When selling your home, one of the hardest tasks with which you will be confronted is the establishment of an acceptable selling price, a price that is acceptable to you and to a potential buyer of your home. Let’s face it, calculating the price can’t be that hard, can it? You have spent a lot of time and energy fixing up the place and you have … [Read more...]
Despite Headlines Trumpeting a Market Recovery, a Slump Continues for some people.
I didn’t really plan on such a quick update to the Reflections page, having just updated the column on February 8, 2007. But I was prompted to say something about the state of the real estate market here after reading an upbeat article appearing in yesterday’s Desert Sun. You know the old adage: What’s the difference between Recession and … [Read more...]
In this Market, What’s a Seller to do?
This reflection is really a continuation of my previous article on January 17, 2007 regarding the state of real estate here in the valley. Little has changed since that article. Our market continues in transition toward a more balanced state in which expectations of buyers and those of sellers are more closely aligned. Good indicators of when that … [Read more...]
The Stalemate between Sellers and Buyers Continues
A Happy New Year to everyone touching this web page. May you all have a healthy and prosperous 2007! Well, the transition in the Coachella Valley real estate market (from the crazy seller’s market a few years back to a new more balanced “value-driven market,” * acceptable to current buyers and sellers), is still in process. As … [Read more...]
“Is it a buyer’s market yet?”
“Is it a buyer’s market yet?” – “No, not really.” It must be a buyer’s market, right? Many sellers and few buyers, huge amounts of unsold houses and condos -- we read about it here almost every day. In a recent article in The Desert Sun on 10-31-06, the author stated that the inventory of “existing homes in the valley is now 8,358” up from “about … [Read more...]
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