Two of the most common questions we hear as realtors are ‘how’s the market?’ and ‘how much is my home worth?’. These are incredibly important questions considering buying a home is often the greatest financial investment most people make in their lifetime. In this post we want to address, how much is your home worth. If you are also interested in the ever-changing San Francisco housing market sign up here to join our monthly newsletter with an ongoing analysis of the housing numbers.
HOW MUCH IS MY HOME WORTH?
Well, what’s the address? We recommend you start by typing in your address with an online valuation tool. Let’s be honest, the majority of the time people just want a quick snapshot of their home value. These tools are FREE and EASY to use. That’s why we built one directly into our platform. Go ahead and check the value now. We also recommend comparing this number with other tools on the market that leverage a variety of algorithms and metrics.
However, these online tools are missing the factors that affect the current market. Their analysis is solely based on what has happened rather than on our projections for the future market. In order to come up with a true valuation of your home, it must take into account what is currently happening with the market, understand why it is happening and how it may affect the market in two weeks to six months when your home is sold. This is what we do when we prepare a market analysis of a home. No on-line valuation will be able to provide you this information, only an experienced real estate agent. According to the National Association of Realtors homes sold with a realtor garnered $80,000 more than homes sold without.
THINKING OF LISTING YOUR HOME?
If you are thinking more seriously about listing your home it’s best to avoid relying solely on an online valuation tool. With the help of a local, knowledgeable realtor knowing the true potential value of your home will help identify the right listing price for your home. Setting that listing price greatly affects your home sale. San Francisco for example is quite unique. Most homes sell over listing price and sellers will need to plan accordingly to bring in the right kind buyers and secure top dollar for your home. We will walk you through this process.
SIGN UP FOR OUR FREE COMPARATIVE MARKET ANALYSIS (CMA)
Understanding your home value starts with a comparative market analysis (CMA). A CMA not only looks at the unique aspects of your home but compares it to recent activity in your neighborhood including how long it takes a home to sell, and what homes are selling for compared to their original price. We base this analysis off concrete data such as size, location, number of bedrooms, style, and view. Schedule your FREE CMA TODAY!