By Norman Green
How to value your home accurately in San Francisco
I have seen a common question on social media threads, and I thought, why not answer it. And for those of you concerned, your question is legitimate. I often see people just valuing their homes based on estimates provided by some website. Well, there is nothing wrong with that, and in some cases, it might work, but what if you may be overpricing your home? Which may cause your home to stay on the market longer than usual?
WWW.THEPOWERISNOW.COM
Or what if you are underpricing your home? Using online calculators is good, but there are limitations. And even before your value your home, it is important always to understand that a home’s value or worth is whatever someone is willing to pay for it. THAT’S IS IMPORTANT, HOW MUCH WOULD YOU BE WILLING TO BUY THE HOME YOU ARE SELLING? You need to have this conversation with yourself before even looking to see what others are saying or selling their homes. The long version of that answer would depend on many factors, including the market conditions, the average selling price of other homes in the neighborhood, and such factors. Also, it may depend on what other people or entities have to say about the value of that particular home, for instance, your lender, your agent, or the tax assessor. ANALYZE YOUR MARKET This is the first step you have to take to value your home in San Francisco accurately.
l
35
123rf.com
A
ssuming that you bought your home in San Francisco some ten years ago, how much would it be valued today?
