San Joaquin Homes Community Blog

• Nationally, home values have declined 27 percent since the market peaked in 2006.  Yet, many sellers are tempted to list their home for sale based on what they paid for it, not on the area’s current real estate market conditions.  To avoid overpricing the home, sellers should arm themselves with information on comparable home sales, percentage of listings with price cuts in the area, and find out how long homes are typically on the market.  All of that information, and much more, can be obtained through a REALTOR®.
  
  
• While looking at comps of recent sales in the area can be helpful in determining the list price of the home, sellers shouldn’t focus solely on this information.  Checking out the listing prices of homes on the market right now also is useful, as these homes are the current competition.
  
   
• Whenever possible, sellers should avoid being home when their home is being shown.  When the homeowner is around, buyers feel nervous and don’t feel comfortable inspecting the house.  It’s easier for buyers to visualize the home being their when they have a chance to critique and discuss the home among themselves.