Dear Friends and Colleagues, The seasonal transition to a slower market is here. September had a good amount of activity but expect sales to taper off into the winter holidays. Property values are still showing strength with year over year gains of 6.1% since last year. This is still a very healthy market with no short term signs of growth stagnation or price depreciation. Review our Buyers and Sellers ADVICE section to best position yourself in this transitioning market. Please continue sending us topics of interest so we can cover them in future newsletters. Thank you for reading!
Listing inventory is very limited with the majority of buyers gravitating towards properties that are turn-key ready or in need of very minor upgrades. Properties that are in need of a lot of upgrades are having a harder time getting sold. Most buyers are unable to make major upgrades so if you have a property that is a major fixer, your buyer pool is much more limited. Investors are still a big piece of the market, but home sellers should expect a lower sales price when dealing with investors as many of them come in with very favorable terms, all cash and a quick close.
Interest rates continue to remain low, which is a tremendous advantage for buyers, keeping the demand high. If inventory is very limited in your area, this maybe the best time to consider selling your home. Prices are at all time highs in many areas so this would be a great opportunity to take advantage of the market while it's still hot.
If you are considering selling but aren’t sure where to start, give us a call for a FREE phone or in home consultation to go over all your options. 310.573.8670 - Dennis@DennisAdelpour.com
Advice for Buyers
This is a great time to get aggressive about finding a home. Look for homes that have been on the market for more than 60 days to negotiate the best price. Interest rates continue to remain low, as does property inventory. One of the only ways to succeed in not overpaying, is to seek an off market opportunity. Waiting for a property to come on the market is what everyone else is doing. The second something good comes up, there is so much demand that it's a feeding frenzy. That's not good for anyone except the seller.
Recent numbers have shown that up to 30% of deals done are off market. Many of our clients are looking at more off market homes than homes currently listed. That is the only way to win in this market. We have a list of over 30 homes on the Westside and Valley for sale off market. Send us an email with your desired location and we can tell you what we have available.
Connect with us to help you find off market properties through our proven strategies. 310.573.8670 - Dennis@DennisAdelpour.com
INSPIRATION
We Do Not Plan To Fail, We Fail To Plan "Dreams without goals, are just dreams and they ultimately fuel disappointment"
11021 Catarina Ln #296 San Diego, CA 92128 This immaculately kept top corner unit with panoramic mountain views from almost every window and a bright spacious feel is exactly what these buyers were looking for! Represented sellers!
2719 Kelton Ave. Los Angeles, CA 90064 Another multiple offer scenario, where The Adelpour Group helped their clients purchase the perfect house, despite NOT being the highest offer!
267 S. San Pedro St #202 Los Angeles, CA 90012
Sold ABOVE Market value almost immediately! Represented Sellers!
4955 Kelvin Ave. Los Angeles, CA 91364 Another MULTIPLE OFFER situation where The Adelpour Group negotiated aggressively to get the deal. The majority of our recent sales have been by winning in multiple offers. Lots of competition and limited supply is keeping the market hot.
CALL US TO LEARN MORE ABOUT HOW WE CAN ACHIEVE THESE RESULTS FOR YOU! (310) 573.8670
POCKET LISTING!
Pocket Listing in the Flats of Beverly Hills!
Great Investment Opportunity
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Call us to learn more! 310.573.8670
LA LIFESTYLE
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