Archive for the ‘Open Houses in Lake Arrowhead’ Category
Lake Arrowhead, CA Real Estate Market Conditions
| 7-day stats for Single Family properties in LAKE ARROWHEAD, CA92352 as of April 1, 2011 |
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|---|---|---|---|
| Median List Price | $406,450 | Average List Price | $840,378 |
| Total Inventory | 286 | Price per Square Foot | $174 |
| Average Home Size | 2,319 | Median Lot Size | 10,000 |
| Average # Beds | 3.76 | Average # Baths | 3.59 |
| Homes Absorbed | 3 | Newly Listed | 9 |
| Days on Market | 213 | Average Age | 34 |
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Median Price for homes in LAKE ARROWHEAD, CA 92352 as of April 1, 2011 is $406,450 |
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Inventory for homes in LAKE ARROWHEAD, CA 92352 as of April 1, 2011 is 286 |
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Median MAI for homes in LAKE ARROWHEAD, CA 92352 as of April 1, 2011 is 0.47 |
Sellers: How to React to a LOW BALL Offer
Dear Seller:
We (Realtors) know how frustrating it is when you get a LOW BALL offer on your home. After all, it’s a wonderful home. You’ve raised
your kids here. You KNOW it’s priced right. AND you can’t afford to take less; you have your blood, sweat and tears in this place. SO, when you get one of those nasty, ridiculous offers, your first instinct is to be ^*#@%& off….justifiably so.
“Tell that Realtor to tell his client …blah, blah, blah with his offer…” You may blurt out.
Instead, you need to take a deep breath. Take a walk. Take a chill-pill. More importantly, you need to let the offer simmer. Let the buyer wait until (almost) the expiration period he/she has given you, expires. Almost, but not until it actually runs out. This lets the buyer know you may not be as desperate as he may think you are. Because, desperation only reaps desperate responses.
The market stinks right now, for sellers. It REALLY is a buyer’s market. But even the buyers aren’t jumping allover all the great deals they have at their disposable. They’re VERY cautious. So, before you blow off that low ball offer, give it some consideration! Work with your Realtor to come up with a “reasonable” counter.”
There’s an old saying in the Real Estate World; YOUR FIRST OFFER MAY BE YOUR BEST OFFER



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