San Jose Ca. Sellers, How to Price Your Home This Summer?

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/Yw8

Selling a home in San Jose

Are you going to sell your home in San Jose this summer or fall? Are you wondering how to price your home? Have you been getting conflicting advice about the market in San Jose? Are you confused about the San Jose real estate market?

It is not surprising if you are confused about the best strategy to price your home to get the best price in the fastest time. The market is going through a change. Inventory is up a little, although not anywhere near buyer's market range. The big issue could be the rising interest rates. For homes under a million dollars the increase in interest rates does make homes less affordable for those buyers who are buying at or near the maximum they can afford. On top of that is a decrease in investors who will want to buy the San Jose home you are selling. Price have appreciated so much that many investors no longer see a good return on their dollar and are looking elsewhere for a place to buy rental properties

I am not trying to imply that this is a bad time to try to sell your San Jose home, because it is not, It is just a slightly different market than last spring, and as such you need to take this small shift in account when deciding on a strategy to sell your San Jose home.

Here are the recommendations I give my San Jose sellers when they ask me what price they should list their San Jose home for:

1. Look at the most recent closed sales in the immediate neighborhood and the condition of the homes at that price as well as the lot size and location.

2. Adjust for things like remodeling, noise, structural issues, lot size, and square footage.

3. After adding and subtracting for the differences take an average of at least 3 comps.

4. List just slightly below the average, maybe 1-2%

In this market I would not suggest listing very low in order to generate multiple offers as it may not happen.  I would also not suggest to list high to see if someone will pay. I believe if you list close to market you will sell your home in San Jose for the best price in the fastest time period.

 

If you have any questions about selling a home in San Jose please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

BRE 01191194

650-619-9285

 

Posted by

Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Santa Clara County San Jose
Groups:
Keller Williams 'Rainers
Posts to Localism
Dedicated Bloggers
The Ninety-ninth Percentile
Club Chaos
Tags:
san jose real estate agent
san jose real estate market
selling a home in san jose
selling a san jose home
how to price a san jose home

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,016,848
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Marcy.  Good information for the seller in San Jose.

Jul 17, 2013 12:44 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
468,350

Marcy Moyer

Probate, Trust, and Investment Specialist
Ask me a question
*
*
*
*
Spam prevention

Additional Information