Folks, if you haven’t noticed, the real estate market has changed, even here in Los Angeles. If anyone is aware of the changes, it is the real estate agents who deal with it day in and day out. The agents are out there working with both buyers and sellers, seeing the inventory, seeing what is selling and seeing what is sitting on the market unsold.
And more than that, they are in the position of getting feedback from buyers and agents that are looking at their listings. A responsible agent will in turn get this information back to the sellers so they are aware of what is happening with their property and how well it is being received. He will also provide the sellers with recommendations of what they can do to have their property stand out among that competition and have it become a sold property rather than one that just lingers on the listings and is used to sell the neighbor’s homes.
While on a home staging consultation this weekend, I was with just such an agent who had a client whose home has been on the market that has not sold. It has been getting showings, no offers, and the feedback has been that the property is dated and does not show well. The agent recommended staging the property and the homeowners were immediately on board for the home staging. But when it went beyond the staging and into updating the paint colors, replacing dated light fixtures and the discussion of possibly painting kitchen cupboards and updating their hardware, there was some serious resistance and even accusations that the agent just wanted an easy sale.
Agent just wanted an easy sale? My heart went out to both the sellers and the agent. These sellers were obviously not aware of current market conditions. The agent let them know that it wasn’t an easy sale for him he was looking for, but a closed sale for them. The market is different now than it was a year ago and far different than two years ago.
In the big picture, paint, carpet, hardware, staging, these things are inexpensive. Price reductions are far more costly. Properly preparing your home, having it look its best and staging it to show well along with proper pricing (at the beginning of the listing) and effective marketing will give you the best advantage to get it sold quickly and at the best price, in any market.
If you are lucky enough to have an agent that provides you with information on what you can to do to get your home to stand out among the competition for relatively low cost in order to get your home sold fast and to “make his job easier”, then you’ve hired the right agent. After all, having a quick sale at the price you desire and a smooth close of Escrow is what it’s all about, right?



