Home Selling in 96816>Question Details

Rosemary Lee, Home Buyer in 94579

The reason for all the questions on the house values in the Diamond head st louis area I'm thing of selling my home and do not know if this is a

Asked by Rosemary Lee, 94579 Wed Nov 11, 2009

good time to sell.

Rosemary

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4
Hi Rosemary,

It all comes down to price. Properties that are priced well are selling fast and are even getting multiple offers. If a property is worth $700,000, for example, and you want to wait for $725,000, then you will have to wait longer (or possibly never get that amount). On the other hand, if it is priced well and exposed to the market well (properly advertised and promoted), then you will get a lot of showings and hopefully good offers. A home very close to my office was listed two weeks ago. It was priced well, and received 13 showings and 5 offers in the first week. There are qualified buyers out there. There are many factors that go into pricing and marketing it.

For professionals in Honolulu (City of, not County), see
http://www.trulia.com/voices/directory/Honolulu---18714

I would be happy to break down the sales specifically in your areas. You typically want to look at homes in the same area, same age, same square footage and home size.

Aloha,
Frank Diaz, MBA (RA), e-PRO
East Oahu Realty
808.723.0900
1 vote Thank Flag Link Wed Nov 11, 2009
Aloha Rosemary:

My name is Mike Gallagher and you should visit my website at http://www.hawaiirealestatestatistics.com and track what is happening Island wide as well as individual neighborhoods.

The best time to sell is Seasonal. It begins in April and runs through September of each year. If you are still on the market in October, pull the listing and remarket in the Spring of the following year.

There are plenty of EZ to understand graphs on my site.

Much Aloha,
Mike Gallagher, Broker in Charge, Abe Lee Realty
Ethics Complaints Review Committee Member, Honolulu Board of Realtors
0 votes Thank Flag Link Thu May 27, 2010
Hi Rosemary. In addition to the potential marketing price and ultimate sales price of your home, you may want to consider the cost to purchase or secure your next living situation once you sell if you choose to sell now. If you choose to purchase something else after selling, then consider the low interest rates available to you and the purchase price of your next home. In any market, whether low or high, it is always best to buy low and sell high relative to the existing market conditions. Give me a call and I'd be happy to explain and illustrate with examples this concept.
Ronda
Ronda Ching Day
(808) 387-1474
aloharonda@gmail.com
0 votes Thank Flag Link Wed Apr 21, 2010
Good morning Rosemary, I hope your holiday is a relaxing one. Each neighborhood and home is unique and therefore should be marketed via a tailored marketing plan that best fits your home, should you decide to sell it.

To briefly answer your question, in general, Oahu overall has shown a steady incremental move upwards in the number of sales over each month this past year, with home inventory levels decreasing. (I believe there was thorough example of these numbers in a previous response to your question). We are also seeing homes in specific neighborhoods at various price levels actually leveling off or increasing. When priced correctly some homes have garnered multiple offers, sometimes at or over list price within the first 3 weeks of listing the home. For example, I had a client compete against 15 offers for a particular property. It is not uncommon for buyer's to now have to compete against several offers.

Helping to drive this frenzy, I believe is due in part to the government incentives, like the $8,000 tax credit for First Time Home Buyers. (Speaking of which, the deadline has been extended to purchase or be in escrow by April 30, 2010 and can be used by individuals who already have homes, up to $6,500)

The statistical trend and basic economics of increased sales and decreased inventory could point or signal towards a transitional market from a Buyer's Market to a Seller's Market. Are we there yet? Is it a good time to sell for you? Maybe. Your particular situation and each home/neighborhood is unique and a thorough consultation and market analysis of comparable recent solds in your specific neighborhood should be performed by your realtor of choice. I hope this helps. Happy Holidays!

P.S.
Our offices our offering free various seminars that are very informative and not to mention offer pretty good pupu's. Topic's include, First Time Home Buyer (Tax Credit), 1031 exchanges and more. If you would like to attend one feel free to contact me to RSVP a seat.

Sincerely,
Geoffrey Guzman (RA) GRI, ePro
email: "findahome@geoffreyguzman.com"
0 votes Thank Flag Link Wed Nov 11, 2009
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