One Simple Strategy for Southern California Buyers

Buying a SoCal Home? Search all Homes for Sale
Selling a SoCal Home? Check out our FREE Home Value Report

As the prime selling season of the year approaches, it’s important to prepare your home if you plan to list soon.

On my website, I offer a service called Rate Alert. I’ve subscribed to it for many years. I use it primarily to help clients figure out the best time to lock in a loan. Oftentimes, people that use this tool find out now is the best time for them. It provides an estimate your loan officer or broker would provide for you. You can sign up for both daily and weekly alerts.

This is an especially helpful tool if you’re thinking about buying or selling a home in Southern California. If you have any questions about this feature or anything else real estate related, feel free to give me a call or send me an email today! Let’s talk.

How Can the Rule of 72 Help Your Next Southern California Investment Endeavor?

Buying a SoCal Home? Search all Homes for Sale

Selling a SoCal Home? Check out our FREE Home Value Report

Today, I want to share an important rule when it comes to real estate investing. This is the rule of 72. 

This rule states that if you divide the interest rate you get on an investment by 72, you will find out how many years it will take to double the rate of your investment. Additionally, if you divide the number of years by 72, you will find what type of rate of return will double your investment.

Right now, many people in Southern California think real estate is much too expensive. However, the average rate of return on real estate investments is around 5.5%-6.5%! In fact, if you leverage your money right, using the rule of 72, you can double your investment in less than three years.

If you have any questions about investment opportunities in the area, don't hesitate to reach out to me. I'm always available to help.

How Can You Sell for Top Dollar in Southern California?

You can't hope to sell your home for a lot of money simply by pricing it high. In fact, when you price your home higher, you're more likely to get less money for it - if your home even sells at all.

Buying a SoCal Home? Search all Homes for Sale

Selling a SoCal Home? Check out our FREE Home Value Report

When you go to sell your home, you cannot hope to put a large price tag on it and for it to sell well. Buyers simply do not respond to overpriced homes, and you need a much more complex strategy that will price your home at an attractive and fair market value. 

In the last seven years that I've been doing business, my list price to sale price ratio has been 103%, which means that I get people 3% more money for their homes, and this can add up to thousands of extra dollars in their pocket. 

One way that we accomplish this is by doing a comparative market analysis on your home to find what similar properties are selling for. We take into account many different aspects of your home, and we then decide what an appropriate price may be for your home.

The sweet spot when pricing is to price just below the market value, and then to have that attractive price bring buyers in and have them fight over your property. The end result is a bidding war where hopefully your home sells for much more than the original asking price. 

Pricing a home attractively takes a deep knowledge of a local market, and I have been in Southern California for quite some time now. I know the ins and outs of this market.

You can count on me to price your home so that it sells for top dollar! If you have any questions about how this can be accomplished, then please don't hesitate to ask me.