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Beyond the Minute Episode 20: PRICE REDUCTIONS!?

Hosted by Dan Gilmartin & Timothy D. Gilmartin


The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up this week to 283 which is a new 2019 peak! Although the peak last year was 344 we are inching to more and more inventory as the year goes on. We had 25 price reductions, what does that mean about the market does that indicate the market flattening? Dan and Tim think no, however could show the market is “normalizing.” If Sellers are marketing their home with the right price, and the right agency it should be selling, they fell in love with the “hot” market place where they have to pivot to understand that the buyers are smart and being off even by 5% makes a huge difference. You cannot price the home at what we think the value is at, but rather below value because buyers expect to offer over. Dan and Tim also pull the curtain back to show if we have priced a home wrong where are we off and how do we correct? They also dive deeper as to what is their logic behind winning in a multiple offer situation on buyer side… tune in to learn some secrets and strategy.

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