The Housing Market

After assessing your property, your realtor will take a closer look at your neighborhood and what its location has to offer. For instance, if there has been any bad publicity in your area, the value of your home may drop, especially if the publicity concerns a serious crime. On the other hand, if your home is located near some truly great schools with high scholastic achievements ratings, your home value could improve, as well as give you a great marketing edge.

Lastly, your realtor will assess the current housing market for your area. It used to be that you could locate a similar home in your neighborhood that had sold recently, add a ten percent increase, and you had your selling price. Home prices in the San Diego area, as well as in 75 other metro areas in the nation, have skyrocketed and are now on a slow decline, which makes for a volatile housing market. A poorly priced home means it could sit on the market overly long, ensuring you will have a difficult time selling it at all. Thus, it is even more important at this time to use an experienced realtor.

Ultimately, the buyer determines the actual selling price; however, an experienced realtor can ensure that you get the best price for your property and the fastest sale possible.

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