Napa Valley Real Estate & Homes Info Tips
Setting the right selling price on a home is one of the most critical steps in the selling process. Setting the price too high will mean that you don’t generate a lot of interest. Setting it too low will mean that you don’t get as much money as you could have; it may also mean lower interest because you missed a key Napa Valley demographic.
Market value is based on the market. Quite simply, people don’t care about how modern your bathroom is or the paradise that is your backyard. If your house is priced well above similar houses in your neighborhood of Napa Valley, you won’t be able to sell. In order to find a price that is fair and that will generate interest, you will have to look at what similar homes in your neighborhood are selling for.
Don’t compare apples to oranges. “Similar houses” is kind of generic, so let’s try to define what it means. Houses that are similar are typically the same in age, number of rooms, and lot sizes. The layout of the kitchen, the layout of the rooms, the way the yard has been done may all be different, but those three factors are always constant. Don’t compare the price of a three bedroom house with that of a four bedroom house; that one room will make a difference of thousands of dollars.