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Hugh, just remember when you do your market check in a hot market, the sale prices you see are already dated and no longer really valid. Interview at least three realtors and have each of them do a CMA (current market analysis) showing you all their data. In addition to that data, they will need to give you an estimate of the overbid amount that your house is worth/could sell for in your hot market. However, no matter what they say, take what they say with a grain of salt and use your own brain in coming up with an appropriate sales price. A certain percentage of realtors want an easy sale, and as such, will not recommend the cutting edge price from which you would benefit. Additionally, since you live in SoCal, I'm guessing the summer months would be the most opportune time to market your property, so if you can wait about three months, prices will be even higher and you will be able to take advantage of an even hotter market.
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