tag:blogger.com,1999:blog-22169920.post4067868014573623374..comments2023-12-20T03:39:11.359-08:00Comments on San Fernando Valley Real Estate: 1106 N. Cordova, Burbank closed today and here's how it wentJudy Graff, Broker Realtorhttp://www.blogger.com/profile/18318238524166896069noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22169920.post-22874922963046723352011-07-08T08:54:16.859-07:002011-07-08T08:54:16.859-07:00Thank you. Yes, makes sense. Full on professional ...Thank you. Yes, makes sense. Full on professional effort usually pays off vs hoping for the "fever" effect.<br /><br />While the staging wouldn't effect me as I can look past the empty room or current tacky decor and vision the potential, I'm fully aware for most it's a highly emotional decision and staging has everything to do with it.<br /><br />Nice to hear the market might be calming down a bit.<br /><br />Thanks for the straight forward answer and good job on the marketing/sale!<br /><br />TonyMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22169920.post-52374136114515228342011-07-07T19:15:19.080-07:002011-07-07T19:15:19.080-07:00Tony, thanks as always for your thoughtful questio...Tony, thanks as always for your thoughtful questions. Re the "fever": yes, I do think the market is calming down. Now it seems something needs to be severly underpriced for it to draw multiples.<br /><br />As far as this particular house goes, well, I don't think you can ever assume anything. The sellers and I looked at the comparables, and believed we were pricing at the high end. And my experience has been that it is wrong to assume you'll have a quick sale at a reasonable price on an 880 sf. home, no matter how cute it is. If I had assumed that, I wouldn't have had the sellers pay for staging ($4k). And candidly, I wouldn't have felt the need to spend big bucks on marketing either. I guess the take-away is that in this market, nobody has a crystal ball, and old-fashioned effort brings results. Does that make sense?Judy Graff, Broker Realtorhttps://www.blogger.com/profile/18318238524166896069noreply@blogger.comtag:blogger.com,1999:blog-22169920.post-49931459058930528692011-07-07T09:19:12.498-07:002011-07-07T09:19:12.498-07:00Congrats! If you care to comment I'm curious ...Congrats! If you care to comment I'm curious on your take on something. Last time I actively looked at homes was mid 2009. Market was certainly deep down at that point. Back then, most listings I pursued were recieving mulitple offers 5-10% above asking, and I felt the asking prices were realistic. So it's not like they were under priced. Though I realize "realistic" is subjective, and ulitmately it's what one is willing to pay. Your sale was 1% over asking.<br /><br />Do you think the "fever" is calming down on the mulitple offers/over list offers, or was it that this house was priced accuratly. <br /><br />Thank you,<br />TonyMAnonymousnoreply@blogger.com