects, according to Dyan Hymer of Inman News, "...the blueprint for a successful sale in 2007 is the same. Price your home right for the market. Properly prepare your home for sale. And, make sure that your listing receives extensive market exposure."

I have been writing about preparing your home. In future blogs I will write about pricing and marketing.

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