It doesn’t matter……if the price is right! I hear it all the time, “right now it’s a buyers’ market.  It’s not the right time to sell.”  The fact of the matter is, if you’ve decided to move because of a new job, or your current home is too big/small, or you just want to live in a new neighborhood, the market life of your home is entirely up to you!  Sure there are times where sellers can list their homes at an optimistic value and sell at that price; however the majority of homes will sell within “fair market value”.  Most homes priced above this price range where the process can be long and drawn out, where in most cases, a home seller can become extremely frustrated and eventually sell much lower than anticipated.

Determine why you are moving.  Is it because you got a promotion and need to relocate? Is there a baby on the way and you just need more room?  Have your kids moved out and now you have too much house?  Look at your motivation to move and your time frame and this will generally have an impact on the price you and your agent decide to set for your home.  In general most sellers tend to have a very optimistic value of the value of their home.  As a home seller, you need to remember that you are not the only one trying to impress a buyer.  The challenge that one must overcome is to understand that most home buyers have no attachment to any specific home.  Most buyers today are looking for the best value in an area that they are interested in.  Also keep in mind that your upgrades may not be to the liking of a prospective buyer, therefore your hardwood floors may not add value to the buyer if they prefer a tile floor or vice versa. 

Put yourself in the buyers’ shoes.  It all just depends on what the buyer is looking for and ultimately what they can afford and if it makes sense to them.  I always tell my clients that they will most likely get an offer based on what the home is worth or maybe more depending on the inventory in the area and condition of the home, as long as it isn’t overpriced and it hasn’t been on the market for 6-12 months.  A home on the market month after month becomes stale, and buyers WILL notice and interest WILL slowly diminish. 

Pricing a home right the first time will ensure that buyers looking in that price range will see your home.  It is not uncommon for overpriced homes to be unseen by buyers looking in a specific price range because it just doesn’t fall in their specific criteria and you can’t sell a home to a buyer who hasn’t seen it yet.

Stay tuned for ways to ensure your home is priced to sell!  Also to learn what your home would sell for in today’s Irvine, Orange County market go to http://www.IrvinePropertyValues.com and sign up for a free over the net home evaluation!

Is it a buyers market or a sellers market in Irvine Orange County? is a post from:

We all know that we are in a great “buyers market” in Irvine, Orange County; this is obvious due to so many reasons, however for the past several months we have also been in an amazing “sellers market”.  Although not as obvious, the fact of the matter is that this is the BEST MARKET TO SELL YOUR CURRENT HOME AND UPGRADE TO A NEW HOME!

I frequently read other brokers blogs on a daily basis, always looking for fresh ideas, interesting posts, and just overall coversation and debate in the field of real estate and I came across a great post from a broker in the LA area discussing the same topic of moving up. 

You may ask yourself, “Why it is such a PERFECT MARKET to sell my current home and upgrade to the home that I have always wanted…..the PERFECT HOME?”

Read about the 5 reasons why SELLING NOW and MAKING THE UPGRADE TO A NEW HOME can make you MORE MONEY NOW (and in the future)!!

To learn what your home would sell for in todays market and see how you can benefit from selling Today, contact the Mack Team directly or get a free over the net home evaluation (without even speaking to an agent)! If you like what you see, we can always set up a free, no obligation consultation to see how we can help you acheive your goals!

Make More Money Now (and Later) by Selling your Irvine Home! is a post from:

The signs all point in the same direction!  Home prices have become so much more affordable compared to the prior years, interest rates are historically low ranging between the high 4’s-mid 5’s (depending on your loan structure), Irvine, Orange County inventory has significantly dropped, and there are so many tax credits for buyers to take advantage of.  All of these factors have made it one of the best times to sell and/or buy a home in comparison to the past years.  In most areas, prices have stabilized and in select areas, prices have even gone up!

Sales activity is up in almost every area in Irvine, CA.  Whether you are looking to BUY your first home, second home/investment home, or SELL your current home and move up. NOW IS THE TIME!  My mentor would always tell me that the majority of money made in real estate is always made on the purchase!  By that token, if you are a buyer, you are in the driver seat based on all of the points/benefits made above.  On the flip side, this also has a positive outlook for sellers in two main ways.  First, if you are a seller, you have a high number of qualified and motivated buyers competing against each other to buy a home NOW, therefore you increase your chances of having a multiple offer situation and pushing the sales price above the actual list price (especially since inventory is low).  The best priced homes are selling within days of being on the market to the highest and most capable buyer. Secondly, after you sell your home you BECOME a buyer, in the driver seat, and you can make up selling your home at a reduced price (compared to previous years) by buying your new/move up home at a fraction of the cost and still taking advantage of all the buyer benefits offered today!  If you wait for the market value of your home to go up before you sell, then be prepared to pay more for your new home and take a gamble on higher interest rates.  No matter how you look at it, SELLING NOW IS A WIN WIN SITUATION!

