“What is my home worth?” This is a common question that we hear from North County homeowners who are considering putting their homes on the market. Knowing how much your home is worth can help you decide if now is the right time to sell. But how do you determine the value of your North County home? Here’s an inside look at how to find the number, and why it’s important to get an accurate estimate.
Why it’s important
First of all, let’s talk about why it’s important to come up with the correct valuation for your home. If the listing price for your property is too high, then it can sit on the market for weeks or even months. When your home languishes on the market, it can develop a stigma. Potential buyers will wonder why your home hasn’t sold and may jump to the conclusion that it has problems. On the flip side, if you undervalue your home, you could be leaving serious cash on the table. Getting the price right from the very beginning is a key element of having a successful home sale.
Get a comparative market analysis (CMA)
When you enlist the help of one of our expert agents, we will run a comparative market analysis on your home. Also known as a CMA, we’ll take a look at many factors that could influence the market value of your home. This includes your home’s condition, the landscaping, recent upgrades, and other things that may be important to potential buyers in North County. We’ll also take a look at comps in the area, which are recently sold properties that are similar to yours. Homes in your neighborhood that have characteristics like yours — including the square footage, number of bedrooms, and other features – provide valuable insight into local housing prices. Ultimately, you can think of a CMA as a more informal appraisal of your home.
Use our home valuation tool
Do you want to get an estimate of your North County San Diego home’s value in under a minute? Then simply plug your address into our online home valuation tool. You’ll receive a comprehensive report in 35 seconds. And best of all – this information is free!
Ways to boost your home’s value
If you’re not happy with the current market value of your home, then there are ways that you can improve it. These include:
- Updating the curb appeal – The way your home looks from the street can make or break a home sale. Invest in exterior updates that will make your home look clean, fresh, and welcoming.
- Making energy-efficient upgrades – Many homebuyers are concerned with how energy efficient a home is. If your home is an energy hog, consider making updates like replacing appliances, using LED lights, and enhancing the home’s insulation.
- Adding square footage – How much livable space does your home have? If you’re able to increase the square footage by adding a bathroom, bedroom, or even creating an in-law suite, then you will add to the value of your home.
Talk to a pro
The most important thing you can do when selling your North County San Diego home is to work with a pro. The Cristine Clark & Jamie Gilman Team has sold one home every 3.3 days since 1997, and we’d love to help you sell yours. Contact us today at 760-758-1211 or [email protected]!