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

The Mills San Diego Market Updates

The Mills – Market Updates Located on Sixth and Seventh Avenues, North of Cedar Street, is The Mills. This one, two and three-bedroom loft community features 133 units on 6 floors. Three......

read more

Portico San Diego Market Updates

Portico – Market Updates Portico is located on India Street in Between Ash and Beech Streets in Downtown San Diego. The floor plans offer great diversity to buyers looking to stretch budgets......

read more

Why Loft Condos Are a Real Estate Trend to Watch

Real estate is dynamic, but certain trends emerge not just as passing fads but as transformative shifts that redefine the way we envision home. One such trend that has been steadily gaining......

read more

Downtown San Diego January 2014 Events

Polar Bear Plunge Jan. 1 The Annual LJCSC Polar Bear Plunge and Chili + Potluck. A great way for LJCSC Members to ‘SPLASH’ into the New Year! 10am. Kelogg Park: La Jolla......

read more

Symphony Terrace San Diego Market Updates

Symphony Terrace – Market Updates Located at 1333 Eight Avenue, Symphony Terrace is a 56-unit, 9-story condominium development located in the Cortez Hill neighborhood. Amenities include a barbecue, an exercise room, pool,......

read more

Element San Diego Market Updates

Element – Market Updates Contemporary design, unique floor plans, a coveted location, and incorporated retail space make up Element, an eight-story complex situated at the Southwest corner of Market Street and 15th......

read more

Smart Home Technology in Condos

With the rapid advancement of technology, our homes are becoming smarter and more connected than ever before. This is no exception in the world of condominiums, where smart home technology is revolutionizing......

read more

Top 8 Reasons Why First-Time Homeowners Choose Condos 

Buying a home for the first time is an exciting experience, but there can also be a lot of uncertainty about what type of housing is best. Many first-time homeowners choose to......

read more

350 West Ash San Diego Market Updates

350 West Ash – Market Updates 350 West Ash, located in the village of Little Italy, is a 12-story, 76-unit community which was converted to residential lofts from an architecturally interesting commercial......

read more

10 Easy Ways to Pay Off Your Mortgage Faster

A mortgage is likely one of the largest expenses you’ll ever have. However, that doesn’t mean you can’t manage it and pay it off as quickly as possible. If you’re like most......

read more

Get Listings and Articles Delivered Straight to your inbox

  • This field is for validation purposes and should be left unchanged.