Prices ARE rising and there is a very hot buyer market out there. I believe you would do better if you work directly with a Professional Realtor on a CMA on your property. We do expect a very busy Spring and Summer Selling season this year.
The market is good right now, but who knows what will happen later. Don't rely on the Trulia numbers - contact a local Realtor ( 2-3 pros) and get their up-to-date information.
Malibu is a destination location that many people desire to achieve. Make sure that your Realtor has Global marketing that will attracting buyers.
Right now it is sellers market because lots of sellers waiting for better times to sell their property - there is shortage of properties on the market- there for you have very little competition and ability to sell your property fast in this market! Most of the properties in this market have multiple offers - allowing sellers to increase prices.
Sure you can wait and try to sell it later, however there is no guarantee what the future will bring and most likely all the sellers that are holding their properties right now will start offloading/selling their properties also - there for there is a great chance that as you wait - you may face much stronger competition in the future from other sellers there for your property may not sell as fast or at a such a hight price in the future.
Ether way it's your call - i hope you will consider me for your property sale call me 424-777-9377
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Make your decision upon what's best for you and your family instead of trying to second guess the nutty real estate market! Take care.
It is currently a great time to sell! The inventory is very low and houses that are priced well are selling quickly. Whether or not there will be further appreciation in the future, no one can say for sure, but when the inventory is really high, homes don't always sell as quickly. Also, interest rates are currently low if you are looking to purchase a home after selling. It really depends on your long term plans and needs.
$750/square feet does not sound unrealistic for Malibu right now, but there are other things that affect the price of a home such as views, upgrades, floor plan, and condition. I would be happy to provide you with a free professional estimate of your home value at no cost!
In regards to your question regarding 4 bedrooms getting less per sq ft than homes with fewer bedrooms, it is hard to say why that is, but my guess is because some of the larger homes have fewer bedrooms that are each much larger. If your same home had 3 bedrooms for example, each of the 3 bedrooms would be quite a bit larger than the 4 bedrooms, which might seem more luxurious and appeal to a different type of buyer. Also, you have to take into consideration other aspects of the house such as lofts, office areas, dens, etc. that may not be considered a bedroom but would add to the price of the home.
Feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com. I would be happy to answer any questions you might have in detail or assist you in the sale of your home.
Good question Mr or Mrs T Jennett.
It depends what you want to do after you sell. If this is your last home and are down sizing and it is not your personal residence you may get hit with Capital Gains tax for not doing a 1031 exchange as opposed to leaving to your heirs. If it is your personal residence and you are married and you have over $1M in capital gain you might get hit with taxes as well. I can't give you tax or legal advice so check with a competent professional.
If you are young and fixing and flipping yes buy wholesale fix it up, and then sell retail and then do it again.
It all depends where you are at with your property, if it is your personal residence or an investment property, and where you are at in your age and your risk level,
Is this the T Jennett I sold a big huge hotel to in Ventura County?
Can I sell your home? Perhaps you would consider letting me put it up for sale or trade.
Al Goldberg Broker
30+ Years Experience
You would do well to select a MALIBU based realtor to assist you as it is most definitely a different market out here - most of the people answering you below are NOT.
RE/MAX ESTATE PROPERTIES
Malibu & Topanga
License #: 01299413 -
It seems that the reason for putting a home on the market is probably different for each and every homeowner, what are the reasons for selling, where do they move to afterwards, is this a primary residence or or or
What you really need is to be connected with an experienced area Realtor, who will be honestly exploring your market with you, i.e. show you exactly what has recently sold and compares best to your home and
may be some up or down adjustments will be necessary. You should then also discuss the marketing and
advertising and the time frame the other recently sold homes took to close.
You really need to discuss the value of your home in today's market with a local Realtor, who hopefully has seen many homes in your market place either during brokers open house tourings, or having shown them to potential buyers, or sold them or listed them, to advise you, what you have in mind
may or may not be realistic in today's market, so you want a Reatlor to puts the straight facts in front of you and hopefully will also assist you in preparing your home so that it will show at its best...
The Stats on Trulia or any other website, more often than not do not take into consideration the location of a home, the upgrades, the flow of the floor plan, and many other plus or minus items in
each individual home... If you need a good recommendation for a local Realtor in the West Malibu
area feel free to e-mail.... EdithSellsHomes@gmail.com
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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Investors alike....And always with a SMILE :)
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Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
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