Now is a great time to sell your home if you have a beach home in the Carlsbad area. It is a seller’s market right now because of the value and demand placed on real estate in this subdivision. This is due to the lack of good homes for sale in the Carlsbad area and this trend will likely continue into the near future. Some larger, more expensive homes in the affluent areas of Carlsbad have been recently foreclosed upon, so this represents a new opportunity for people to purchase these types of homes at lower prices and resell at higher values. We’ve recently discussed these opportunities with investors and hedge funds that have money available to purchase.
HOW TO DETERMINE YOUR CARLSBAD BEACH HOME VALUES?
Do you know what your Carlsbad beach home is worth? If you live in the Carlsbad area, you can have your home appraised for a fee by contacting a local appraiser or you can have your home assessed and an estimate of value will be provided for your Carlsbad home by a qualified real estate professional. This is important to know if you’ve been thinking about selling your home at any time in the future.
WHAT’S THE DIFFERENCE BETWEEN AN APPRAISAL AND ASSESSMENT?
An assessment is provided by a licensed real estate agent who uses comps (comparable properties in the same general area as the subject property). This process varies between agents but with us it goes like this. We find the tax records of your property and print them out. We verify the names, subdivision, square footage, year built, pool or no pool as well as any other information we’re told on our contact sheet which is available online here
We then go to Realist which is tax software which would show us any recent sold properties that weren’t listed in the Multiple Listing Service (MLS). We then search our new home database for recent sold, pending and available new home inventory to see what the new home competition is doing. Lastly we go into our MLS and search for active, pending, contingent and sold property closed within the past 90 days to keep the data timely. We will search plus or minus a few hundred square feet of the subject property, keep the age similar, similar lot size, etc. Based on pictures and comments we can tell if the property was distressed (short sale or foreclosure), if it had any deferred maintenance (needed fix up), had any functional obsolesence (too few bedrooms for the area, too few bathrooms, no garage, etc). We can also tell if the property backed to a major road, was in the flight path or something like that which can affect the time on market and ultimately the sales price of comparable properties. Lastly we look at how many others are currently available in the immediate area (that’s your competition) and how long they’ve been on the market (which reflects supply and demand), how many are contingent or pending and how quickly they went under contract (usually reflects how close to list price the home will sell for). Homes that go pending quickly usually sell for very close to list price whereas homes that go pending after being on the market for more than 30 days tend to sell for less than their list price. We look at the sold comparables with a lot of detail. Sold properties within the previous 90 days directly reflect what a buyer is willing to pay for homes in your area. We don’t go beyond 1.5 miles of the subject property so we generally draw a radius on the map and expand out 1.5 miles and pull in all the sold properties in that area. We can do that with our real estate software. We look for how long was it listed, what kind of condition was it in, was it sold for cash or financing, was there an abundance of upgrades or anything that makes the house worth more than the others, was it easy to show, any factors slowing the sale (daysleeper, lots of dogs, appointment with agent). All of these factors go into our estimate of value which we call an assessment. We provide these for free and they are extremely accurate.
An appraisal is something that is paid for by the borrower (when they are getting a loan) or the homeowner (doing a refinance or appraisal before selling their home). These appraisals range in price from $400 on up depending on what it’s for and how large the home is and if it’s an investment property or a primary residence. The appraiser uses 3 sold and 3 for sale (or pending or contingent) properties. They are typically within 1.5 miles of the subject property and have closed escrow within 90 days of the date of the appraisal (similar to the assessment). The appraiser has vague valuations for upgrades like pools, patio covers, granite, and flooring. The difference that we find between appraisals and assessments is that the appraiser may be from out of the area (not familiar with the local markets) and they tend to be cautious or conservative in their approach whereas real estate professionals are very confident in what the value of a home is, especially when they have a lot of experience with property valuations.
START WITH A SIMPLE CALCULATION
If you want to know what your home is worth, you can get a free online assessment at
You just fill in a couple of simple lines of data, with your address and we’ll get that out to you right away. Just remember that this free report is not enough to receive a refinance or loan on your home. It is simply a market analysis based on the current market values in your area and is a great place to start if you’re thinking of selling your home sometime this year.
Contact us anytime with any questions. Many homeowners call because they wonder if they should invest in new upgrades before they sell. Some homeowners call because they are worried about falling behind on their mortgage payment and don’t know who to trust. Some homeowners call because they’ve recently been put in a situation that’s life changing like divorce, death or inheritence and they aren’t sure what steps to take. We’ve been advising our real estate clients for 14 years and take pride in our high standards, professionalism, integrity and service.
TESTIMONIALS FROM JUST A FEW OF OUR SELLERS
Chris is a hard working, honest real estate professional that will get the job done while maximizing value for his clients. Many people entered the market during the boom and did not conduct themselves with the highest standards. Chris is the exact opposite and that is why he has survived and is still thriving in a tough market. He can be trusted and will go the extra mile for everyone. – Eric W. Territory Manager NMLS #321475 at AmeriPro Funding
He continues to make himself available to us and has given us honest advice during this tough real estate market. Chris’s experience shows and he genuinely wants to help his clients and encourage them to make good decisions. I have referred him to friends and will continue to recommend him as a great real estate agent! – Sherry P. Metadata Analyst at Sprocket Media
Chris was extremely helpful, very responsive, and very knowledgable. Not only did Chris help me find the right property, he also helped me immensely thorughout the process and even after the closing. I would strongly recommend Chris to anyone looking for a great real estate agent. I have worked with many agents over time and Chris is by far the best agent I have worked with. -Rohit P. Vice President, AI Engineers
He was always there and has since then been there to answer questions and provide advice. I have referred many others to Chris also. Good, hard-working, and honest, what you need in a real estate agent. -Edward B. Hotel Assistant Manager at Hyatt Hotels Corporation
Any agent can provide you with raw data: listings, comparable sales, bedrooms, baths, etc. Chris’s experience as an investor, entrepreneur and coach helps him provide the proper context to that information. Because, let’s face it, you’re not just after information for it’s own sake…you’re using the data to make an important financial and emotional decision. Chris has the knowledge and experience to help you get to the right decision. -Betty K. Author at Control Your Cash
“New England in my veins, San Diego in my soul.”