Busy market!

The Sanborn Team had a sale yesterday. A probate property in Monterey Park, California, generated eight offers and had overbids prior to the court hearing. That's good news in a sluggish marketplace!

We will soon be putting a five-unit building on the market. It's in the Pico/Doheny area of Los Angeles and will be priced at $799,000. All of the units are one bedroom. More on that soon.

Meanwhile, if you have questions about the sale of real property through probate, trust or conservatorship, call Nancy Sanborn at 310-777-2858.

Going to sell the house?

We are always asked "should we wait to put the house on the market"
We thought that you might find this an interesting article to read.
Going to sell the house? Don't wait for 'spring' in February - latimes.com

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We are always happy to discuss with you the timing for putting a house on the market.
Please feel free to contact us at infor@sanbornteam.com or call us at 310-777-2858

The Value of Home Ownership - Chris Ayres Nails It!

We Love this Article!

In his Sunday Opinion piece in the August 17, 2008 Los Angeles Times, "Loving your house again," Chris Ayres explains why recent home buyers should be thrilled with their purchase. Not only do they have a roof over their heads, but in spite of the 'doom and gloom about a tanking market,' their investment is getting more valuable! He nails it -- with great good humor.

The article resonates for The Sanborn Team because it reflects our philosophy: buy the home you love and hang onto it. History shows us again and again that you'll have a ring-side seat during the financial circus and, at least in the Southern California market, with modest maintenance your home is almost certain to increase in value.

To read Chris Ayres' article, go to http://www.latimes.com/news/opinion/sunday/commentary/la-oe-ayres17-2008aug17,0,1698378.story

If you're wondering how your home measures up in today's market, or to talk about your real estate needs, concerns or goals, give The Sanborn Team a call at 310-777-2858.

Warren Buffet's Real Estate Guru

So where is the market turning... going... or spinning??

Our company, Prudential California Realty, is an affiliate of Berkshire Hathaway. You may not know the name, but our company is owned by HomeServices of America - the second largest residential real estate brokerage in the country.

Click on this link to see what the head of our company, Ron Peltier, says about the Real Estate Market.

http://www.cnbc.com/id/15840232?video=492550817

Let us know what you think!

We're Getting Multiple Offers on Our Listings. How do we do it?

So why is The Sanborn Team still getting multiple offers on their properties? Since they are probate sales, most of our properties tend to be fixers with years of deferred maintenance. Although some people think that the market is crashing and burning and all buyers and investors are running to the hills, we are still getting more than ever for our listings. So the question is: what does The Sanborn Team do that’s different from other agents?

The most important component to selling a home is price. PRICE! It’s about pricing the property so it creates its own market. We want the buyers to be Bees and have them swarm our properties. Our strategy has worked and here are some recent examples:

A property in San Gabriel was listed just below market and we obtained 18 offers just after 10 days and sold the property for $100,000 over asking. Although we did expect to get about $25,000 more than we listed it for, $100,000 was a shock. Apparently buyers and investors see the potential in this house and we were able to create enough Buzzing that we got more than we ever expected

A property located in Hacienda Heights received 7 offers after being on the market for 10 days. Why? We priced it low enough to get the buyers to buzz around and we sold it for over asking.

So it seems if you put out a nicely priced hive you’ll get buyers buzzing like crazy.

If you are having trouble selling your property, call us today and we'll make it happen!

310-777-2858. http://www.sanbornteam.com/