With over 6 months of inventory on the market, selling your home has been as difficult as it was in the 90's. Many home owners are still trying to cut ends by putting their home "for sale by owner" aka FSBO.
FSBO's have always been known as being the best deals by buyer's because buyers feel that they are going to score a killer deal. To most people's surprise, FSBO's are actually way over priced! This is due to the fact that FSBO's think that they know the market and feel that they can get more for their home than listing with a Pasadena Real Estate Agent. Over 90% of FSBO's typically list with a professional listing agent. Now what does that tell you? Seller's are not seller's if they don't have the tools and resources that a real estate professional has.
BUYER'S OF FSBO'S BEWARE.....
Since FSBO's do not want a professional real estate agent involved, you have to trust that you are purchasing this home from an individual who has your best interest in mind. Have you ever seen a real estate purchase contract? California's contract is the most complex of any state in the US. Furthermore, your deposit can be at jeopardy if you default in the purchase. The answer is simple if buying a FSBO, hire a Pasadena real estate agent who knows the market. Most seller's will pay the buyer's agents commission. If they don't, be suspicious of what they are trying to hide since they don't want a professional involved in the purchase.
To get an idea of the process involved in selling a Pasadena Home, visit http://www.soldbyramiro.com/ and go to the seller section. Here you will find many of the steps involved in the process of selling a home.
Considering there is a rise in Pasadena Short Sales and Pasadena REO's, it is important to be competitive with the list price of the home. Homes that sell are ones that are comparable to homes currently on the market. Although appraiser's use value based from six months prior, we are in a declining market with inventory that is changing daily. Thankfully, Pasadena Real Estate has not been affected as it has in other markets. This is mainly attributed to the city of Pasadena's strength in preserving it's architecture, night life, fabulous dining, many shopping districts, and the list goes on....
