When looking to sell a home in San Francisco or the Bay area, think of Redmond Realty. We love to work with clients who are looking to sell a single-family home or condo and have years of experience in selling Bay area homes.
Selling your home is a huge decision. To get it done, and done right, it is essential to arm yourself with the relevant knowledge so you make timely and informed decisions.
The San Francisco Housing Market
Know the market you plan to sell your house in. The San Francisco housing market is an extremely competitive one, with a home typically getting two offers per day and staying on the market for an average of 24 days.
The median price of homes is around $1.5M. Doing additional research to know what buyers in the local market typically look for when buying a house can help you better prepare your property accordingly.
What you Need to Know to Sell a Home in San Francisco
The process to sell a home in San Francisco or to sell any real estate is complex. Issues with disclosures, code compliance, timing and tenants can be confusing and frustrating for many sellers. By choosing a Redmond Realty real estate agent, you’ll be working with someone who understands the game, makes your real estate goals a priority, and closes the deal. We will be with you every step of the way to explain the process in layman’s terms, anticipate any complications that may arise, and get you the best price and terms possible for your property.
Our experience will enable you to get your property on the market at the right price for a timely sale. We protect your interests while helping you capture the equity in your property. Our agents work well with tenants and hold open houses frequently. We work Saturdays and Sundays, until we have a solid buyer in escrow as well as a backup offer in place.
The Best Time To Sell in the Bay Area
Typically, a series of factors decide when it is the best time to sell, which we list below:
- Seasonality: As is common knowledge, spring is considered the best time to sell a home in San Francisco when the weather is warming up and the school break is around the corner.
- State of Local Market: You will always want to sell in a seller’s market when the number of buyers far exceed the number of properties.
- Growth in Local Job Market: More jobs in the market mean more people earning and thus able to consider buying a home.
- Lower Mortgage Rates: Reduced mortgage rates make buying a home a more attractive and feasible option. This adds to the pool of buyers.
An assessment of these factors can help you decide on the best time to sell. Generally, the data pattern points to May being the best month to sell a house in San Francisco in terms of price and how quickly it is sold.
Once you know the market conditions and have decided on the best time to sell your house, you next need to get it ready and showcase it well. Here is what you should do:
Hire A Competent Real Estate Agent
A real estate agent will bring knowledge, experience and connections. These traits can help you secure the best possible offer for your home in the market.
Interview a few real estate agents so you can choose the one that best suits your requirements. Also, hire an agent who has experience of working in the local market. They will best know its conditions and how to use that to your advantage.
Redmond Realty’s real estate practice specializes in the San Francisco Bay Area. We bring over 30 years of experience on this complex market.
In addition, we provide recommendations for top-quality escrow and title agents, inspectors, contractors, stagers and other service people. We oversee your contracts and disclosures and deliver them to the appropriate parties in order to make your selling process smooth and stress-free.
Invest in Renovating
If you want to secure the best price, be prepared to spend on repairing and upgrading your home.
Your agent can tell you which upgrades will fetch you the highest returns in the San Francisco market. Renovate accordingly, and you will be able to secure a higher price for your property.
Pay Special Attention to Curb Appeal
Remember that the first impression prospective buyers get of your home is the way your home looks externally. So pay special attention to the facade, the front yard, and the driveway. Curb appeal is an underrated factor when it comes to selling homes.
Staging is Key
Staging can make more difference than you think. Make sure to furnish and style your house. Doing so will attract a larger pool of buyers, willing to make a decent offer.
Making it Happen
Remember to calculate the costs involved in selling a house. Costs include tax payments, realtor fee, staging fee and other fees. Knowing the costs will ensure you are prepared to make the payments as needed.
Take the aforementioned factors into consideration and prepared accordingly, then you have given yourself the best chance of to sell a home in San Francisco. You’ll get the best price, in the shortest time.
If you have a property to sell in the Bay Area counties of San Francisco, contact Tom today. We’ll schedule an initial consultation at your convenience. I would love to speak with you! 🙂