Nearly one-third of home sales are to cash buyers, who often command a significant discount off list price. In turn, the seller gets a quicker closing. As home sales increase and inventory shrinks, we’re continuing to experience a decline in median home prices in many cities.
One reason for that, according to the new Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, is the influence of investors who are paying cash for homes. Those cash sales are driving down prices.
Here at Windermere, we expect our agents to go the extra mile and do whatever possible to make sure their client is happy. Windermere agent, Mark Palmer did exactly that. To showcase Mark’s dedication and professionalism, here is a testimonial from his client Adam Jones:
Just wanted to give a shout-out to our AMAZING escrow officer, Carolyn Curdo. We received an email from Wholesale Capital Corporation stating that a specific deal she was working on would have been a nightmare if they didn’t have someone of Carolyn’s caliber handling the escrow and how fabulous she has been throughout the process.
Thanks for all your hard work Carolyn! You are very much appreciated
Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year.
Still, sales remain depressed and ended 2011 well below healthy levels.
The National Association of Realtors said Friday that sales increased 5 percent last month to a seasonally adjusted annual rate of 4.61 million, the best level since January 2011 and the third straight monthly increase.
Windermere agent May Chu has just listed a prime location 2 bedroom, 2 bath home in the city of Monterey Park. This multi-level end unit is listed at $339,800, has great curb appeal and is well maintained. It is the first time on the market and listed by the original owner.
The home is in turnkey condition and includes brand new granite counter tops, kitchen cabinets, bathrooms, interior painting and wood floors. The open floor plan allows for bright and airy spaces and includes an attached 2 car garage. Great for commuters being that it is close to the 10, 60 and 710 freeways. It is also close to downtown LA and part of the Alhambra School District. Very convenient. Ready to move-in. This is a must see!