www.BrianMaser.com - Santa Monica, Venice and Marina del Rey condo sales update

I am proud to announce the launch of www.BrianMaser.com. Not only will this site give potential clients a way to learn about me and how I present my listings for sellers, it provides condo owners, potential sellers and buyers with a smart market update for condos West of Lincoln (from Santa Monica, Venice and Marina del Rey) AND all condo of Santa Monica (from Wilshire to Montana / from Ocean to 26th).

Determining value for a condo is can be a very easy process, especially in areas with high demand and transactions closing each month. The key item is to focus on the average price per SQFT sold in the last month or so around your unit. Once you have that figure you must then factor is size of your unit, updates compared to those sold, amenities of your building, HOA dues and what you get for those dues, condition of your complex (including financials), etc. Once you have those items lined up, then you can determine what value a buyer would most likely pay for your units (compared to those that recently sold OR are currently on the market. If other sellers are getting more price aggressive around you, then you may have to reduce your value or make other plans..

Remember, buyers, agents and banks all have the same data now. Fact do not lie... Stick with the facts and you will have your answers.

Also, keep a close eye on interest rates. We are a very interest rate driven market. Once rates go up in a down market, expect values to fall fast. If incomes are not rising, but the cost of the loans go up, how do you expect buyers to afford the same prices.

If you need to sell now, do not wait for the Feds to pull out of the market. Be smart, sell smart.


Got to www.BrianMaser.com and see for yourself.