March 27, 2020
The decision to sell your Bernal Heights home should not be taken lightly. The good news is that with some research, a little preparation and the right real estate agent on your side you can navigate selling with ease. There is a lot of uncertainty in the market right now and we can all agree these are incredibly challenging times. We are keeping a close eye on the Bernal and San Francisco housing market. If you have any questions about how the current state of the market will impact your home, please reach out to us for a discussion. In the meantime, what we have realized is that regardless of the economic climate there are five things remain true for the Bernal home seller:
The most common mistake we see Bernal homeowners make is choosing a listing agent based solely on two factors: the highest list price for their home and the lowest commission. At first glance, this may make sense but those two criteria have little to do with maximizing your return on your investment.
Pricing your home is an art and takes knowledge of the local market and years of experience to get it right. Price reductions indicate to Bernal Heights homebuyers that there are problems with your home that need to be fixed or the home is simply overpriced and misaligned with market data.
Take a look at the market data for Bernal Heights single-family homes in January 2020.
In Bernal Heights, 4 homes sold without price changes, recording 105% of their original listing prices and spending only 17 days on the market. In contrast, the 2 homes that sold with one or more price reductions recorded only 96% of their original listing price and spent over three times as long on the market (52 days). Long story short, Sellers need to choose an agent that has the local expertise to price your home right. Price your home too high and it will stay on the market too long. Price your home too low and you may miss out on your best return of investment.
As a Bernal Heights home seller, you can feel some reassurance that San Francisco home buyers are uniquely positioned to weather the storms of economic upheaval. The entry-level price point remains high enough that successful Bernal Heights home buyers have economic stability. It’s worth noting at the end of May 2019, 20.5% of all the jobs in the Bay Area were in technology; a sector that is particularly well-suited to work from home mandates. [source]
ClICK TO VIEW OUR 2020 BERNAL MARKET REPORT
“THE SHAGLEY TEAM DID A WONDERFUL JOB HELPING US SELL OUR HOME.”
The Shagley team did a wonderful job helping us sell our home. I can’t imagine the selling process going any more smoothly. The Shagley’s have a great team working for them who whipped our house into shape for selling in just a couple short weeks. Every part of the process was completed right on schedule–from listing, to staging, to the close of escrow. Plus, they were extremely fast in responding to all our communications, and quickly and efficiently dealt with any minor snag we came across. Also, the final selling price surpassed our expectations, which was also a nice bonus. 🙂 For a worry-free selling experience, I highly recommend the Shagley team!
– Cary & Norma, Sellers
“SHE KNOWS THE SAN FRANCISCO REAL ESTATE MARKET LIKE NO ONE ELSE”
Jennifer Burden is a top notch real estate professional. I have worked with Jennifer and her team for many years and she has helped me buy and sell 7 homes. She knows the San Francisco real estate market like no one else – which is critical when you are trying to buy or sell in San Francisco.
– Liza Gallo, Seller
“SHE IS THE BEST REAL ESTATE AGENT THAT I HAVE WORKED WITH”
Live in Seattle, WA looked at sites for about a month to sell a home that was in the family for over 60 years. Sent email to Jennifer and was back to me in no time, we talked on the phone about the home and area. Had her put the house on the market and closed it under 90 days. She is the best real estate agent that I have worked with in the last 30 years and the Shagley Team too.
– Pete W, Seller
Take a look at current Bernal homes for sale. If you have any questions about listing your property or have any real estate questions – we are a click away.
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