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How Much Is Your Home Worth Ask Your San Diego Realtor
s you prepare to sell your multiple family home, townhouse,
home, the main question on condominium, manufactured or
your mind is How much is modular home, or a mobile home.
my home worth? Your San Diego
realtor can assist you much Size of the Property. Is the
better than the web sites on the size of the land a city lot, a ½
Internet with their home worth acre, full acre, or several
calculators or even the price acres? The more land, the higher
being asked by a close neighbor. the value. The position of the
property makes a difference in
Your realtor takes many factors the value. For example, a corner
into consideration when lot can bring in a higher selling
determining the asking price for price than one in the middle of a
a home. Here are the major block.
factors your realtor will
evaluate: Square Footage. The approximate
square footage of your home is
Type of Residence. The type of factored in; otherwise, how much
home you are selling will make a living space is there?
difference in the pricing. Is it
a primary residence, secondary, Overall Condition. Your realtor
vacation home, or rental? How it will assess the condition of your
has been used in the past could home and property, which will
impact how your realtor markets greatly affect your selling
your property or how potential price. The realtor also will make
buyers will use it. improvement suggestions that can
increase the value of your
Type of Property. The value property.
will differ, depending if the
property is a single family home, Architectural Style. If you
home was built in a style that is is the quality and condition of
in great demand, the selling the units, how old are they, and
price will be higher than if what type of maintenance has been
built in an outdated style that done in the past?
is not in demand.
Basement. Whether there is only
How Old Is the Home? How long a crawl space versus a basement
ago your home was built can affects your selling price. Other
affect its value. features your realtor will
evaluate is a partial versus a
The Numbers. How many full basement, and whether it is
fireplaces are there? The number unfinished, finished or partially
of bedrooms and bathrooms finished.
(including half baths) also can
raise or lower the homes value. Other Home Features. Some other
features your realtor will look
Parking Facilities. Garage, for are a den or study, the
carport, off street parking, amount of closet and storage
parking on the street, or a space, the amount of kitchen
combination of these is an cabinet and pantry space, and
essential feature for buyers. whether there is a pool, a guest
Your realtor will evaluate how house, and tennis court.
many cars will the available
parking accommodate? It is important to note that your
realtor is viewing your home
Type of Heating and Cooling. objectively. He or she is not
How is the home heated tied up in the emotional
electric, natural gas, oil or attachments you have to your
propane? What type of air home, but rather looking at it
conditioning does it have? What from the perspective of the
potential buyer. Additionally, the current housing market for
some of those pricey improvements your area. It used to be that you
you made may not translate to a could locate a similar home in
higher selling price. Many such your neighborhood that had sold
improvement costs are rarely recently, add a ten percent
recouped from the sell of the increase, and you had your
home. selling price. Home prices in the
San Diego area, as well as in 75
The Housing Market other metro areas in the nation,
have skyrocketed and are now on a
After assessing your property, slow decline, which makes for a
your realtor will take a closer volatile housing market. A poorly
look at your neighborhood and priced home means it could sit on
what its location has to offer. the market overly long, ensuring
For instance, if there has been you will have a difficult time
any bad publicity in your area, selling it at all. Thus, it is
the value of your home may drop, even more important at this time
especially if the publicity to use an experienced realtor.
concerns a serious crime. On the
other hand, if your home is Ultimately, the buyer determines
located near some truly great the actual selling price;
schools with high scholastic however, an experienced realtor
achievements ratings, your home can ensure that you get the best
value could improve, as well as price for your property and the
give you a great marketing edge. fastest sale possible.
Lastly, your realtor will assess
About the Author:
John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit San Diego Real Estate
Read more articles by: J Harris
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