A common question Unlocked agents get asked by new buyers is something along the lines of “our maximum price is $2.5 million, so what list priced homes should I be focusing on?”
Bay Area homes generally, but not always, sell above list price; usually 10-20% above list price. However, a home which is listed right at your budget may end up selling for below your budget, or it could end up selling for 50% above your budget.
We generally recommend focusing on homes which are listed less than 10% below your maximum price, but to keep an eye out for properties that are up to 10% over your maximum price. While the odds aren’t great that a home listed above your maximum price sells for less than list price, you do want to keep an eye out for these homes just in case.
To get a more accurate assessment of what a particular home may sell for, please contact an Unlocked agent and we’ll be happy to complete a Custom Valuation Report on your target property.