For a variety of reasons people get upset when I show them what the comps say their home should be listed for at Lake Sinclair.  I get a listing of reasons why it's too low

  • I paid more than that
  • I'm not going to give it away
  • but we have new appliances
  • we just painted
  • our roof is only 3 years old

I don't make the numbers up, I evaluate your property and find the most like homes that sold within the last 6 months and made adjustments for the things that are different.  If your home is manufactured I don't compare it to site built homes.  If you home is on the water I do not compare it to homes that are not on the water.  But I do make adjustments for other things

  • number of bedrooms
  • boathouse
  • carport/garage
  • number of bathrooms and half baths
  • seawalls
  • amount of water frontage
  • view
  • bonus rooms
  • size of property/acreage

Several weeks ago I did a CMA for someone who had their home advertised for more than $75,000. more than I think it should be listed to have a reasonable expectation of having showings, much less actually getting an offer or being sold.  They were not very happy and did not list their home with me stating they were not going to give it away.  Well right now there is plenty of inventory still out there and buyers don't even look at those homes over priced.  And I don't spend money marketing a home that isn't going to even be shown because it's priced too high.  I don't just make these numbers up.  Want to know what your Lake Sinclair property might sell for in today's market?  Call me.  But I'm not going to list it for the 2007 price.

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8 Comments on How do you place a value on my Lake Sinclair home?

JUN
05
404,511 Points 8 Featured Posts Outside Blog Called Shot Master

Tammy - Great post on how you value property in Lake Sinclair.  You're also right to point out that buyers are still not looking at over-priced property.  You did the right thing in telling this seller what they needed to hear, not what they wanted to hear.  Excellent post!
11:41am • #1
523,394 Points 10 Featured Posts Outside Blog Called Shot Master

Well done, Tammy.  Even though sellers are becoming more in the driver's seat around here, it is still not a hot market, and overpriced homes just sit there.
12:02pm • #2
434,047 Points 10 Featured Posts Outside Blog

Very nice Tammy..... You are right, we don't make the numbers up.... Nice explanation of how pricing a home really works.
12:10pm • #3
1,100,447 Points 94 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Tammy,

I love the predictability of some sellers. Whenever the comps are less than they think...there's something wrong with the data. It's never the market, and it's certainly never the house.

Rich
12:19pm • #4
510,053 Points 2 Featured Posts

I guess it does not matter where in the us you are the questions and statements all seem to be the same. Good post.
12:23pm • #5
448,909 Points 72 Featured Posts Outside Blog Called Shot Master

Tammy, How true. Is doesn't matter what they paid or have added into the home, the numbers are what they are. It is so hard for some sellers to take.
2:42pm • #6
1,227,445 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Good afternoon Tammy,

No buyer cares what they need to get out of the house..they only care what it is worth at this time compared to other properties selling..no different than the stock market! if you need to sell..you can expect what the going rate is :).
3:34pm • #7
1,120,616 Points 102 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Super busy day today with buyers in town for a limited time with a LOT to see. 
8:04pm • #8


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Tammy Lankford- lake sinclair (706-485-9668)

Eatonton, GA

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Tammy Lankford/Broker Lane Realty Lake Sinclair-Central GA

Address: 126 Pea Ridge Road, Eatonton, GA, 31024

Office Phone: (706) 485-9668

Cell Phone: (478) 456-5161

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