Get Ready for Big Bidding Wars This Spring

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 05, 2013

With tighter inventories of homes for sale, buyers are finding increased competition through bidding wars. But the bidding may not be between only one or two other buyers -- more bidding wars are popping up where dozens or even hundreds of other buyers are all competing for the same property. 

"The only question is not whether a new listing will get multiple bids but how many it will get," Kris Vogt, who manages Coldwell Banker offices in the Sacramento area, told CNNMoney.

For example, a home in Elk Grove, Calif., reportedly received 62 separate bids, with the final sales price more than $150,000 above its $129,000 asking price. In Cambridge,…

$2,350,000 480 Cress Street Laguna Beach, CA 3 br, 4.00 ba, 2100 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…

To whom may be considering Team Laguna

I have lived in Laguna Beach since 1998. I currently own four homes in the city, the two most recent were purchased while being represented by Danielle Purcell of Team Laguna. Danielle has been placing her clients in my rental properties for the last 10 years. She always gets the tenant and they have worked out to be satisfactory long term relationships. She has been a valued source of both tenants and tradesman to maintain theses properties. She keeps in contact with me.

A year ago she showed me two houses on one lot with an ocean view. I generally don't make quick decisions on rental property but Danielle convinced me that this property with a recent $200,000 price reduction and would not be on the market…

$1,399,000 2626 Glenneyre Street Laguna Beach, CA 2 br, 3.00 ba, 1600 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…

REALTORS® Must Properly Handle Pocket Listings

C.A.R. has heard numerous reports about properties being sold as pocket listings without cooperating with buyers' agents. This practice, if not handled properly, may expose the listing office and agent to unnecessary liability and other serious consequences.

An off-MLS or pocket listing is generally a listing agreement that the listing broker does not disseminate in the local Multiple Listing Service (MLS) to which he or she is a broker participant. This practice may run afoul of the MLS Rules which generally requires a broker participant to submit to the MLS all listings for one-to-four residential units and vacant lots located in the MLS service area (Model Rule 7.5).

For a listing agent to arrange…

$8,750,000 1007 Gaviota Drive Laguna Beach, CA 5 br, 5.00 ba, 2508 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…

$6,900,000 1255 Pacific Ave Laguna Beach, CA 5 br, 6.00 ba, 9500 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…

$2,486,000 1325 Pitcairn Place Laguna Beach, CA 5 br, 4.00 ba, 3600 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…

$999,995 4 Blue Lagoon Laguna Beach, CA 2 br, 2.00 ba, 1500 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages…

$2,486,000 1325 Pitcairn Place Laguna Beach, CA 5 br, 4.00 ba, 3600 ft²   Residential Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square…