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The Value of Pricing Your Home Right!

You’re all set and ready to go. The house is in show-ready condition. All the touch-ups have been made, the furniture is all staged, the house hasn’t ever looked better. It looks so good you are actually contemplating if you actually want to sell it, haha. Now it’s time to price it and put it on the market.  What is your home worth and how do you get the best price? First step in this process is to determine what the fair market value of your home is. Take a look at what has recently sold in the past 3 months in your neighborhood. Find the homes that have sold that are most similar to yours. Are they a single family, multi-family, condo or townhouse? Make sure they are similar in size; square footage, bedroom count and bathroom count. Try to match as many features as possible; garage, pool, AC,

Mike January 6, 2023

Market Update: November 2021

  What are the current market conditions, where is it heading, and what to expect as a seller and/or buyer? Since March 2020, the inventory here in San Diego has been cut in half and has not returned. Most of us were waiting to see this number bounce back in the past 20 months, but that has not happened and all signs point to it staying low. With shortage of homes on the market and buyers taking advantage of low interest rates we have a perfect example of simple economics; Supply and Demand. This past month of October San Diego County had just over 3,100 homes sell. As of today, we only have roughly 2,300 homes for sale. Those two numbers alone can give you an idea of what is happening in the market.  Prices are climbing due to the competition among buyers and this trend will continue until we see

Mike November 12, 2021

Thinking About Selling or Buying a Home?

Here are some essential tips for sellers and aspiring home buyers. Make sure you also lean into your trusted real estate professional for additional insight and guidance. SMART STRATEGIES FOR SELLERS   Putting a home up for sale can be stressful, and some owners have a hard time making objective decisions when it matters most. Homeowners consistently overestimate the market value of their homes by 5 to 10 percent. PRICE IT RIGHT Your listing agent will perform a current market analysis. Look closely at the sales of similar homes that have closed in the last 90 days and take the number of available listings into account when agreeing to an asking price. KEEPINMIND • Homes that have failed to attract a buyer in a reasonable period of time may be overpriced. • Foreclosures or short sales in your neighborhood can impact your home’s market value. • It doesn’t pay to set

Mike October 28, 2021

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Mike Myers

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