Every real estate professional has heard this sophisticated marketing technique from a seller or two.There are many reasons why this technique doesn't work, and will probably fetch less than market value. For a full explanation, on why this doesn't work and a description on an effective strategy, please contact me privately. However, the most obvious reason of why this is a non-strategy, is because: "As REALTORS, we have access to information and resources which allow us to accurately determine home values today."
In … (5 comments)
sell my orange county house: How Much is My Orange County House Worth Per Square Foot? WRONG!
- 03/21/13 06:29 AM
Estimating property value per square foot seems to be a very common practice among consumers looking to sell homes in Orange County. Perhaps because it does make a certain amount of sense to those not in our industry, however there are too many flaws for this to be a reliable formula. For example, a prospective client values their home at $325/sf because their neighbor across the street sold at $650,000 and the home was 2,000/sf. Since the client's home is 3,000/sf they just add $325,000 to the price of their home and walla....they know how much their home is worth?! WRONG … (0 comments)
"Let's just put it on the market and see what happens?" - Not a Selling Strategy
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