Has the market price jumped because of wildfires?

Hey guys, we have to sell our home near Pasadena and were considering using Opendoor. But with the recent wildfires, has the market price just gone up? Should we be pricing it higher than we would have just a few weeks ago? Don’t want to give Opendoor an unnecessarily high profit since they’re just going to flip it.

What does your agent think?

Wes said:
What does your agent think?

Good point! Always best to check with your agent for a professional opinion.

The offer we received from Opendoor was easily 20% lower than what we sold for with our two percent Redfin agent.

Ash said:
The offer we received from Opendoor was easily 20% lower than what we sold for with our two percent Redfin agent.

Wow, that’s a big difference. Redfin might be the better way to go.

@Reece
Yeah, it definitely worked out better for us.

Anyone else noticed a price jump due to the fires?

Zen said:
Anyone else noticed a price jump due to the fires?

I’ve heard mixed things. Some areas might see a jump, others might not be as affected.

Fane said:

Zen said:
Anyone else noticed a price jump due to the fires?

I’ve heard mixed things. Some areas might see a jump, others might not be as affected.

Makes sense. Guess it depends on the specific location.

IDK about the prices jumping, but it’s always good to get multiple offers and compare.

Dru said:
IDK about the prices jumping, but it’s always good to get multiple offers and compare.

Agreed. More offers give you a better idea of the true market value.

Check local listings to see if similar homes have increased in price recently.

Zara said:
Check local listings to see if similar homes have increased in price recently.

That’s a great idea. A bit of research can go a long way.