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May 20, 2012

Don’t Buy a Beverly Hills Home the Way You Buy a Stock

by terresteinbeck RODEO REALTY

You’ve analyzed, surveyed, dug up and devoured every report in the known universe. You’ve timed the moment down to the precise nanosecond. You know the very instant the price will touch bottom. And you’ll be ready to pounce on the Real Estate deal of the century.

WRONG! Take it from this seasoned wheeler-dealer. Buying a home is NOT like buying a stock. Unlike jumping on choice equities at that ‘golden moment’, purchasing a piece of Beverly Hills real estate is a lateral move. There are no opening bells, no fevered rushes for IPO’s, no computer generated moves. Things just don’t roll that way in the world of real estate.

But roll they do. And people, real estate prices are rolling northward — especially in key markets throughout Southern California. So stop waiting for the Los Angeles real estate market to hit bottom. That ship has sailed. Have a look at current prices. Then compare them to last year’s. See the difference?

Still, there are legions of you defiant holdouts waiting for your inspiring buy moment so you can lowball your way into a juicy deal. These are the people who’ve turned real estate buying into a game of personal triumph. Unfortunately, it’s a game anyone now on the playing field will lose. Houses are routinely generating multiple offers in a steadily rising market. I know. I’m out there in the trenches. I see it every day. Like it or not, the real winners will be savvy buyers who jump in before the prices climb any further.

The good news is, there’s still time to grab a great deal. If you’d like to learn how to get the most out of the current Beverly Hills real estate market, contact me today. I’ll be delighted to schedule a complimentary consultation.

Terre Steinbeck

Office (310) 724-7100
Cell (310) 666-4094

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