Is This the Right Time to Sell a South Bay Home?
Posted by Greg Geilman on Wednesday, February 29th, 2012 at 11:15am.
Years of bad news about the real estate market has left many property owners with the idea that there are no buyers and that it is a bad time to list a house for sale. However the South Bay real estate market is showing signs of life. Homes located in desirable Manhattan Beach, Redondo Beach, Hermosa Beach and the surrounding inland communities are attracting buyers.
If you have been thinking about selling your home, this could be the right time to move forward.
Granted, prices have not returned to the peaks seen four or five years ago, but South Bay homes are spending a respectable average of 100 days on the market, and some properties are receiving multiple offers. Since so many property owners have been put off by the bad news or the label “buyer’s market,” home inventories are low and there is significantly less competition as in years past.
The great location and beautiful surroundings draw buyers to the area, and fantastic upgrades can really make South Bay homes shine. The real secret, though, to selling quickly in a soft market is to make sure your home is priced fairly and competitively so that it stands out to buyers right from the start. A well priced home, at any price point, is going to make a better impression on buyers looking to make a wise investment, and may provide just the incentive they need to make a good offer.
It can be tough to put a dollar amount on something as personal as your home, and it is hard to put aside those big numbers we were seeing a few years back. But if you are ready for your next opportunity, whether it is in another home within the community or in a distant place, do not let assumptions about the South Bay real estate market hold you back.
Feel free to contact me to discuss your South Bay home's potential in the local market. Whether your property is in Manhattan Beach, Redondo Beach, Hermosa Beach or an inland community, I can give you a no-obligation analysis of your house and the competition, to help you make a good decision about whether this is the right time to sell.
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