Factors That Influence the Value of Your Pleasanton CA Home for Sale
For homeowners looking to sell their properties, they often find themselves asking “What’s my Pleasanton CA home worth?” While no two homes are alike, real estate agents help home sellers determine the value of their homes with a few factors. One of which is by checking old and new listings in a local MLS. They look at the comparable homes which were sold recently in the area (sold listings), comparable homes which were listed for sale on the market but didn’t get sold (expired listings), and comparable homes that are currently for sale on the market (active listings). But apart from this listing information, the value of your home is also affected by the following factors:
Your home’s value is influenced by its location.
The proximity of your home for sale to schools, entertainment facilities, shopping areas, hospitals, public transportation, and more can greatly affect its value. Houses for sale located in high end neighborhoods that are conveniently located near these establishments get higher priced offers compared to those in lower end areas.
Your home’s value is influenced by its condition.
How old is your home? Is it properly maintained? Do you annually check for and repair any broken features? A home for sale in pristine condition usually get top dollar compared to similar homes which look like they haven’t been properly maintained. Make sure to get your home inspected for any leaks and damages before putting it up on sale so that you can be sure you’ll get the most of your home’s worth.
Your home’s value is influenced by its added features.
Did you recently remodel the kitchen? Did you add another bedroom? Did you upgrade your flooring or lighting fixtures? While it is not necessary to take on these home improvement projects before putting your home up on the market, added features can help add value to your home. Potential buyers are practical and they want to get their money’s worth. They wouldn’t pay more if your home doesn’t have any of the features that address the needs of themselves and their families.
Your home’s value is influenced by the market conditions.
Knowing the condition of the market when you put your home up for sale is crucial to how much you can expect to get from the home sale. Partner with a trusted real estate agent to get a comprehensive free market analysis in Pleasanton CA. This market analysis will tell you if the market is filled with homes and properties for sale that are similar to yours and just how many buyers are looking in the area. If you have a high number of similar homes for sale with a low number of home buyers, don’t expect that you can get top dollar sale for your home.
There are a lot of different factors that can affect how much your home is worth. Talk to your real estate agent so you can learn more about these and how you can adjust and adapt to the market’s needs. For even more helpful tips, advice, and real estate industry news, visit http://RhondaFee.com.
