Trains Running Through Your Backyard Are Just Fine

Dated: February 23 2013

Views: 934

I hear it so often now, I just nod my head and agree. Yes, the market is crazy right now. Yes, anything that goes on the market gets multiple offers. It's a battle out there for homes. Every strategy in the book is being deployed to ensure our buyers have the best price and best terms.

It is that combination that will win the bidding war. This brings me to my most recent suggestion to sellers. If you have a home that is difficult to sell due to external circumstances such as train tracks in your backyard, a dog kennel in the distance, a deserted gas station on your corner, now is the time to get it out on the market.

Buyers are overlooking what typically would be a no go and moving forward undetered by what would otherwise deter buyers. Just looking at a few cities in Central Contra Costa County, the number of pending properties is 243 while the number of actives is just 86. In a more balanced market those numbers would be reversed with about 3 months of inventory. The cities used in the statistics included Walnut Creek, Pleasant Hill & Lafayette. However, Danville, San Ramon & Dublin are seeing similar data. Hopefully Spring in the East Bay will bring us less pollen and more homes.

Want to Advertise on this Site?

Latest Blog Posts

Why Compass And Eastbaypro To Achieve Your Real Estate Goals

Compass is the only real estate brokerage brand that speaks to the next generation of luxury buyer exquisitely. This ‘next generation’ (of all ages) work in industries that have advanced far

Read More

The Dangers Of Overpricing In Diablo Valley

Compass ran an analysis on homes that are priced less than 2MM in Contra Costa County and throughout #DiabloValley area. Compass compared overpricing a home with those priced at fair market value.

Read More

The Winter Season

Winter is here you can feel the chill in the area coming from Pacific ocean off the bay. This week, especially today with the strong winds making a mess of all the leaves that everyone did their

Read More

Prop 5 Expected Inventory Impact

Proposition 5 qualified for the ballot this year with over 1 million signatures from registered voters. If this proposition passes it will enable homeowners who are 55+ to sell their existing

Read More