One of the most frequent questions we hear is, "What is my home worth?" And there are many ways to answer that question, but what is the best way to determine a home value in San Luis Obispo?
First, you can always hire an appraiser. There are many great appraisers in the county and we would be happy to put you in contact with one of them. Today, many people turn to websites like Trulia and Zillow for their home evaluations. While convenient, these sites simply don't have the information needed to come up with accurate home values in a small community like ours.
The most important thing to know about home value is that it's essentially a snapshot in time.
A home value estimate is based on who's looking to buy at the time and how many sellers you are competing against at the time. What we're seeing now in San Luis Obispo County is a higher number of homes on the market and a low number of buyers. Since we're seeing fewer buyers and fewer sales, your home may require a month on the market before the right price is found.
The good news is the San Luis Obispo real estate market is ever changing, and even in a slower market your home can sell for top dollar. The key is to make sure your home is in great condition and priced right.
With the fluctuations in the market, it's important to have a real estate expert look closely at your home, including any improvements you've made and help you find the correct value. If you have any further questions on the current value of your home, give us a call or send us an email. We're always available to help!