So you have fixed up your San Mateo home and put it on the market. The property has been toured by San Mateo real estate agents and held open for the public to preview. Still, no sale!
A Dose of Reality
Well then, here is a dose of reality. If your property has been entered into the Multiple Listing Service (MLS) data system correctly with good photographs, a functional key safe has been made available for accessibility and your house does not sell, it’s overpriced. There is nothing mysterious about this conclusion. It’s been research, studied and tested for years.
Rules of Thumb When Selling Your San Mateo Home
You may not want to hear that and your agent may not have told you that yet, but the reality is it’s all about price. Here are several rules-of-thumb to guide you.
- If you have 8 legitimate showings by reputable agents working with ready, willing and able buyers and no offers are generated, your property is overpriced.
- If over a 2 week period you have no legitimate showings, your property is over priced.
- If your home has been on the market for 30 days and no offers are generated, your property is at least 10% over priced.
The Magic Bullet Theory in Selling San Mateo Homes
San Mateo home sellers are easily seduced into believing in the magic bullet theory of selling homes. That is, someone knows something no one else does about selling your home for a higher price than the other guy. Frankly, that’s delusional.
What Does Sell San Mateo Homes?
The internet today is the best resource to expose a home to the marketplace. In this area, about 97% of potential home buyers use the web as their primary search tool. The MLS plugs into the internet with amazing coverage. Newspapers, magazines and flyers don’t sell homes. Serious buyers use the internet and professional agents use the MLS; both work hand-in-hand.
What Do San Mateo Home Buyers Think?
In San Mateo County, there are more than 7,000 real estate agents, every one of them trying to earn a commission and make a living. This is the most sophisticated real estate market in America. Home buyers are smart, informed and financially capable; they know value when they see it and quickly discard the “over-priced turkeys.”
The 3 Most Important People in Your San Mateo Home Sale?
To get a home sold, it really must be sold to three people: The agents, and the buyer, and the lender’s appraiser. The agents must recognize a value for them to spend their time and money to help sell the property. The buyer must see value for their money. The lender must appraise the property for an amount equal to the purchase price. Overpriced homes don’t sell and don’t get loan approval.
What’s the Best Way to Sell Your Home in San Mateo?
The best way to get your home sold for all its worth, price it right the first time. The consumer must see that your home is if not the best value, certainly one of the best values for its location, condition, size and comfort in the neighborhood.
What’s My San Mateo Home Worth?
The first step in gauging how much your San Mateo home might sell for would be to find out what other homes in your neighborhood have sold for in the last 90 days. By just supplying some basic information about your home, our Home Valuation tool will compile a detailed neighborhood market report, including the selling price of your neighbors’ homes. To get one sent to you, click on the “Your Home’s Value” button below. View a sample market report here.
Need to Get Your San Mateo Home Sold?
The Stress Free Home Listing Marketing System, exclusively from The RayChel Realty Group, is proven to sell your home for top dollar, in the shortest time, with the least hassle. Our system is the most effective marketing plan on the market. Why? Check out our Stress Free Home Listing page.
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