The Importance of Maintaining Your Credibility!

Yes accurate data and sources is key. I also suggest stating when a personal intepretation or opinion is renderd in the mix.

First off, I'm glad to see that your area is almost caught up on rainfall.   

Unfortunately, it seems like it is getting more difficult to trust the main stream media.  

You have made an excellent point about how presenting correct information directly impacts our credibility.  

I hope that you have a great weekend.  

Good evening Ron and Alexandra Seigel ,

Excellent point knowing and actually acquiring the data is only part of it. Knowing how to interpret the data is the key. An agent told my current sellers they could list their home 10% higher in the spring/summer than the fall/winter. I went back 3 years and showed them them all the data and proved this was simply not true. They listed last summer 10% higher and the house did not sell. I have their home listed now where it should be and we are getting excellent traffic with an offer coming in. The previous agents credibility was shattered when they saw the facts. They also told their friend who referred him to them.

I always let my people know that it is subjective but even with that the same data is used by all and there should seldom be more than a percent or two off from each analysis.

Good information, Ron and Alexandra Seigel . I am amazed how many times a seller asks for a market analysis, walks out, and lists with someone else. We love to watch them drop their prices and - eventually - sell for what we told them it would sell for, sometimes below what we told them! Some people don't want to hear the truth.

You've clearly demonstrated why the timing of the data is so important. I'm glad to see your reservoir is filled!

This is a very heavy and serious topic Ron and Alexandra. Pretty much all we have is our credibility to people who do not know us personally and are considering using our services.

Good morning A.  IMHO if the data is over 1 week old it is not current. 

Hi Alexandra and Ron -- it's a variation of the line from the movie Jerry Maguire. but instead of "show me the money" it's show me the facts.   Maybe I missed something is a good segue.   Mistakes can happen and so do fish stories.   Credibility matters.  A lot.  

This is excellent advice to share. Many news reports are based on outdated information,

I find that typically the same information or facts/details are available to all of us, Ron and Alexandra Seigel ... but what is done with all of it is where the differences shake out.  

There are a host of reasons for that, I think.  Some simply don't grasp how all the info relates .. laziness ... short-sightedness, inability to interpret, and more.  Finding a professional that is willing to dig for the facts, then gains a deep understanding of them, and the willingness to work with them ... now THAT is key.

As usual, a thought-provoking post and topic ...

                                            FEATURED IN BANANATUDE!

Gene

HI Alexandra and Ron... I can't tell you how often I've spoken with a homeowner whose home failed to sell and asked what their previous agent used to justify an asking price.... and it turns out the asking price was a PFA (pulled from air). 

Credibility is so incredibly important and always has been. So many times over the years I've worked with sellers that were given ridiculous so called 'facts' that were so off base and they called me to get the real story and to get the home sold.  I don't get why anybody would feed a seller an escalated list price just to get a listing. Total waste of time, energy and money for all parties.  The point it to sell the home, not just list it.

Good evening Ron and Alexandra. You have done an excellent job with this. And it's based on what?

Glad I found this one, Alexandra. I still can't believe any writer would risk his/her reputation by not updating information for a current article.  The same goes for Real Estate agents, the facts tell the story. Period. Our sales data is a source of knowledge, and confidence. You cannot sell an over-priced house. It just doesn't happen. Sadly, the next agent likely will get it sold.