What do I know about Real Estate? Not much apparently!

I recently took a very brief quiz from the National Association of Realtors about understanding today's home buyers and sellers. I scored 4 out of 11! Why am I telling you this? Because the market is constantly changing and we are striving to keep up with the wants and needs of buyers and sellers.

One question was "What was the most common incentive that sellers offered in the sale of the home?" I thought it would be closing costs, but I was wrong, it was a home warranty policy!

Another was "How long does the typical buyer search before purchasing a home?" It used to be pretty quick, but now I thought 8 weeks. WRONG! It is actually 12 weeks.

However I was right on 4 remember, and I think most importantly, "What service do buyers most often say they want from a Realtor?" being right on this "Finding the right home to purchase". Also "What service do sellers most often want from their Realtor?" of course, is "Pricing their home competitively".

So as I and my fellow Realtors continue to educate ourselves as to your needs and wants, know that understanding you, your timeframes, preferences and emotions, helps to make us better serve you. I am here, I can help!

Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://janeloveday.com
http://www.facebook.com/realestatesandiego

Multiple Offers - what to do ....

What is a Multiple Offer?

Multiple would-be buyers submit bids for the same house and end up competing for it, creating a bidding war in some cases, and only one successful bidder in all cases.

With combined record low interest rates and sales prices, short sales everywhere, how can you prepare?

Find a competent and knowledgeable Realtor – http://www.janeloveday.com

You may be competing with investors delivering contingency-free, all-cash offers, be prepared to deliver your best offer, also get prequalified for loans, have all paperwork in order and know precisely how high you can afford to bid.

Don’t low-ball - Despite market challenges, don’t automatically make offers dramatically below asking prices. If you’ve been eyeing a property that has seen multiple price reductions and you’re ready to jump, others likely have been doing the same.

Buy less - just one reason to look at property below your means is that you’ll have money in reserve to bid up if you need to.

Short sales – they can be lengthy and tedious, acceptance dates can run two weeks to six months or more.

Bank-owned property – you may be working against investors again, consider making your best offer, have a larger down payment, don’t ask for closing costs and request a shorter escrow.

I am here, I can help!


Jane Loveday
Windermere Real Estate Agent
619-519-1615 Cell
http://www.JaneLoveday.com