SHOULD I SELL?
The statewide median price is expected to increase modestly in 2013, as the change in the mix of sales due to more sales in the high-end market and the shortage of inventory put upward pressure on home prices. The fierce market competition, however, will continue to be the norm in 2013 as tight supply condition remains an issue.
With an imbalance between supply and demand, home buyers have been fiercely competing with each other. Nearly six of ten home sales (57 percent) received multiple offers. The share of home sales that received multiple offers was the highest in at least the last 12 years. On average, each home sale received 4.2 offers, a slight increase from 3.5 offers in 2011.
The fierce market competition led to fewer properties being sold under the list price. Historically, 68 percent of all homes sold below their asking price. In 2012, the share of home sales with a discount from the list price dropped to 59 percent, the lowest since 2005.
Source: C.A.R. 2012 Annual Housing Market Survey
Right Agent & Brokerage
Our homes are our most valuable and cherished assets. It is important to partner with a trusted real estate advisor who has an acute understanding of the real estate market and who can expertly price and market a property to help you secure the highest possible offer in a timely manner.
A savvy agent maintains excellent relationships within the brokerage community along
with community at large. Furthermore, a proficient agent works closely with all the
members of the seller's advisory team including escrow and loan officers. They also
know how to identify qualified buyers, streamlining the entire selling process from start
to finish.
Successful agents put their sellers first. They inform the seller of current real estate
market conditions and help price and market a home so that it attracts the greatest
number of qualified buyers.
LISTING AGREEMENT
A property owner who wishes to sell their home usually signs a contract with a real estate brokerage. The contract is called a Residential Listing Agreement. This agreement is the initial contract between the seller and the broker, which gives the broker and a specific agent the exclusive authorization and right to sell your property for a designated period of time (i.e., six months or a year). Terms vary by agreement, but usually include items such as duties of the agent, the commission amount, length of the exclusive authorization to sell, listing price and other selling terms.