San Diego Real Estate Blog

Even in a Great Seller’s Market, Not All Homes Sell

Just because we're in a hot seller's market doesn't mean every home sale is a slam dunk. In fact, there were more than 13,000 San Diego homes that failed to sell in 2016 alone.

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There is a huge misconception out there by the public that anything you put on the market will sell. In 2016, however, there were 13,472 homes that went unsold, expired, or canceled in San Diego alone.

 

Everyone out there who thinks that anything thrown on the market will sell is mistaken. When you look at the volume alone, that total...

Motivated Sellers Depart San Diego with More Return Than Expected

These home sellers invested a great deal of their time and money into upgrading their home and so needed an agent who could earn them top dollar. Extremely motivated to get on the market, they gave us a call interested in knowing more of our Guaranteed Sold program that promises our clients we will sell their home at 100% of their asking price within 29 days or we will pay the difference. After finalizing the renovations and landscaping, their home was ready to be put on the market. Our team implemented the 5 Day Blitz™ program, which in turn brought in dozens of buyers through the first day of showings creating a competitive environment. Just 6 days later, the home sold for 102% of the asking price! 

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When is the Best Time to Buy a San Diego Home?

Wanting to get your dream San Diego home at its lowest price? Research shows there are specific times of the year when homes can be bought for well below market value.

 

JANUARY = 2.1%
FEBRUARY = 2.4%
MARCH = 1.2%
APRIL = -1.2%
MAY = 1.7%
JUNE = 1.3%
JULY = 2.3%
AUGUST = 1.6%
SEPTEMBER = 1.8%
OCTOBER 2.6%
NOVEMBER = 1.5%
DECEMBER = 2.2%

Many sellers take their homes off the market until spring, leaving only the very motivated sellers who are more willing to negotiate.

What Days of the Week Can You Get the Best Deal?

Monday = 2.3% Discount

Friday = 2% Discount

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What is an Appraisal?

An appraisal is a written estimate of a property's market value, completed by an appraiser. This objective third party will give their professional opinion of the market value of a home.

What Does an Appraiser Look For?

  • General condition of the home
  • Size of the home and the property
  • Location of the home
  • Number of bathrooms and bedrooms
  • Upgrades or remodeled areas
  • Architectural features such as fireplaces
  • Materials used for countertops, floors, etc.
  • Outdoor amenities like a pool, gazebo, etc.
  • Type of appliances such as a gas vs electric stovetop
  • Functionality and layout of the home
  • Exterior of the home and materials used
  • Condition of yard

What Can I Expect During my San Diego Appraisal?

The appraiser may tour the neighborhood after they view your property. You can walk around with the appraiser while they are atyour home to answer any questions he or she may have. They only last about 15-20 minutes. They may take photos along the way.

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