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Online Evaluations Lie
Online evaluations don't mean to lie, but they are limited to the past tense. Data can tell you what happened, but can't predict the future or why it happened. All the real estate data takes location, square feet, number of bedrooms, and a few more criteria into consideration to come up with an average number. The key word there is average. The problem is that every home is different. Online evaluations are a starting point, but there is no one magic number. There is a price range.
Three homes in a neighborhood all built the same year, same layout, same number bedrooms, and are very different houses. A couple years ago I represented a seller with a 1947 two story, three bedrooms, and one bath. There were three other homes in the neighborhood with almost identical criteria. All were built in the same year with same layout: three bedrooms, plus the sunroom, fireplace, detached two car garage. The lowest priced home didn’t have an upgraded kitchen but added granite countertops onto the original 1947 cabinets. The second lowest home had an upgraded kitchen but the elaborate trim on the exterior was rife with dry rot and old windows, and a one car ... more
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