{"id":10278,"date":"2021-04-21T17:32:40","date_gmt":"2021-04-21T17:32:40","guid":{"rendered":"https:\/\/nancyvalentine.com\/?p=10278"},"modified":"2021-10-25T09:48:42","modified_gmt":"2021-10-25T09:48:42","slug":"weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate","status":"publish","type":"post","link":"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/","title":{"rendered":"We&#8217;ve all heard the news: prices are escalating at an incredible rate"},"content":{"rendered":"<p>4429 Trancas Place, Tarzana closed. List price $ 1,500,000 Closed $ 1,725,000. That&#8217;s 15% above the list price!\u00a0 So why would buyers bid so high above the comparables? It&#8217;s the psychology of real estate: people want what other people want. When it is about winning and beating out the competition, the price is just a number.<\/p>\n<p>Since closing, I&#8217;ve had no less than four appraisers call me to verify this price as it is &#8220;out of line&#8221; (meaning much higher than similar homes) for this neighborhood. They are trying to find a reason so that they don&#8217;t have to use it when appraising other homes!! It&#8217;s important to be able to articulate the value of a specific home. That means pointing out the differences in DETAIL to the buyers and their agents during the bidding process as well as to the appraisers. What makes this home special and unique. Even when buyers have removed an appraisal contingency with their offer, they still want to know that they got a good deal. So psychologically an appraisal\u00a0is an important milestone in the process.\u00a0 Psychology is an important component in real estate.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.4429trancas.com\/\" target=\"_blank\" rel=\"noopener\"><strong>View Property Website<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>4429 Trancas Place, Tarzana closed. List price $ 1,500,000 Closed $ 1,725,000. That&#8217;s 15% above the list price!\u00a0 So why would buyers bid so high above the comparables? It&#8217;s the psychology of real estate: people want what other people want. When it is about winning and beating out the competition, the price is just a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":10242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>We&#039;ve all heard the news: prices are escalating at an incredible rate - NANCY VALENTINE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We&#039;ve all heard the news: prices are escalating at an incredible rate - NANCY VALENTINE\" \/>\n<meta property=\"og:description\" content=\"4429 Trancas Place, Tarzana closed. List price $ 1,500,000 Closed $ 1,725,000. That&#8217;s 15% above the list price!\u00a0 So why would buyers bid so high above the comparables? It&#8217;s the psychology of real estate: people want what other people want. When it is about winning and beating out the competition, the price is just a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\" \/>\n<meta property=\"og:site_name\" content=\"NANCY VALENTINE\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Nancy-Valentine-Deasy-Penner-Podley-269324709814044\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-21T17:32:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-25T09:48:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nancyvalentine.com\/wp-content\/uploads\/2021\/03\/4429_trancas_pl._high_res_001.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andrew Carbajal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andrew Carbajal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\"},\"author\":{\"name\":\"Andrew Carbajal\",\"@id\":\"https:\/\/nancyvalentine.com\/#\/schema\/person\/e45a62dd215ea637e02388e400aedc03\"},\"headline\":\"We&#8217;ve all heard the news: prices are escalating at an incredible rate\",\"datePublished\":\"2021-04-21T17:32:40+00:00\",\"dateModified\":\"2021-10-25T09:48:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/nancyvalentine.com\/#\/schema\/person\/4ad9ec891a934035c8f6a1b48760ad19\"},\"image\":{\"@id\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nancyvalentine.com\/wp-content\/uploads\/2021\/03\/4429_trancas_pl._high_res_001.jpeg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\",\"url\":\"https:\/\/nancyvalentine.com\/weve-all-heard-the-news-prices-are-escalating-at-an-incredible-rate\/\",\"name\":\"We've all heard the news: prices are escalating at an incredible rate - 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