DON'T sell your home without reading this

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Real Estate

 

You might be looking to sell your home, and you're asking yourself, what's the best way to get an estimate of the price? Well, first of all, the online estimates are way off the mark, and not even close to being accurate. With the housing market currently at an all-time high, it's never been more important to make sure you're getting the best price for your home. The problem is, there are so many different websites out there that offer to give you a quote on your home's worth. But which one should you trust? Property value estimates are very important when selling a home and this video will give you all the information you need to understand what's going on in real estate so you can be better prepared. 

How to find the right property value for you

When it comes to selling property, the property market can be a huge minefield. You need to make sure you only sell the correct type of property at the right price, otherwise you could be losing money without realising it. That's why one of the first steps you'll make when beginning to sell your property is researching valuations. It's important when you're selling property that you find a valuation that accurately reflects the market situation. But how can you be sure that a valuation is correct? Market valuations are valuations carried out by solicitors. These valuations are primarily used to give an indication of how much a property might sell for if put on the market, rather than how much a property currently costs. It's important to remember that any market valuation is only an estimate and that values can vary vastly between different areas of the country. Market valuations aren't always helpful when it comes to buying and selling property, but they can give you a ballpark figure to help you budget and decide if you are selling your property at the right price. Property is a great investment, but it's no investment at all if you don't sell it right. So if you're going to take the plunge, you'll need to do your research properly. 

What is the best time to sell your home?

There is no best time of year to sell your home.The more accurate answer, however, is "when you're ready." Selling a property can be a stressful and time-consuming process, so it's important to make the right decision at the right time. You don't want to be stuck with a property that's not right for you. 
The benefits of timing the sale of your home 
The timing and method of selling your home will vary depending on your situation. It's important to look at the whole picture. Waiting until the market is rising usually means you'll see a higher sale price, but it also means you'll have to wait longer. Waiting too long to sell may put you in a worse position financially or mentally, so you'll want to weigh all the pros and cons before deciding to sell your home. For example, if you're young and just starting out, selling might not be the best option financially. However, if you're older and your career is stable, selling could be a good option.
When you decide to sell your home, you should consider other factors too, such as the state of the real estate market and your house. You may also want to consider your moving budget. The answers to these questions will help real estate agents like me to prepare your house for a sale and will also determine when you should sell. 
Is Your House Ready for Sale?
If you're planning to renovate your home, you'll need to understand what you can and can't do to increase the value of your property. Before you start renovating, understand your market. How quickly are homes in your suburb selling? What's the average sale price? Is now a good time to renovate? The answers to these questions will help you figure out whether and when to renovate, as well as how to renovate well. 

What Can You Do to Increase the Value? 

There are two main things you can control when renovating to increase the value of your property. 

A slow approach 

If you want a slow approach, focus on maintaining and upgrading the cosmetic features of your property. These include things like flooring, paint, decking, fences and landscaping. These changes will be noticed by potential buyers, but won't have a huge impact on the value of the home. 

A fast approach 

If you want to increase the value of your home as quickly as possible, focus on investing in the cosmetic and structural features. These include things like kitchen and bathroom renovations, as well as second story additions, loft extensions or garage conversions. For example, adding a bathroom to a bedroom or converting part of a room into a bathroom can make a property more valuable. Also, we all know that the kitchen is the heart of many homes. So fitting a brand new, durable kitchen can transform your home, and is worth the extra investment.

What is the difference between a market and an appraiser's value of a property?

When appraisers are valuing a property, they typically base their valuation on what the market is currently offering. When the market is competitive, it can be challenging for appraisers to set the true value of a property. 

Market Values 

Market value is defined as what a willing buyer would pay for a property and a willing seller would accept for it. 

Appraisers 

Appraisers typically use three different types of value when assessing the value of a property: reproduction cost, investment value and liquidation value. 

Reproduction Cost 

The reproduction cost of a property is the amount it would cost to recreate the property from scratch. Appraisers figure out the cost to recreate a property for the purpose of setting the reproduction cost. 

Investment Value

The investment value of a property is the amount the property is worth as an investment. If a property has strong investment value, it will likely hold its value or appreciate over time. Liquidation Value 
The liquidation value of a property is below the fair market value as it's sold before proper exposure to potential home buyers.
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How does a real estate agent help?

When you hire a real estate agent like me to sell your home, I use an evaluation of the property's value to determine how much to list the home for. This value is based on comparable properties in the neighborhood, and current market conditions, among other factors. I have analyzed every single home value report in the Bay Area and found that it is not just about the square footage, but also about the condition of your home's exterior, the type of landscaping, and the physical condition of your home, among other things. Only an experienced real estate professional can help you understand home values and what you need to know before selling a house. If you need to sell your house quickly, I will also tell you how to do it right. 

WHAT NEXT?

Real estate is a very competitive field and you need to know everything there is to know about real estate. It's not just about the price of the house - you need to know what the cost of repairs are, what the taxes are, and how long it will take to sell your house. 
Homes and property values are constantly changing. You probably know that the prices of homes in your area can vary dramatically. But do you know just how much? It's tough to get an accurate idea by looking at a house for sale. The price can go up or down based on the number of bedrooms, bathrooms, and other features. That's why it's important to get a professional opinion - from someone who knows your area inside and out. As a trusted local realtor in the Bay Area, I will help you understand what it's going to take to sell your home for the highest price possible and make an educated decision about whether or not to do so.  I will make sure that you are confident and knowledgeable when you are selling your house. I will also make sure you don't miss out on any deals because of your lack of knowledge. So what are you waiting for? Text me now: 858 880 4577 408 805 4653.