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Los Angeles Home Buyers You May Have to Pay Full Price or More

Posted by janepeters on April 10, 2011
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Los Angeles Home Buyers Multiple Offers Still Exist, Buying a Los Angeles Home you My Have to Pay Full Price or MoreLos Angeles home buyers you cannot sit on your laurels forever.  If a home is in a good location and is priced right, it is going to sold from right under your nose.

I was out in Los Feliz, a desirable neighborhood of Los Angeles, looking at a duplex that just came on the market today.  The area is great and the price is right, and during the twenty minutes or so that my client and I were there the agent was very busy with visitors.  The place needs quite a bit of work and reconfiguring, but the bones are good and it has PO-tential.

My client quite likes it and might consider making an offer, but she still needs to go back with her contractor to look at the possibilities.

Now, here’s the thing Los Angeles home buyers.  This property is going to go quickly.  I must have heard the word “offer” at least three times while I was there.  This means that you cannot always come to a property with the thought that it is overpriced.  Not every property is overpriced and this one WILL sell quickly, and probably for over asking.

When this kind of situation presents itself, put your best foot forward and make your best offer.  Maybe give yourself a little wiggle room, so that if a counter comes back you can address it.

And, Los Angeles home sellers, this is the perfect example of a well-priced home.  There is a shortage of good properties in Los Angeles at the moment.  There are plenty on the market, but many are overpriced, or have been sitting on the market for so long that they have lost their luster.  The fresh, new kid on the block is going to draw the attention and the offers, especially if the price is right.

See what can happen when we all play nicely in the sandbox.

Map of Los Feliz


View Los Feliz, California in a larger map
 

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