Successful pricing strategies in any endeavor must take the competition into account—so when it comes to right-pricing your Costa Mesa home, that factor is at least as important as any other.
From the seller’s point of view, right-pricing starts with a walk-away number: a price that would be so low it would result in financial hardship. Offers at or below that level are not welcome (although good practice dictates a counter, rather than a true walk-away, which risks bringing emotion into what might otherwise have resulted in an acceptable final offer). At the top of the pricing range are the outlandish pie-in-the-sky prices that never really materialize. Those billionaires who don’t care about their bottom lines also never materialize. As has
Costa Mesa homeowners who had to decide whether or not to put their home on the market this year have had an easy time sizing up the real estate Big Picture. Across the country, prices have been rising steadily but moderately. Sales may be down, but that’s because too few properties are being offered. And the financing picture remains favorable.
Putting it all together, the prices news is good for sellers, the lack of inventory is less good news for buyers—while the low home loan rates is good news for both buyers and sellers. That combination may be a little muddled, but is certainly encouraging for sellers. The big question about the future is what’s likely to change in the coming year?
The single individual who is probably best situated
Real estate is bugging 29 million Americans—and who can blame them? According to Realtor Magazine, more than 10% of U.S. adults say they are losing sleep worrying over residential issues. Area residents might not be part of any rampant insomnia epidemic, but for many, at least some components of Costa Mesa housing costs have been inching up.
The source for these sleeplessness statistics is a recent Bankrate.com survey, which reported on a broad range of housing cost responses. Included were mortgage rate, rental payment, and home price issues. To be perfectly accurate, there were a number of other leading causes for of the sleeplessness findings. Less real estate-focused financial concerns topped the list of money worries—saving enough for
We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to
When Costa Mesa house values—or even only the public’s perception of house values—rise and fall at eye-popping rates, even homeowners who aren’t thinking of selling find it unsettling. The dislocations that resulted from the housing crisis of the last decade are hard to forget. Although some risk-tolerant investors made headway in that environment, the fallout for most was at best nerve-wracking. That’s why last Tuesday’s National HPPI report may be comforting to Costa Mesa homeowners, as well as to prospective buyers. The Home Price Perception Index is the distillation of data gathered by Quicken Loans. It covers 3,000-plus counties in all 50 states—so it’s national rather than local—but there is little reason to doubt that the gist of the trends it
Everyone still calls active would-be Costa Mesa home buyers “house hunters.” The term hasn’t changed; the goal hasn’t, either—but today the activity it conjures up is very different from that it did just a short while ago. For instance, for Costa Mesa house hunters whose last hunt was in, say,1990, their memory of “house hunting” is probably that of thumbing through stacks of black-and-white listing sheets provided by the real estate agent. Those may have been a little hard to read, especially if they’d been sent to their oh-so-slow home fax machine. If any of the sheets looked worth pursuing, the next step might have “beeping” the agent’s pager—whereupon the agent would have then contacted the seller’s agent (usually through their answering