What Does It Costs To Sell A House in San Diego

If you’re thinking of selling your own home without the help of a real estate agent, then you are probably doing your up-front research and thinking about what expenses you might incur. In this blog post we’ll review the costs of selling your house yourself in San Diego or anywhere else in the country!

Selling a house. If you sell through an agent, you’ll incur costs such as commissions and fees, on top of all the regular costs, which is why some people choose not to sell their house through an agent but instead sell it themselves.

If that’s the case, it’s good to know what you will incur in terms of costs of selling your house on your own in San Diego. This list will help you…

How much does it costs to sell your house by owner.

#1. Making those repairs

Often, the biggest costs associated with selling your house is the one you didn’t realize you’d have to pay – repairs and upgrades! You see, many homeowners want to sell their house exactly like it is. Many don’t want to buy a house like that!

Sellers try to put a lot of effort into doing the renovations on their house just so a buyer will even consider buying it! It’s a home you want to sell, and you don’t want to spend a lot of money on it, and yet many sellers are forced to spend tens of thousands and weeks or months of time on fixing it up.

#2. Campaigning!

Another cost you’ll incur is a marketing cost. This is a cost that most agents will cover themselves. But without the help of an Realtor, you’ll have to pay for marketing costs yourself.

There might not be a lot of costs, or these costs could be very high; it depends on how popular your house is to sell. You need to get the word out there so you might be paying to do so.

#3. All Those Expenses

Agents charge a a hefty commission for their services. And if you don’t sell with the help of an agent then you won’t pay those.

However, there are other fees that aren’t associated with the agent that you may have to pay – such as attorney fees, titles fees, closing fees, etc. (It depends on where you’re selling in San Diego.

#4. The Most Valuble Asset

One of the biggest expenses of selling your home yourself in San Diego is not monetary, it’s time. If you’re selling your home yourself, you’ll need to make your repairs, market the home, show the home, negotiate with buyers, and complete the paperwork.

This all takes effort and all that time could have a financial cost if you have to take time off of work, for example. So make sure you factor it into your consideration.

All In All

Selling your San Diego house yourself lets you save money on commissions and fees while remaining in control of the process. However, there are still costs so make sure you’re aware of them.

Doesn’t matter if you want to buy or sell a house here, If you want to work with a legitimate real estate company in San Diego, contact us today!

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How Do I Figure Out My Home’s Worth in San Diego?

What are things I should look for when getting market value of a San Diego house?

Most people have trouble figuring out what to sell their house in San Diego for. This is probably because they feel as if it’s anybody’s guess as to what a house is worth. That’s not the case at all. Every house, in ever market has a great value estimation for what their house can sell for. Whether you’re selling a house in San Diego, Denver or Roseburg, this blog should help you figure out the market value of your house.

Now let’s get into the meat and potatoes of the actual tips of determing what your home’s worth in San Diego.

1. Hiring An Appraiser

If you want it done right, simply hire a professional Appraiser. During a home sale, the bank that makes the home loan normally selects an appraiser to render an opinion about the value of real estate as of a specific date. They’ll use actual properties that have sold for the basis of their evaluation. This isn’t a “I just think it’s worth X amount” process. It’s a calculated disciplined approached with real numbers. Listen to a real estate professional in Beverly Hills mention how even the Zillow CEO’s own home was 40% off of it’s real value. Watch the video below to find more about “What Are The Benefits Of Hiring An Appraiser?”:

Should I Use The Square Foot / Price Method?

This is simply dividing the price the house sold for by the total square footage of the house sold.  The reason why the price per square foot method is a poor method to determine market value is because every home is unique in San Diego.  While homes are similar in terms of size, bedrooms, bathrooms and location location location add or subtract value as well. There are so many factors that aren’t taken into consideration when using the price per square footage way of determining market value if this is done by an amateur.

My Friend Said I Should Use Zillow, Is That Accurate?

There are many homeowners who really think that “free online home estimators” are going to be 100% correct. Sometimes they can be drastically off!  If I were to receive a dime every time I heard a San Diego home seller say, “But I know Zillow said my home is worth more,” I’d be the next Bill Gates by now. Okay not that much but it would be a nice vacation at least.  Anyhow, one of the worst methods to determine the market value of a home is using online market value estimators like Zillow.

There are several websites that offer home value estimators just like their are tons of websites offering free credit scores. When is anything every truly free when it comes to finance services? Some of the most popular websites that homeowners visit to find out the value of their home are now household names and used daily and people are confused as to why no buyers show up to their San Diego open house.

If you think about it for a moment, how can a website that is not located in your local area and that has never been inside your home determine the market value of your home.  It’s impossible for a homes market value to be accurate since these online websites have no clue what is currently happening in your local real estate market or what the condition of your home is.

There is currently a lawsuit going around as to whether Zillow’s home value “Zestimates” are accurate or not and are scaring off buyers.  Don’t just depend on an algorithym that’s automated to tell you the truth about your own house. You have to remember it is virtually impossible to know the exact neighborhood and condition of every house in your neighborhood just based off that.

