August is a popular month for vacations, back-to-school shopping and house hunting on "The Hill" as the Palos Verdes Peninsula is fondly referred to by the locals. Most sellers know they've missed the spring rush, the summer shoppers and by the time August rolls around they are taking a serious look at the price tag on their property and doing an in-depth analysis of their motivation to sell.
A few Palos Verdes homes will be taken off the market in August and their owners will opt to try again next spring when their price may be more appealing to shoppers. Other sellers will decide 2009 is their year to sell and move forward with their plans with renewed zest.
Look for price reductions as a signal a seller is ready to sever the emotional ties and accept market value for his property. They may have missed the back-to-school crowd, but they can still meet the goal of being in a new home for the holidays.
Life involves change and accepting we do not always succeed the first time--or sell a house the first month on the market. When something isn't working it is time to evaluate and adjust expectations. Buyers, you may be pleasantly surprised at the reception your new offer on a stale listing receives.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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