What determines the price of a home in the Santa Barbara, Goleta and Montecito areas?
When you are selling a home, you should always price your property according to current market conditions. Because the real estate market is continually changing, and market fluctuations have an effect on property values, it´s imperative to select your list price based on the most recent comparable sales in your neighborhood. A so-called comparative market analysis provides the background data upon which to base your list-price decision. When you prepare to sell and are interviewing agents, study each agent´s comparable sales report (the data should be no more than three months old). If all agents agree on a price range for your home, go with the consensus. Watch out for an agent whose opinion of value is considerably higher than the others.
