Daisyk, Home Owner in Oakland, CA

Need for price cuts in Long Beach?

Asked by Daisyk, Oakland, CA Wed Jun 8, 2011

Just curious, but are sellers in Long Beach finding a greater need to make multiple price cuts on their homes these days? If so, would you say it's because most people prefer to buy inland because its cheaper or because most people aren't as interested in buying vacation homes right now. Any thoughts?

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.’s answer
From my experience, homes sell quickly as long as it was priced well from Day 1. So from what I have seen home owners are not cutting prices across the board in order to sell. Most likely sellers that over-priced a property and didn't review the comparables will need to adjust their price if necessary.

I have 2 clients looking and making offers on condo's and homes in Long Beach. So far we have been out bid on all our offers. Seller's we've dealt with aren't cutting prices nor have I seen buyer's fleeing inland. To us it seems to be just the opposite

Monica Hernandez
Bankers Realty Exclusive, Inc
0 votes Thank Flag Link Wed Jun 8, 2011
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