Understanding Market Values – How to Price your Home

July 7th, 2015

One of the biggest mistakes people make when selling their property is not understanding real estate value. It doesn’t matter what you think your Downtown San Diego home is worth. The value is determined by buyers. What you enjoyed about your home is irrelevant when it’s time to sell. Use some of the following tips to get started.

  1. Know the Downtown San Diego market. Find out what other similar properties have sold for.
  2. Decide on your minimum price. Be willing to work with any buyers who make an offer above it.
  3. Clean and fix the most visible items first. If buyers fall in love with the house as soon as they enter it, they’ll forgive many minor issues.
  4. If you or your agent aren’t getting many calls, find out why. Is more advertising necessary or is the price too high? Drop it fast if the price is the problem. Be careful not to chase the market down with a series of insignificant price drops.
  5. Listen to comments of prospects. If you hear several times a room is dark, white paint is an easy solution.
  6. If there are any known problems, such as a leaky faucet, get an estimate for repairs. The buyer wants to move into a place that is worry free.
  7. Do any improvements that can realistically get you at least a two-to-one return on investment.

Not sure where to start? Call the Neuman & Neuman Team to receive a customized strategy for selling your Downtown San Diego home at 800-221-2210.

The Latest Headlines

Atria San Diego Market Updates

Atria – Market Updates Atria condos are located at 101 Market and encompass the entire city block bounded by First & Second Avenues and Market & Island. Atria is conveniently located in......

read more

Money making upgrades for San Diego Condo Owners

The warm and sunny seasons of spring and summer are still months away but owners of San Diego condos are already starting to come up with ideas in making sure that their......

read more

Downtown San Diego December 2014 Events

Legoland Snowdays Dec. 1 – 31 Come build Holiday memories during the month of December at LEGOLAND California Resort. Play in real snow, build snowmen and throw snowballs at LEGO targets. See......

read more

Breeza San Diego Market Updates

Breeza – Market Updates Breeza Condos are in a prime location, well situated in the heart of Little Italy. April 2015 Breeza Market Update View the Breeza Market Update February 2015 Breeza......

read more

Bella Via San Diego Market Updates

Bella Via – Market Updates Bella Via is a 42-unit, 6-story condominium project located at the corner of India and Cedar Streets in the heart of Little Italy. Completed in 2004, Bella......

read more

Discovery San Diego Market Updates

Discovery – Market Updates Discovery is located on Beech Street between Eighth and Ninth Avenues. One block from the former El Cortez Hotel, this community was architecturally designed to compliment the historic......

read more

Interior Improvements for your Downtown San Diego Condo

These days it is simply not enough to just throw your Downtown San Diego Condo onto the local real estate market and hope for the best. Agreed, sometimes this does work, but......

read more

Downtown San Diego July 2014 Events

San Diego County Fair Through July 6 The Fab Fair is celebrating the 50th anniversary of The Beatles’ first visit to the United States, sparking the British Invasion in music and pop......

read more

Laurel Bay San Diego Market Updates

Laurel Bay – Market Updates March 2015 Laurel Bay Market Update View the Laurel Bay Market Update January 15 Laurel Bay Market Update View the Laurel Bay Market Update November 2014 Laurel......

read more

Gaslamp Quarter San Diego Market Updates

Gaslamp Quarter – Market Updates Well known as the heart of downtown San Diego nightlife, the Gaslamp Quarter is comprised of a plethora of retail shops, upscale bars and taverns, business offices......

read more

Get Listings and Articles Delivered Straight to your inbox