Covina California Real Estate Market Update August 2013

Hello, everyone. Welcome to my video real estate blog!

What is currently happening in your local real estate market right now, compared to earlier in the year or this time last year?

We are definitely seeing a rise in prices due to our lack of home inventory.  We have a large demand with little supply.

Is this a good time for buyers or sellers?

Right now is a great time for sellers. Sellers are getting fantastic prices and there is a great buyer’s pool waiting for new homes.

What are some things that a seller could do to get their home in the best condition possible?

I recommend a home inspection done before the property is listed. This allows you to fix all repairs and avoid any surprises during the escrow period. Once all the repairs are made, work on cleaning and decluttering the property.

How important is pricing the home accurately?

Pricing fairly and accurately is crucial in this market. If your home sits on the market longer than a week, than your property is priced too high. We have found that homes listed at market value will see greater sales prices from multiple offer situations.

Thank you so much for watching my video. If you have any questions about today’s market, please give me a call at 626.859.3595