Don’t Base Your San Diego Home Price on One Comp
Tuesday, 17 September 2013
Question: “There’s a house that’s the same as mine around the block that just sold for $500,000. So assuming I get that price and…” Answer: OK, I know haven’t asked me a question yet. But I’m going to pretend you asked if you should be able to get the same price that an identical home
- Published in Q&A - Home Selling Questions
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My San Diego Home Valuation Process
Tuesday, 09 July 2013
Question: “I know you’re very accurate at determining home prices. What is your process?” Answer: There are several steps I take when setting home prices: Use nearby sold “comps” (comparable homes) Analyze nearby sold homes to see if any are comparable Find the most comparable and adjust for differences and market changes Analyze a broader
- Published in Q&A - Home Selling Questions
Should You Pick the Middle of 3 Agents’ Price Opinions?
Tuesday, 29 January 2013
Question: “I’m going to sell my house this summer. I know how important it is to price your home right. So I plan to get 3 agents’ price opinions and then hire the agent in the middle. Is this a good idea?” Answer: I don’t recommend it. 2 reasons… Reason #1: Whether it’s a high
- Published in Q&A - Home Selling Questions
Don’t Fall Prey to the “Above Average” Fallacy
Tuesday, 13 November 2012
Question: “We’re planning to sell our home in Carlsbad this June. Homes in our neighborhood are going in the 700s, but ours is much better than average, so we expect to at least get in the 800s. Do you think the low 900s would be pushing it?” Answer: Before I answer your question, please answer
- Published in Q&A - Home Selling Questions
Finding the REAL Worth of Your San Diego Home
Sunday, 27 May 2012
“I’m thinking of selling my La Jolla home and buying a bigger one. And I’m concerned about asking the right price. Everyone talks about list price, sales price, CMA, appraised value, etc. But what is a home really worth?” Answer: Great question. Recently a young man told me his condo had just appraised at $460,000.
- Published in Home Selling, Real Estate Resources, San Diego