In Conclusion

At the end of the day, use a professional such as a real estate appraiser or real estate agent to determine the value of a house. “You get what you pay for”, for a reason!

If you’d like to list, sell or buy a house in the San Diego, California, give us a call or contact us here on our site today!

-San Diego Estates Group

The Benefits of Selling in A San Diego Seller’s Market!

This is an article that’s all about how to sell your house in a San Diego Real Estate Market and how to capitalize on it! It’s your turn as the seller to reap the benefits of a seller’s market. In 2011-2012 that was the best time to buy a house, now it’s the best time to sell in San Diego.

It’s simple supply and demand in this business. You just have to know what to do when the time comes. Many real estate agents in the San Diego CA area left the business in a buyer’s market because the demand for buyers was so high that they couldn’t wait it out 45+ days before earning a commission. Now you probably hear that everyone is getting into real estate because you can “make money money fast”. You see this in the stock market too.

We have to back up and say that just because you’re in control as a home seller, doesn’t mean you should try and take advantage of people or the situation. Do what you can with respect to the fact that people are still looking for a home. They are in the same position you were in when you were a first time home buyers. That’s going to be the majority of clients Realtors bring to see your house.

Here’s an example of a fantastic Realtor you should choose in a San Diego market.

Now let’s get into the actual action steps you can take to sell your house fast, on your time frame, for the right price and to the perfect buyer for your San Diego home.

1. Give Into Some Concessions.

Another component, other than price, is the conditions that are also placed on the sale. Think about the closing costs, inspections and appraisal fees that’ll occur. These are what the buyer might ask for in a deduction of an asking price. You as the seller can ask for things that benefit you too. Like that you’ll only sell the house in “as is” condition.

2. List Your House High, and Lower Later.

Remember what we said about supply and demand? You can ask a higher price because San Diego buyers don’t have as many choices available to them when it comes to inventory. Take advantage of the seller’s market is to simply ask for more money and see what happens. Worst that can happen is lowering your price a week later.

3. Create A “Buyer Frenzy”.

When you only have one offer, you can get desperate to accept it. When you’re presented with multiple offers from multiple buyers, you are the one in power, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then put all offers on the kitchen table and see which one really is “highest and best”.

In Conclusion In This Post

That’s how to take advantage of a seller’s market in San Diego for home selling. If you’re selling your house in San Diego during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.

If you cannot handle selling with a Realtor or selling For Sale By Owner, find a private home buyer in your state of Colorado, California or Nebraska that can buy your house without you having to pay commissions.

Selling Your House For Cash in San Diego!

It may seem easy but it’s actually complicated to sell a house for the best price, in reality it comes down to five simple items and on important rule. This is the strategy used by investors across California and the US to successfully sell a house for the best price.

Asking Price

When it comes to your asking price for a San Diego house, realize that the market is a hot seller’s market. Which means you have a better chance of getting a high price than not.

Just make sure that the asking price is justifiable. There are factors like the condition of your house that come into play so be fair. We all want a deal but we don’t want to spend more than we have to either.

Instagram Like Photos

This cannot be stressed enough, people walk homes from their phones and computers these days. They send links to the prospective property to friends and family for their input. Great photos are a must and costs a pretty penny if you don’t have a DSLR camera. They are very well worth it to better represent your property to potential buyers though.

Staging

When a potential buyer sees your home you want them to be able to imagine themselves in the house. If they are looking at your family photos and your old sofa in the family room it makes it that much harder for a buyer to visualize themselves in this property.

You would want to have a house in nice, clean condition just like anything you buy brand new. Of course it’s already been lived in but it’s a house you are selling for others to call a new home.

Real Estate Agents in San Diego

Nothing motivates an agent like a better pay day. Often buyers are not aware of all properties on the market and a great agent will lead their buyers towards a property that will net them a higher pay day. You may be paying 1% more in fees to the agent but your likely to close at a higher price and much sooner.

Renovate / Remodel

Nothing sells a house faster than a low price but if you are seeking top dollar nothing sells a house faster than it being clean and newly updated. Potential buyers aren’t looking for a major project. Buying a home is a stressful experience, anything that makes their new home more turn key and ready for them will greatly increase the homes value and speed that it sells.

The best items to focus on for a return on your investment are the kitchen, bathrooms, flooring, paint and fixtures. Be sure the landscaping is clean and organized but do not go beyond that with it. Granite counter tops and stainless appliances are a must for the kitchen.

Would a real estate investor be a fit?

Selling a to a house buying company in any part of the country is one of those things you have to do what’s best for you. Whether you’re selling a house in Denver or San Diego, the rules are the same.

The main goal is to find a solution to your problem and sell your house sooner rather than later. If you’re thinking a real estate buying company is best for you. Do a Google search or contact us! We’re buyer right here in San Diego.

Thanks for reading,

James Fort