For example, if I were valuing a home in Rancho Penasquitos, I might include Poway, RB, Sabre Springs, Carmel Mountain Ranch, 4S, and Del Sur because the buyers looking in Rancho Penasauitos are likely to be looking in those areas because they all go to Poway Unified Schools. These are competing homes and tell you how much to push the price.
#3. Buyer Demand over the last 30-60 days in your area and for your type of home and which way it’s trending. (more in-depth - text your address)
If buyer demand is increasing, but supply is increasing, you may or may not be able to set a higher price. If buyer demand drops, like when mortgage rates doubled, prices decline. So you need to: A. Get this data, B. Interpret the data correctly to determine where to price your home or if now is a good time for you.
For a free copy of these 3 items specific to your home, text your address to 619-846-1244, and I‘ll send it to you for free.
George Lorimer, Your Home Sold Guaranteed, or I’ll Buy It!*
ProWest Properties, *conditions apply DRE# 01146839 - 1000+ San Diego homes sold, MBA in Real Estate SDSU.