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

Questions to Ask when Financing your Downtown San Diego Condo

“Home finance has blossomed into an incredibly diverse and complicated industry. This is good and bad. There are at least a hundred ways to borrow the money for your Condo now. There......

read more

Downtown San Diego May 2013 Events

May 4th San Diego SPCA Walk for Animals Walk with (or without) your dog to promote the humane treatment of animals. The event takes place from 7 a.m. until noon at Liberty......

read more

The Metropolitan San Diego Market Updates

The Met – Market Updates The Metropolitan is a one of a kind community in Downtown San Diego. The units are artfully designed private urban residences located atop the Omni San Diego......

read more

Sapphire San Diego Market Updates

Sapphire – Market Updates Completed in 2008, Sapphire Tower is divided into three different low density designs – the Cosmopolitan Series, the Sapphire Series, and the Penthouse Series. This condominium tower is......

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

235 on Market San Diego Market Updates

235 on Market – Market Updates If a quiet, more intimate setting appeals to your San Diego downtown senses, condo ownership at 235 on Market may be the perfect Real Estate opportunity.......

read more

Icon San Diego Market Updates

Icon – Market Updates On the city block bounded by J and K Streets and Tenth and Eleventh Avenues, you will find ICON, a 327-condominium building with a terraced design ranging from......

read more

Downtown San Diego February 2014 Events

San Diego Lunar New Year Tet Festival Jan. 31-Feb. 2 In celebration of the Lunar New Year, a Vietnamese cultural festival will take place to showcase homeland traditions. Experience ancestral rituals and......

read more

Porto Siena San Diego Market Updates

Porto Siena – Market Updates Located in Little Italy, Porto Siena offers 88 units in a 6-level building. Completed in 2002, this complex is features architecture and styling reminiscent of an Italian......

read more

La Vita San Diego Market Updates

Icon – Market Updates Bounded by Beech, State, Cedar and Union Streets in the Little Italy neighborhood of Downtown San Diego is La Vita, a 24-story, 304-unit community. Amenities at La Vita......

read more

Get Listings and Articles Delivered Straight to your inbox

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