With so many tools out there – online valuations, Realtor CMA, and professional appraisers reports, the automated Realtor Property Report, you’re probably asking yourself, “Which real estate valuation should I trust?” Unless of course they are all coming in with very similar numbers, in which case, it’s likely that the market price of your home […]
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[M04/S11] The Real Estate Auction Sales Model
The real estate auction sales model is not widely used in the United States. It may surprise you to learn that in many parts of the world, real estate is typically sold at auction. It’s a system that has a number of benefits for the seller, including luring in buyers by low starting bids, a […]
[M04/S12] Overpricing Your Home for Sale
In any discussion on real estate pricing, we need to talk about the phenomena of overpricing your home for sale, that is, where a home owner decides to put their home up for sale above market price. Sometimes this is done on accident, other many times it is done intentionally. The logic goes that overpricing […]
[M04/S14] How to Maximize your Home Sale Price
If you want to know how to maximize your home sale price, there is one very important thing to know: when you put your home up for sale, you will receive the most interest in your home when it is fresh on the market. The first several weeks are the most critical time in the […]
[M04/S15] The Virtue of Underpricing your Home
For some homes – in particular newer tract homes in a particular subdivision – it’s going to be fairly clear what the market price of the home is. If that is clear, then go ahead and list it at that price, and expect that you’ll get full asking price. If the price is clear to […]
[M04/S16] Selling your home with little or no equity
After you have crunched the numbers it may be apparent that, after including the costs of the sale, you are in a situation where you’d be selling your home with little equity, or worse – negative equity. Put another way, you are going to come up short – considering the current market value of your […]
[M04/S01] Today’s Real Estate Buyers are Savvy and Empowered
Todays’ real estate buyers are savvy and empowered like never before. While the Internet has greatly increased the visibility of homes on the market, it has also provided greater access to data home buyers may not have had in years gone by. It is now easier than ever for buyers to see which homes up […]
[M04/S02] Real Estate Values and Pricing
What is your home’s value? Notice that the question is about your home’s value and not its price, because there’s a difference between real estate values and pricing. There are a number of factors which affect a home’s value: location, condition, upgrades, square footage, lot size – those are just the obvious factors. Less obvious […]