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Pasadena Homeowners Ask What’s My Home Worth? Well, That Depends…

By Michael Jacobs

Industry Observer CalDRE #01165532

September 14, 2013 09:05 AM

What's My Pasadena Home Worth? It Depends. Contact REALTOR Michael Jacobs 818.516.4393 cell

It seems a simple enough question, right?

What’s My Home Worth?

So what’s up with the smart aleck answer?

Are you interested in the possibility of selling? If yes, then more questions will follow.

Obviously, if the timing is immediate(I want to move NOW) - the answer will much different than in a six months - a year or two - or within the next five years.

What if the answer is I’m not interested in selling -- other questions would be asked.

Are you looking to refinance your home and want some estimated values, that will elicit a different response.

If the answer is to find value for divorce, death or for a legal reason --- a very different approach.

Just curious and want to make conversation --- maybe a range in price will satisfy

So when I respond with a question when you ask me

What’s My Home Worth? You’ll know. It really does depend on the situation.

I'm here to give you the answers but it will depend on the reason why you ask.

And if you are a homeowner thinking of selling(or just curious) about your home’s market value or anything related to Pasadena real estate or anywhere throughout the San Gabriel Valley -- contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Pasadena Homeowners Ask What’s My Home Worth? Well, That Depends…

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Sharon Tara

Sharon Tara Transformations - Portsmouth, NH

Retired New Hampshire Home Stager

I agree with Roger...this should be Featured. Suggested!

Sep 14, 2013 09:46 AM

Scott Larson

BHHS/Utah Properties - Park City, UT

Park City, Utah Real Estate News

It really does depend on the situation and I know you are just the guy to ask all the right questions to get down to the value of the home for each particular situation.

Sep 14, 2013 10:03 AM

MichelleCherie Carr Crowe .Just Call. 408-252-8900

Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA

Family Helping Families Buy & Sell Homes 40+ Years

Yes, it's much different if someone needs to sell right away, is just curious, needs it for a divorce, trust or inheritance reason or just to compare it to Zillow's Zestimate.

Sep 14, 2013 10:52 AM

Kathy Streib

Cypress, TX

Retired Home Stager/Redesign

Michael- I love this post and you're so right... it really does depend, doesn't it.

Sep 14, 2013 11:47 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

That is a good point Michael. It depends and how quickly they wnat to sell. There is no stock answer.

Sep 14, 2013 12:23 PM

Debbie Gartner

The Flooring Girl - White Plains, NY

The Flooring Girl & Blog Stylist -Dynamo Marketers

I don't know how I missed this one, but glad it got featured. Yes, the context and the timing are key.

Sep 14, 2013 09:49 PM

Mike Cooper, Broker VA,WV

Cornerstone Business Group Inc - Winchester, VA

Your Neighborhood Real Estate Sales Pro

Michael, you couldn't be more right. Different scenarios bring different prices, especially when time is a factor. Well said.

Sep 14, 2013 10:59 PM

Joanna Cohlan

Fresh Eyes For Your Home - Chappaqua, NY

Designing, Decorating & Staging Westchester Homes

Good morning Michael, don't know how I missed this one-there is no absolute value-timing is everything as are market conditions-interest rates, supply and demand. Glad Kathy re-posted it!

Sep 14, 2013 11:12 PM

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Bob - it's all about finding the truth, isn't it? Questions are important.

Sharon - hard to disagree with Roger...haha...thanks very much.

Scott - thanks.

Michelle - the famous(or is it infamous?) zestimate.

Kathy - I appreciate the inclusion in your weekly list -- it's always a pleasure and a honor.

Debbie - you never know until you ask.

Debbie - maybe a new mantra - timing timing timing

Gabe - good point - the questioner needs to be able to know if the answer given needs follow-up questions.

Mike - and sometimes it's just a question of curiosity.

Joanna - I'm always glad to see you stop by and comment. Thanks.

Sep 14, 2013 11:27 PM

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Michael, good response! Different situations will determine a price factor. Time being the most important.

Sep 14, 2013 11:32 PM

Matt Kombrink

One Source Realty - Geneva, IL

Your #1 Source For Real Estate

You raise a good point, Michael. The "price" of a home depends on the owners expectations. The main factor when selling is how fast do you want to move. You can price it right, stage it well and it should sell fairly quickly. If you have time, you can price it a little higher and see what happens...

Sep 15, 2013 12:06 AM

Adrian Willanger

206 909-7536 AdrianWillanger-broker.com - Seattle, WA

Profit from my two decades of experience

Hi Michael-

Indeed motivation is key. Very well put, truly worth the "gold" star.

Sep 15, 2013 01:40 AM

Pat Champion

John Roberts Realty - Eustis, FL

Call the "CHAMPION" for all your real estate needs

You are correct there are many factors to consider when listing a home for sale pricing is important in order to sell. Thanks or sharing.

Sep 15, 2013 01:42 AM

Raymond Denton

Homesmart / Evergreen Realty - Laguna Woods, CA

Laguna Woods Realtor®

It's worth as much as someone is willing to pay for it ... that'll get us started.

Sep 15, 2013 02:01 AM

Jimmy Faulkner

Florida. Homes Realty & Mortgage - Wantagh, NY

The Best Of St. Augustine

What is my home wotth is always an interesting question. Some people ask the question just t o confuse me and others do not know the process. Real Estate is easy an anyone can do it is the feeling of many people. Incredible assumption and you know what ASSUM means.

Sep 15, 2013 06:54 AM

Kathi Cline

Palm Desert, CA

Coachella Valley's Real Estate Professional

You're right. It's so important to engage someone asking this question to see what's going on in their situation.

Sep 15, 2013 08:06 AM

Jimmy Faulkner

Florida. Homes Realty & Mortgage - Wantagh, NY

The Best Of St. Augustine

People think our profession is very easy and does not require much thinking or education. I myself went to Hofstra University to learn how to appraise, schooled by the Columbia Society. It takes a lot to be an effective CMA expert including all the points you brought out such as motivtion.

Sep 15, 2013 08:16 AM

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Michael - timing is definitely an important consideration.

Matt - knowing your market is important. As the NAR commercials state and we know each of our markets are different...knowing what works best for the market and our clients will help achieve the greatest success for them.

Adrian - I appreciate your comment.

Pat - you're very welcome.

Raymond - unless, of course, there is no talk about selling -- then the conversation goes in a different direction.

Jimmy - ah yes the ass-u-me discussion is always a fun one.

Kathi - asking the right questions and letting the other side answer can lead to greater understanding and that's a good, very good thing.

Jimmy(again) - I continue to learn....everyday.

Sep 15, 2013 06:17 PM

Lisa Friedman

Great American Dream Realty - Manchester Center, VT

37 Years of Real Estate Experience!

A very integral part of our profession is knowing what the right questions are and when to ask them.

Sep 16, 2013 10:23 AM

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Lisa - you're right, it's not just asking questions but making sure they are the right questions(and follow-up questions) and at the appropriate time.

Sep 18, 2013 12:56 AM