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Some people feel like it’s not a good time to sell their house in Mammoth Lakes (or anywhere) right now because they’ve heard that prices are dropping, it’s taking longer to sell, and the number of home sales have drastically dropped.

That’s all true in many areas and price ranges, but it isn’t across the board. A lot depends upon your specific property, where it is located and the price range of the house you’re selling. Your specific house could also be immune to all of that if it’s nice enough, or unique enough for buyers to beat a path to your door in droves. (Caveat: almost every homeowner feels their house is better, and worth more than every other house around in any market, let alone a more competitive one. Try to be objective…)

The problem for some homeowners is they look at the market pessimistically, feeling like they missed their chance to get top dollar.

But even if the market is shifting in your area, and it’s taking longer to sell and prices are coming down, the odds are you still stand to make more money now than you could have a few years ago. In fact, you still have a better shot at getting your house sold in a reasonable amount of time and for a great price because other homeowners are hesitant to sell. Inventory is low and prices are still up significantly over where they were before the latest market frenzy (ask for a link to our latest Market Update so you can see the numbers for yourself).

However, if you want to capitalize on this and sell your house as quickly and for as much money as possible, here are three things you should keep in mind:

  • Appreciation. Normally when you hear that word in relation to real estate, it’s about how much house prices are going up. But in this case we’re talking about having appreciation for any buyers that make an offer on your house. With interest rates much higher than they were recently, and house prices still on the high end, a lot of buyers have taken a break from looking. Appreciate anyone who is still looking, especially if they choose to make an offer on your house.
  • Give in, don’t dig in. It’s common for sellers to dig their heels in on their asking price in any market, but even more so after recently seeing higher sales prices in the area. Now that the market is shifting, be willing to consider a price reduction if you’re not getting many showings or offers after being on the market for a couple of weeks.When you do get an offer and it’s lower than you’d like, don’t look at it like the buyer is “low-balling” you; they’re likely concerned about paying too much for a property. Be willing to negotiate with them, rather than getting offended and telling them to take a hike or not responding at all.
  • Don’t get upset if other houses are selling faster. It isn’t happening quite as often as it was a few months back, but some houses are still selling for over asking price within days. But it isn’t normal for virtually every house to sell that quickly or for over asking price. So don’t think something is wrong. Be patient and stay the course; your buyer will come along if your house is priced appropriately for the market.

The Takeaway:

Even though the market is shifting and some homeowners feel like it’s not a good time to sell, it’s actually a great time to sell. Prices are still historically high, even if they have dropped a bit in recent months, and there is still relatively low competition because other homeowners aren’t selling.

However, don’t dig in on your price based upon recent sales in your area. Be willing to negotiate. You need to appreciate the buyers who are active in this market, and be willing to work with them on coming to an agreeable price.

Follow Along on Instagram

There are a few different scenarios for homeowners that are struggling to make their mortgage payments or are “underwater” on their homes (and owe more than what it’s worth)—including short sales and foreclosures. While we don’t see many of either in Mammoth Lakes, this may be helpful for those outside the area.

Read More in my blog... Link in Bio...

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Make finding your flashlights easier in a power outage by wrapping glow in the dark tape around the handle. I love simple hacks!

Saved me on more than one occasion!

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Steps to The Village at Mammoth and Canyon Lodge gondola, this totally updated Westin Monache one-bedroom condo is ready for you to enjoy or start renting out today!
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#destinationmammoth #destinationrealestate #mammothmountain #monocounty #mammothhomes #monocountytourism #monocountyrealestate
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And you know what the A in Zillow stands for, right?!

#destinationmammoth #destinationrealestate #mammothmountain #monocounty #mammothhomes #monocountytourism #monocountyrealestate
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Here are a few reasons buyers should finally be feeling more optimistic. 🌟

Wondering if it’s the right time for you to buy a home? We’d be happy to talk through the specifics of your situation. Send us a DM today! 📲

#sonjasellsmammoth #destinationmammoth #mammothrealtor #mammothcabin #mammothcondo #mammothrealestate #bestagentinmammoth
#homebuyertips #homebuyer #firsttimehomebuyer #realestate #realestateagent
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The Mammoth Lakes Ice Rink is officially open! Come join in even more winter fun! Located near the Mammoth Lakes Library.

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Happy Thanksgiving From Beautiful Mammoth Lakes CA!

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Have you watched homes on your street sell for sky-high prices in the past few years?

