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

Smart Corner San Diego Market Updates

Smart Corner – Market Updates Smart Corner is a mixed-use condominium and retail project located at Park Boulevard and C Street, in the Core District of Downtown San Diego. Completed in 2007,......

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

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

Downtown San Diego March 2013 Events

March 1-3 Spring Home and Garden Show Held at the Del Mar Fairgrounds, San Diego’s Spring Home/Garden Show gives you the opportunity to meet and question the 20 Garden Masters and explore......

read more

Beech Tower San Diego Market Updates

Beech Tower – Market Updates Beech Tower, located at 1514 Seventh Avenue in Downtown San Diego, is a 54-unit, 9-story condominium project. Amenities in the Cortez Hill community include a pool, spa......

read more

Marina Park San Diego Market Updates

Marina Park – Market Updates A welcoming private patio offers pleasant evenings and lazy afternoons right out the door from the stately living room. The Marina Park Downtown San Diego condos even......

read more

How to Buy a Condo for the First Time

Have you decided to start house hunting? Many buyers opt for a condominium as their first venture into house ownership. Several factors make condos the perfect starter homes so it’s unsurprising that......

read more

Park Blvd East/West San Diego Market Updates

Park Blvd East – Market Updates Park Boulevard East, located on the southeast corner of Park Boulevard and Island Avenue, features a great location in the center of the East Village and......

read more

Hawthorn Place San Diego Market Updates

Hawthorn Place – Market Updates Hawthorn Place is located on the corner of Hawthorn and India Streets in Little Italy. Hawthorn Place stands at the heart of an ideal lifestyle that combines......

read more

Downtown San Diego October 2013 Events

The Haunted Trail of Balboa Park Through Nov. 2 A haunted forest in the darkness of night is beckoning for you to come and walk upon its trail. Are you ready to......

read more

Get Listings and Articles Delivered Straight to your inbox

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