California RE Appraiser and Broker
Known for long term RE predictions and advice through all Market Cycles.
The Preferred appraiser for Palm Springs and all the Desert Resort Cities of the Coachella Valley, California.
There is a side problem with blogging - be sure the comments you want to make won't come back to haunt you later. I for one have been blogging for years and trying to help people understand the market trends -and happened to be three years ahead of the game - with forecasts of what happened and is happening now. Internet people who are considering you as a broker, appraiser or whatever, NOW, THEY GOOGLE YOU. If they don't like the fact you were ahead of the game and knew what some of them were up to so far back - it can hurt. "Nuf Sed" Barry Noble www.MyPropertyIsWorth.com Palm Springs and California the Desert Resort Cities Certified Residential Appraiser & Broker
re-listing, if you mean, to make it appear to be a new listing after multi-months on the market, cannot fool the reader, at least in the Southern California Desert resort cities around Palm Springs, because the property history is right there for anyone to see with one click - and multiple relists by the same agent just glares out at any astute viewer. I assume most MLS sysems have this feature. The available history shows every change - whether its a rise or lowering of the price, any potential offers, cancellations or temporary removals from the market for the past few years. Those that have been listed on and off for a number of years become good examples of whre the market has been and its obvious recent market changes. As a broker who's primarily a Certified Residential Appraiser - I use the MLS property histories to partially support neighborhood trends as well. www/MyPropertyIsWorth.com
Honesty and clarity is necessary for real estate transactions or we will never get out of the mess to which the sub-prime loans have dragged us down. The probability is great that a property listed for months in the MLS is being listed well above the then current market value for the neighborhood or type of property. It behooves the seller to understand the market, find out what the listing appraisal value is and offer it in that range - or sit for another 6 months. That's why sensible sellers get a listing appraisal, and understand if the Market Cycle is still in a decline, that value will continue to drop - so the more competitive the listing the price - the faster the chance to sell it. Hiding the days on the market won't sell a property that is a year higher than its Current Market Value in a declining Market cycle. Sorry. Get a listing appraisal, get it sold and get on with your life, and the best of luck for all of it.
