I put a beautiful new listing on the market last Thursday, March 25th.  We received an offer for over the asking price of $859,000 the next evening, and had a ratified contract by Saturday.  Whew!  I haven’t seen a listing in that price range sell that quickly in a long time.  It just reinforced what I had told my sellers, this is a GREAT time to put your home on the market!  Inventory is extremely low right now and there are plenty of buyers out there looking and wanting to take advantage of the low interest rates and buyer tax incentives.

This is a five bedroom, three full bathroom home with 3176 square feet living area.  The lot size is 12,196 square feet with the majority of the square footage in the backyard since this is a cul-de-sac lot.  The home was built in 1988 and has many charming features.

1755 Ringel Court, Morgan Hill real estate     1755 Ringel Court, Morgan Hill real estate    1755 Ringel Court, Morgan Hill real estate

The home is pristine and well-cared for.  With a large, park-like backyard this home offers a wonderful, private area for entertaining.  The pool and spa are enhanced with the rock waterfall.  There is a corner of the yard for growing vegetables and many fruit trees as well as other flowering trees and redwoods.

1755 Ringel Court, Morgan Hill real estate    1755 Ringel Court, Morgan Hill real estate     1755 Ringel Court, Morgan Hill real estate     1755 Ringel Court, Morgan Hill real estate

The remodeled kitchen features slab granite, custom cabinetry, stainless appliances, a wet bar with a wine refrigerator and large tile flooring throughout the kitchen and adjoining family room.  The huge master suite has a large sitting area and walk-in closet.  There are a total of five bedrooms and one bedroom is on the ground floor with a nearby full bathroom.

This light and airy home shows extremely well and so buyers were quick to place their offer on it.  Another example of a well-cared for home, priced at market value, receiving what these sellers were hoping for: a quick, above asking price offer!

To see a virtual tour of this property, click on this link:  http://www.3cim.com/3cim/tour.do?method=viewTour&id=1269276194078&view=3



What is Your Home Worth?

Date: Wednesday June 18, 2008
Posted in: Sellers, price, real estate, listings, housing market, pricing

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The seller sets the price of the home but ultimately the buyer determines the value. My job is to supply you, the seller, with facts about what has sold recently and what is for sale now. This information will help you make a  decision on pricing your home. There are five essential ingredients that comprise the formula for a successful sale of your home:

The consequences of improper pricing are painful.  Too low and you literally give away money that should have been in your pocket.  Too high and your home will sit unsold for months, developing a reputation of a problem property.

Remember:

What does determine the value of your property?  The value of your property is determined by what a qualified, informed, ready, willing and able buyer will pay for it.

Benefits of Proper Pricing