In the Northpark Square community of Irvine, Orange County during the times of 10/1/2009 through 12/31/2009 (which is the final quarter of the year) a total of 17 homes sold.  This number is 55% higher than the same time period last year, where only 11 homes sold!  Clearly more homes are selling and more buyers are buying now.

Northpark Square Home Sales from 10/1/2009 through 12/31/2009 – (17 Closed Sales)

1. 5 Delano                -              Sold on 10/1/2009
2. 14 Julian               -              Sold on 10/2/2009
3. 42 Whitford         -              Sold on 10/5/2009
4. 10 Inglenook      -              Sold on 10/6/2009
5. 8 Dos Rios            -              Sold on 10/7/2009
6. 6 Avalon               -              Sold on 10/9/2009
7. 34 Leucadia         -              Sold on 10/14/2009
8. 2 Flora Spgs         -              Sold on 10/20/2009
9. 2 Galena                -              Sold on 10/21/2009
10. 41 Bella Rosa       -              Sold on 10/28/2009
11. 16 Riveroaks       -              Sold on 10/29/2009
12. 8 Galena                -              Sold on 11/6/2009
13. 3 Cabazon            -              Sold on 11/12/2009
14. 17 Ravendale     -              Sold on 11/12/2009
15. 12 Rutherford    -              Sold on 11/16/2009
16. 26 Kernville        -              Sold on 11/30/2009
17. 18 Forest HI        -              Sold on 12/23/2009

Northpark Square Home Sales from 10/1/2008 through 12/31/2008 – (11 Closed Sales)

1. 74 Rosenblum    -              Sold on 10/24/2008
2. 5 Villager              -              Sold on 10/25/2008
3. 17 Leucadia         -              Sold on 10/26/2008
4. 78 Rosenblum    -              Sold on 11/7/2008
5. 1 Rutherford        -              Sold on 11/10/2008
6. 7 Rutherford       -              Sold on 11/10/2008
7. 12 Leucadia         -              Sold on 11/14/2008
8. 3 Raines                 -              Sold on 11/18/2008
9. 25 Leucadia         -              Sold on 12/8/2008
10. 20 Taquitz            -              Sold on 12/17/2008
11. 10 Iron Springs  -              Sold on 12/24/2008

 To learn exactly what YOUR home would SELL for today, contact the Mack Team directly or sign up for a FREE OVER THE NET home evaluation (all without even speaking to an agent) TODAY at http://www.IrvinePropertyValues.com.

Northpark Square Sales Activity is up 55% compared to last year! is a post from:

For an investor in Irvine properties there is no such thing as bad times. Fluctuating times, yes, but not bad times. An established investor harvests his or her crop during sellers’ market period and sows the seeds during buyers’ market time. The only drawback may be the ability to forecast Irvine real estate market situation. Educated guesses based on history may be a good practice but not fool-proof, same with current trends. We don’t know when this trend may change direction and to what degree. Every five or six years the real estate market takes half an oscillating turn—for better or for worse. In most cases Irvine property owners are generally winners for obvious reasons. Exceptions may be: medical reasons, divorce, moving, disagreement between partners and in rare cases, natural disasters not covered or only partially covered by insurance.

I don’t encourage folks to commit themselves if, for any reason, they cannot meet the subsequent responsibilities of property ownership. It has its headaches: property management costs, incessant tenant complaints and repairs, association fees where applies, possible vandalism after the tenant vacates, Orange County property taxes, and the monster of them all: delinquent tenants. It takes a down-to-earth like character to deal with such ordeals. If you don’t have it, I’d suggest you keep your 9-5 position with your employer. On the other hand, if you have it you will eventually reap the results and smile all the way to the bank. Oops! Did I say bank? Yuk! I hate that word; I mean reinvest in bricks, mortar and iron and plenty of two by fours.
Views, comments, responses and constructive criticisms are welcome.
Make it a great day.

The Mack Team
Robert & Tania Mack
 Century21 Professionals 
Irvine, Orange County

http://www.irvinerealestatelink.com

Irvine Real Estate Link, CA – When to buy property is a post from: