Real Estate Sonoma County, Luxury Homes, Foreclosures, Short Sales

Finding Home Market Value

Two of the most frequent questions asked from potential home buyers are "How much should I offer for this house?" and "What are normal and acceptable concessions from the home seller?" There are, unfortunately, no stock answers to those questions. Unlike other businesses (major purchases where prices are negotiable) Real Estate does not have an established selling price nor a specific set cost. There is no MSRP (Manufacturer's Suggested Retail Price) or "Set" cost for a house. Therefore, it is impossible to give "standards" as to Home Value and either fair or normal. Every property stands on its own price, condition, terms and merits.

As an example, it is not uncommon to have two very similar properties in the same neighborhood or area with two different prices. This may be due to differences in the condition of the homes, or amenities or the motivations and perception of value from the seller. The following table is a simplified example of what you may find in a given area. The neighborhood average is for homes that have SOLD and CLOSED in the prior months. Although there are some variations in size and age between one property and another, we'll assume that they are in similar condition and have basically the same amenities per price range. Sonoma County Home and Property Values

Gaining a Market Advantage with current knowledge can be your best weapon. 

Bay Area Real Estate Information Services, Inc. Sonoma County Two-Month Closed Sales Report Residential: SFR, Condo-Co-op, Farms & Ranches, Mobile & Floating Homes STATUS: SOLD

We offer a free online real estate site where you can search for homes for sale, find home values, view recently sold homes, and check mortgage rates.

What is my house worth? Use our home valuation site to research recently sold homes in your neighborhood and get a free home estimate. For a more detailed analysis of your property contact a local professional using our MLS Home Listings Directory to your advantage. Here you can quickly find professional real estate appraisers, agents, home inspectors, title and escrow officers, mortgage brokers and home staging professionals. Whether you are in the buying/selling process, refinancing, or just a homeowner curious about recent sales www.ESonomaCounty can help you find the data and the pros who know. 

SPECIAL INFO: Obama Administration Help for Home Owners Facing Foreclosure on their home.  Some helpful links for you to Avoid Foreclosure in Sonoma County. Links provided will help you start the process of finding the best information to clarify your options.

If we can help answer any questions or provide some direction in these stressful times, please don't hesitate to cal or email.