Market Conditions in 90042>Question Details

Chris, Home Buyer in Highland Park, Los A...

MY HOME FOR SALE 449k THE BEST OFFER IVE GOTTEN IS 415k SHOULD I TAKE IT?

Asked by Chris, Highland Park, Los Angeles, CA Mon Oct 13, 2008

MY ADDRESS IS 5066 EATON STREET, LOSANGELE CA 90042 (HIGHLAND PARK BORDER EAGEL ROCK) LOCATED ON DEAD END STREET BEHIND OCCIDENTAL COLLEGE. IS 415 THE HIGHEST OFFER IN YOUR OPINION I CAN RECEIVE, AT LEAST WITHIN THE NEXT 6 TO 12 MONTHS?

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Answers

5
Chris
Contact me and I'll send you the latest market report for your area (I cover Eagle Rock, Highland Park, Mt. Washington, Glassell Park, and Atwater Village).

The report will provide you with a 12 month trend of market activity.

Keith
1 vote Thank Flag Link Mon Oct 13, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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I disagree with Jeffery and Irina. There's no way for us to know whether or not you should take the offer of $415,000 without understanding how your home has been marketed and if it has been marketed correctly. How did you come up with the price of $449,000? Being behind Occidental College tells me that you're in a pretty good area of Highland Park. It depends on the condition of the home, size of interior and lot and a very intensive look at the market analysis, past trends and anticipated trends over the next six months. You also need to understand which homes in the area are on the market now - who is your competition?

Are you working with a real estate professional? If not, hire one.

Feel free to click on the link below for real time real estate market report on Highland Park. That might help you in your decision.

Feel free to call if you'd like to discuss further.

Irina
0 votes Thank Flag Link Mon Oct 13, 2008
You really need to have a brokrs price oppinion that will show you what similar properties have sold for so you have something to base it on. If it is close take it and run if you need to sell.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Oct 13, 2008
I agree with Jeffrey. this is your highest offer? take it and run.
0 votes Thank Flag Link Mon Oct 13, 2008
Any offer at this point is great. One that close to asking is excellent! Go for it and get it sold. This market is SO TRICKY right now. If you let that buyer slip away you will not be a happy camper.
0 votes Thank Flag Link Mon Oct 13, 2008
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