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Linda Dye's Blog

By Linda Grigorian | Agent in Burbank, CA

How's the market? REALLY?

I am a Realtor in Los Angeles.  Surprise!

… Burbank, Toluca Lake, Valley Village, Glendale, Highland Park, Eagle Rock, Studio City, Los Feliz, La Canada Flintridge…. You get the picture.

And the most asked question I receive is, “So, how’s the market?’

“How’s the market?!” I respond somewhat excitedly.

This usually is followed by a confused, blank stare back.

Confused? I know how you feel. Let me explain.

I recently listed a property in Sierra Madre. This house is in a wonderful location, surrounded by beautiful mountains and lovely homes. It has been a bit forgotten…if you know what I mean. It needs work. Owners need to move for financial reasons. No problem.  I’ll list it and get it sold.

I put it on the market. We schedule limited showings.  I get bombarded with calls and emails.  In less than 2 days, I receive over 15 offers, majority of them all cash buyers. There is a bidding war. It is on!

What is this?  I speak with my colleagues on a daily basis about this market. We are also baffled. We smile, list the homes and throw our hands up.  This is awesome.

How’s the market, you ask? 

The market is intense!  We are surrounded with a high demand and a low supply. Come on guys, we learned about supply and demand in high school. So what does this do? It creates a massive, albeit somewhat healthy, fight for properties.

So.

As a seller, congratulations! No better feeling than having multiple offers. Sit and let them fight it out. I’ll be the referee.

As a buyer, you must be aggressive!  Take it as a wonderful compliment of the area you are bidding on.  Make the cleanest and strongest offers.  I’ll be your coach.

How’s the market?  It’s awesome!  Let’s play.


Linda Dye

Realtor®/Consultant 

818-321-3311

Linda@LindaDyeRealty.com

www.LindaDyeRealty.com

DRE # 01858104

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