SMART MOVES
How Sellers Can Be Ready in a Hot Housing Market
Lower inventory and higher prices keep home buyers and sellers on their toes--and sometimes awake at night.
They were a retired couple in their 70s with a ranch-style stucco
house in Covina.
They wanted to sell and knew it was a fast-moving market. Yet they
were stunned when a full-price offer materialized a few hours after the
house was put up for sale.
They accepted the bid but soon panicked. They had expected more time
to plan. Instead, they were faced with leaving their cherished home much
sooner than expected. When the moving van arrived, they were stressed,
unprepared and behind schedule.
"For nearly an entire day, I just sat there waiting for them to move.
There was no possible way to bring furniture into the house until they
left," recalls Monte Helme, who bought the house.
If you're planning to leave a neighborhood where houses are selling
quickly, you should be ready to accept a bid as soon as your house is
posted on the multiple listing service, said Helme, co-owner of Creative
Resources, a north San Diego County company providing content for real
estate Web sites.
"In a hot market, you have to have a plan for where you're going to go
before you sell," said Helme.
The traditional advice to sellers is to postpone shopping until they
house in Covina.
They wanted to sell and knew it was a fast-moving market. Yet they
were stunned when a full-price offer materialized a few hours after the
house was put up for sale.
They accepted the bid but soon panicked. They had expected more time
to plan. Instead, they were faced with leaving their cherished home much
sooner than expected. When the moving van arrived, they were stressed,
unprepared and behind schedule.
"For nearly an entire day, I just sat there waiting for them to move.
There was no possible way to bring furniture into the house until they
left," recalls Monte Helme, who bought the house.
If you're planning to leave a neighborhood where houses are selling
quickly, you should be ready to accept a bid as soon as your house is
posted on the multiple listing service, said Helme, co-owner of Creative
Resources, a north San Diego County company providing content for real
estate Web sites.
"In a hot market, you have to have a plan for where you're going to go
before you sell," said Helme.
The traditional advice to sellers is to postpone shopping until they
- Single Page
- |
- 1
- |
- 2
- |
- 3
- |
- 4
- |
- Next »
Here are the states AAA found to be the cheapest vacation spots for 2008. 10 most expensive states
Patients are rating doctors online, but can consumers simply rate an M.D. like they'd review an HDTV?
- |
- |
- Text
- |
- Single Page
- |
ADVERTISEMENT
Caesars Palace is all aglitter with the star and her 17-piece wardrobe. Cher through the years | The costumes
