Victoria, Condominiums are selling in Beverly Hills, the only difference is you have to correctly position the Condominium in our current slower market with proper pricing and proper Marketing strategies. There are buyers out there who are as knowledgeble about the inventory as the Agents, hence it is critical that the Condominium is show in its best light.

Dear Victoria,
This is a difficult market, but property is selling now and many properties have multiple offers on them.
Its critical to do an accurate CMA of your neighborhood so that your condo is selling for a price about 15% below your competition.

Hi Victoria,

I completely agree with Cindi - pricing and product are essential.

If you haven't done so already, have a heart to heart chat with an agent to analyze in detail what went right and wrong with your listing. The good news is that real estate is still selling on the Westside and you'd be smart to get your property back on the market. This time, make the necessary changes to ensure that your price is right and your marketing efforts are on point. Insist on weekly feedback from your agent and be open to market changes as the industry is definitely volatile right now.

Good luck with your home and please contact me for any additional information.

Lezlie Brazil
Keller Williams Realty
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com

When a home does not sell...it comes down to either Price, Product (your home) or Pitch (the marketing.) In my experience, price is usually the reason, followed closely by marketing. Homes are selling in your zip code.

Victoria
Who says that condos are not selling. According to Trulia 142 homes recently sold.

So the real problem is that YOUR home is not selling. So, what could the problem be....
Hm....... Value perhaps?

If other homes are selling, then I would ask the last Realtor that listed it why it didn't sell. If they don't have an answer, then if you like I will refer you to a REaltor that will sell your home.

Remember, it's not how much your paid, how much you owe, or how much you invested....it is what a willing and able buyer will pay.

Hi Victoria,

The most important question is, why do you want to sell? Noone knows the future, but most forecasts agree that prices will continue to fall. What reasons did your previous agent give for your home not selling? Did you meet on a regular basis to discuss activity in your area? Did you take her/his advice on price? What type of marketing did your agent do? Did you have any offers? Average number of showings per week? What percentage of comparable listings sold while yours was on the market. When you answer these questions you should get some clarity.

If you still want to sell, I'd get your property on the market ASAP!

Karen Miller
Century 21 Beachside
(562)756-4144

Hi Victoria, a Comparative Market Analysis (CMA) gives you the best representation of market value, activity, and price trend direction - for the specific property details you search on. DO NOT rely on median and average-based statistics, these measures are meaningless for targeted selling/purchasing as they have no regard for any of the specifics your property may have and can be skewed by segments of market activity not matching your individual situation. Request a CMA from a Realtor to arrive at the price that would likely attract a buyer.

Best, Steve