It’s tempting to aim high when it comes time to sell your home—but proceed with caution.

The market is adapting to rising mortgage rates, and homes simply aren’t selling as fast. Unfortunately, the longer a home is listed, the more buyers’ concerns begin to grow.

Of course, you also don’t want to sell your home for less than it’s worth.

That’s why it’s important to work with a local market expert. We know the ins and outs of the local real estate market and what buyers are willing to pay today.

The good news? If you’ve been in your home for several years, you are likely to have a sizable amount of equity. That means you stand to make a tidy profit. 🤑

Get in touch for a free home value assessment to find out what your home could sell for in today’s market!

📲 760.914.4664
📧 [email protected]

#realestatetips #housingmarket #homeowner #homesellers #personalfinance #realestate #realestateagent #homesforsale #realestateinvesting #sellmyhouse #mammothrealestate #sonjasellsmammoth #mammothcabin #mammothlakesrealestate #mammothrealtor #destinationmammoth
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Mammoth Lakes - Best Ski Town!
Exciting news. Mammoth Lakes has been nominated for Best Ski Town in America in the USA Today 2022 10Best Readers’ Choice travel awards. But also, Clocktower Cellar has been nominated for Best Ski Bar!

#destinationmammoth #destinationrealestate #mammothmountain #monocounty #mammothhomes #monocountytourism #monocountyrealestate #bestskitown #bestskibar #bestskitownusa
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November Market Update!

Link in Bio...

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
#sonjasellsmammoth #mammothcondos #mammothrealestate
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While I am often accused of being an eternal optimist, there are some valid reasons for having a positive outlook on the current real estate market.

When you’re hearing news about home prices remaining high, and mortgage rates skyrocketing, you might wonder how a real estate agent can possibly claim it’s a great time to buy. Or, on the other hand, you read that sales prices are coming down and it’s taking longer to sell because rates have gone up, it may make you question how agents can claim that it’s a great time to sell.

You might feel like agents always seem to be constantly putting a positive spin on the current real estate market, and think they’re doing it out of self-interest. After all, they only make money if and when someone buys or sells a house, so of course they’d want people to feel like it’s always a great time to buy or sell real estate.

Link to full article in bio.
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"Sonja was so professional and wonderful to deal with. She stepped in when our original realtor bowed out after we drove 5 hours to look at real estate. She stepped in without a single hiccup and then stood by us as we negotiated the purchase price and was with us helping us get the mortgage. She was a full service realtor even doing things not normally done by a realtor. Highly recommend her."

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#sonjasellsmammoth #mammothcondos #mammothrealestate
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Curious about what they are building in town near The Stove restaurant?? A new recreation center is coming to Mammoth Lakes! For more check out my blog...

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Sonja is super excited to help her clients sell their St. Anton condo -- they are doing a 1031 exchange and will be buying in another state. The good news is they still own in Mammoth Lakes and will be around for years to come. A local full time resident is the new owner and will call this place home....just in time for the holidays! Thanks to Lauren Tracey and Sierra Escrow.

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How can you get the most money for your home in today’s market? 💰

The real estate market is cooling. But it’s still possible to score a great offer if you follow these tips:

🛠️ Make strategic repairs and improvements
🧹 Declutter and depersonalize
🛋️ Stage your home for success
🧽 Prep for each showing
💸 Price your home correctly from the start

Searching for more home seller strategies to maximize your sale price? Check out our blog post!

🔗 LINK IN BIO

#realestatetips #housingmarket #homeowner #homesellers #personalfinance #realestate #realestateagent #homesforsale #realestateinvesting #sellmyhouse #mammoth #mammothrealestate #mammothlakesrealestate #mammothcabin #mammothrealtor
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Mammoth Holiday Tip:
Morrison's is a great dinner option for the whole family. A fan favorite is the Barrumundi.

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OPEN HOUSE!
895 Canyon Blvd #34
Mammoth Lakes, CA 93546

Stop by and check out this condo right next door to Canyon Lodge!
Saturday, November 19
2 PM - 5:30 PM
Hosted by Destination Real Estate REALTOR® Danielle Bauman

Link in bio...

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Save your empty toilet paper rolls and dryer lint for DIY fire starters. Just stuff the tubes with the lint and you've got free kindling for your grill, campfire, or fireplace.

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Check out my latest newsletter for all the Mammoth Lakes real estate updates and information!

Link in bio...

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