Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Sherman Oaks and other L.A. areas too. General news and musings as well.
Monday, March 03, 2014
Ask me anything: How do I know that I am not pricing my house too low?
You're not. Final sales prices today reflect the full market value. How does that work? Today's market is full of very sophisticated buyers ("the market") chasing very few properties. The buyers have many tools at their disposal for evaluating the price of a specific property. And, they compete against each other for your house (unless your home is somehow stigmatized). And we know what competition does -- it drives prices up, and you will get what "the market" determines your home is worth. Coming soon: what factors determine value?