Have you recently wondered what your San Mateo Coast home is really worth? A trend across the Real Estate board is downsizing. Many people are re-evaluating their current living situation and wondering if a smaller, more affordable home would be a better choice. There are many things to take into consideration when approaching the decision to sell. Price is a large proponent of selling and there are ways to determine a reasonable selling price for your home.
- Solds: Research homes that have recently sold in your area that are similar to yours. Seeing what other properties are selling for will give you a good idea of your homes’ value.
- Expireds: Many listings are put on the market at the top asking price or even overpriced. You will see that these homes will sit on the market and will eventually expire as there are not buyers willing to pay the asking price. Looking at these listings will give you an idea of what buyers are willing or not willing to spend.
- Currents: How does your property compare with current homes on the market? It’s a buyers market so they, in effect, determine the value of your home.
- Value Boosters: These include any maintenance or improvements that will boost the value of your home. Keep an open mind to change as buyers preferences may not be your preferences. These changes to your home can change a buyers’ mind.
As there are many factors that play into a home’s value, determining what your home is worth can be tricky. If you are starting to look into selling your home and have questions, we’d love to help! We can give you the most up to date information on the San Mateo Coast market and will assist you from the beginning to the end of the home selling process. We look forward to hearing from you!
Kathy & Michael Rain
Your San Mateo Coastal Real Estate Experts
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