Consider what your property may be worth before you put it on the market. What you paid for it may bear little relation to its value on the open market. Value is determined by supply and demand, and here in Southern California we have plenty of demand. However, demand also requires purchasing power; therefore, if there are more buyers than sellers in a given market, the prices will go up and vice versa.

When speaking with an agent about price, ask what they would suggest and then ask why. A good agent will be able to explain the market and use comparable sales in the area to determine your property’s list price. You should also do your own research into the sale of other similar properties. If you are still undecided on price, you can hire an independent fee appraiser. While no appraiser can pinpoint exactly what a property will sell for, they should be able to give you an accurate range.

To speak with us regarding the value of your property, as well as to schedule a free home evaluation, contact us today.