LA VERNE REAL ESTATE MARKET WATCH - JULY 16-22, 2011
| Market Watch |
| New Listing (0) | |
| Price Change (3) | |
| Back On Market (0) | |
| Backup Offer (3) | |
| Expired (0) | |
| Pending (1) | |
| Sold (0) |
Okay, so this is LA VERNE REAL ESTATE for the week. Really, really slow. I wonder what put the brakes on everything, but the last few weeks everything in La Verne was looking fabulous.
So, let's start with the PRICE CHANGES. Not so many, but with the amount of activity all over the board, three is still more than zero. As always, I caution you to make absolutely sure that you use a Realtor who KNOWS how to price right the first time! Naturally, I do! LOL But seriously I know how to do a proper CMA with great comparables to your home. I can also run comparables from another site that the appraisers go to so you can see a close estimate of what the house will appraise for. (No, I am not an appraiser, nor do I claim to be, but their site is fantastic for being dead on.) Gee, maybe I should write a blog on that subject - More to come!
On to BACK UP OFFERS - A BACK UP OFFER is when they already have an offer they are working on, but they are taking others just in case the first offer doesn't happen to go through. This is really smart for Realtors to do, especially when working with short sales or bank owned properties. Short sales and bank owned properties can take a longer amount of time and some buyers really don't have the patience and drop their offer. It's a shame, really, but that's the reality of the situation.
One is actually PENDING - This means that the offer has been accepted by all parties and has moved into the escrow phase. Hopefully this one will get a new family within a month or so.
That's about it for this week. As always you can contact me with questions or for all of your SOUTHERN CALIFORNIA REAL ESTATE NEEDS.
LA VERNE LIVING!
Warmest Regards,
Linda K. Mayer,
Realtor, Office ManagerLinda K. Mayer,
A Realtor you can Trust!
(626) 824-8927 Cell
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