Home Sellers Need to Be Careful About List Pricing

Home selling strategy

Home selling markets at Orange County CA real estate continue to be hot and need more sellers and for sale listings.

Sellers have the advantage during this time.

However, fundamental advice to home sellers is still “PRICE YOUR HOME TO SELL” – and stay away from temptation to go for a too-high vanity price.

Price Your Home to Sell

Recent home price appreciation news at Orange County has homeowners excited, and some are testing the waters with ridiculous higher asking prices.

Home sellers should be careful and price their homes to sell and not just list for high price bragging rights. Owners should look at most recent comparable sales on their streets, in their neighborhoods, and local village communities and cities, and determine fair market value accordingly.

Home market price should be determined by the most recent comparable sales and pending sales and listed at or near expected fair market value.

Home selling guide

Orange County now has 3,407 homes listed for sale – with 2,893 pendings during the past 30 days – and average market time to sell all homes now on the market at 1.18 months (as of April 13, 2013).

Orange County now has average for homes for sale list price of about $1.6 million – and average homes sold price of about $500,000. That’s too much of a spread – and shows that some OC homeowners are listing way too high.

Owner/sellers should use their real market advantage to list and sell at highest possible market value price. They should always look at history of market sold prices during the past three months, and list their homes to actually sell, while avoiding the hassle of having their homes on the market too long – or not selling at all because of the too-high pricing.

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Source of some information is Steven Thomas and his ReportsOnHousing.com.

People ask us about listing and sale of Newport Beach CA homes and real estate. ~Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Contact us about selling your home

Contact us for information on strategy to list and sell your Orange County CA real estate.

About Harrison K. Long

Professional real estate representative, Realtor, real estate broker associated with Evergreen Realty HomeSmart, at Orange County, California - CALBRE #01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - and people with their best decisions about homes and real estate - Orange County Association of REALTORs, member and prior service on its board of directors. California Association of Realtors, member now serving on its board of directors. National Association of Realtors, member. Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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