What Will My Home Really Sell For?
Have you ever wondered why “instant home valuations” of websites such as Zillow and Trulia are often off by 20 to 50% in this area? Or why even an appraised value can be off by the same amount compared to what a place actually sells for?
Much to the chagrin of Zillow and Trulia and the analyticals, pricing a home for sale is more of an “art” than a “science.” Especially in this area.
Internet sites, and to some extent, appraisers rely to a great extent on the stats: price per square foot, number of bedrooms, baths, etc. of recent sales. Yet in this area where you can have a 1950’s house next to a 1920’s house, one updated, one not, one staged and one not, one with a yard and one not, price can vary greatly even with the same square footage.
 Indeed, pricing a home, in our case, is a part of the marketing strategy to get you the highest price. It can depend not only on obvious things like neighborhood, the condition of the home, but also things like whether occupied or not, whether staged or not, and most importantly, how it’s marketed. It can depend on how close to a busy street, how close to coffee, how close to BART, the floor plan, light, number of stairs, schools, views, and very importantly, the market at the point you put the house on the market.
We’re in a volatile market right now, with many prices up from the doldrums of 2 years ago, but not across the board. So every house has to be viewed on a case by case basis, and this is where the experience, marketing savvy of the agent comes in. It’s a little like judging an art piece, if you will. It depends on how the buyers will see it, and what the demand is at that point in time.
We’d love to see your home and go over our market analysis with you, and most importantly, how we can maximize your ultimate sale price. To make an appointment, just give us a call: 510-273-9318. Or just fill out the form below. We thank you for stopping by and look forward to meeting you!
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