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Trains Running Through Your Backyard Are Just Fine
Dated: February 23 2013
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.