As well qualified buyers are consistently finding themselves in a multiple offer situation, also known as a “Bidding War,” sellers are reaping the benefit.
We are now in a seller’s market. Low interest rates and limited inventory are the main contributing factors to our current market conditions.
It is essential, when entrusting a real estate professional that you ask the right questions.
1. How much is my home worth?
Values should be supported by recently closed comparable sales. Yes – you can “push the value up,” but it is very important to verify buyer’s preapproval and, if possible, have buyers waive their appraisal contingency. If buyer is willing to waive appraisal contingency, make sure that they have liquid funds to pay the difference between their offer price and appraised value.
2. How will your home be advertised?
Internet and social media are very important and effective advertising tools. Every property should have a virtual tour, not just the $1,000,000-plus listings
3. Ask Realtor For Referrals
It is very easy for an agent or broker to tell you that they are great. Ask them for at least three past clients. Trust, but verify.
The good news is that the Santa Clarita Valley has some of the finest real estate professionals in the business. You will more than likely be in very capable hands!
JLM Properties Inc. is located at 27201 Tourney Road, Suite 200E in Valencia. For more information, please call 661-510-2112 and visit www.JLMPropertiesInc.com.