Maybe yes- but for sure the Seller has greatly improved their standing- even since November 2011. Maybe not exactly “bidding wars”- but multiple offers have again become commonplace in neighborhoods from Hancock Park to Malibu in all price ranges.
Housing affordability is at an all-time high-due to prolonged all-time low interest rates. There are qualified Buyers out there- and they are all complaining about lack of inventory.
So : stop waiting on the sidelines-
get rid of all that junk-
throw on a new coat of paint- and CASH IN!