Petaluma is located in the North Bay of San Francisco, in Sonoma County. The name comes from the indigenous Miwok village and can be translated to “backside of the hill.” The area was a hotspot for miners during the California Gold Rush that began in 1848 and was also a prime location for farming and agriculture. It spans about 15 square miles and is home to nearly 60,000 residents.
Petaluma homes for sale are currently selling for a median price of $949,000, which is down slightly from the price one year prior of $1,075,000. Still, Petaluma real estate is experiencing a healthy seller's market. This means that there are more buyers than there are available Petaluma homes for sale. Thus, sellers can expect multiple offers, bidding wars, and offers that exceed their asking prices. For those interested in listing their Petaluma real estate for sale, below are some tips to help you to maximize your home’s value.
Focus on the kitchen
If your kitchen is functional and relatively modernized, check its footprint. Consider if you have the space to open up the room and add an island or a breakfast nook. Next, consider if your light fixtures could use some updating. Recessed lighting or pendant lamps are popular choices that help bring the whole kitchen together.
If the kitchen floor is linoleum or outdated tile, you can opt to replace it with real or faux hardwood floors or ceramic tiles in various sizes. Cabinets can easily be painted, refaced, or replaced entirely, and countertops are easily upgradable with granite, tile, stainless steel, or even concrete. If your kitchen is already in top-notch shape, check your appliances. If the stove is old, opt for replacing it with a high-end, professional-level stove with six or eight burners. Switch out your old refrigerator for a roomy, sub-zero fridge and freezer.
Run a comparative market analysis
A comparative market analysis (CMA) is a report that compares your Petaluma home with other comparable homes in Marin County. A CMA compiles statistics, including how many days a comparable property to yours spent on the market and the final sale price. Experienced Petaluma realtors will often conduct CMA's for their clients. If you want to research comps on your own, search for homes that:
Are within .5 miles of your home
Have been listed within the last three months
Are about the same age as your home
Have about the same square footage as yours (10% in either direction)
Get your Petaluma property appraised and inspected before you list it
It’s a given that all homes undergo an inspection before a sale is finalized. However, it’s a wise move for homeowners of Petaluma homes for sale to invest in one prior to listing. This is wise for a number of reasons. First, you'll receive an objective assessment of what your home's current value is if you place it for sale right now. Second, you’ll have a current inspection that will alert you to any faulty areas that need fixing or replacing before you list your house on the market. Additionally, this inspection will unearth any areas that potential buyers may try to bargain with and allow you to decide whether you want to fix them or lower your asking price.