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Your Home's VALUE, a matter of PERCEPTION. How do YOU see it?

By Cheryl Dickson

Services for Real Estate Pros with Retired Realtor / Retired Home Inspector

December 09, 2011 03:22 AM

Your Home's VALUE, a matter of PERCEPTION.

How do YOU see it?

If you ask several people what they think the VALUE of your home is; you are likely to come up with several different answers.

That's why your REALTOR's opinion should be relied upon when listing your home for sale. They know the market, and they know how to PROPERLY PRICE the home to get it SOLD.

Your Realtor has an UNBIASED opinion that is determined by doing a Comparative Market Analysis (CMA, also known as a Current Market Analysis or Competitive Market Analysis depending on who you ask.)

Below are the results of an In-Depth Study that was performed; Based on the opionions of parties involved in a real estate transaction. We asked the the value of a particular home and none of them could agree. They all have a different perception, and a different point of view.

So this is how your home's value is seen through the eyes of the seller, the buyer, the lender, the appraiser, and the tax assessor:

Home As Seen Through the Eyes of:

The Seller:

The Buyer:

The Lender:

The Appraiser:

And Your County Tax Assessor:

As you can clearly see by the above study, EVERYONE has a different PERCEPTION on the VALUE of YOUR Home.

That's why it is important to consult with your Realtor to determine the Asking Price.

Your Realtor knows Your Market and how to

Properly Price your home!

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Comments(19)

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Doug Dawes

Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA

Your Personal Realtor®

Hahahahaha, Yup value is in the eye of the beholder. It is simply a matter of opinion. The value will be determined in the open market

Dec 09, 2011 03:30 AM

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Indeed the truth and a pictures worth 1,000 words!!!!

Dec 09, 2011 03:33 AM

Cheryl Dukes . . . . . Intown Atlanta

Guaranteed Offer for your Home - eXp realty - Atlanta, GA

Cheryl, I think that is brilliant and very creative. Welcome to the imperfect world of real estate.

Dec 09, 2011 03:38 AM

Cheryl Dickson

Retired Realtor / Retired Home Inspector - Enid, OK

Retired Realtor, GRI / Retired Home Inspector

Doug, ...And a Realtor knows the Market Value better than anyone!

John, fun pics! Especially the Tax Assessor's! I'm sure that's how he see's my house too!

Cheryl, Thank You, but not entirely my brilliance, I saw a similar presentation elsewhere, so adapted it to fit in here and found some pics to tell the story.

Dec 09, 2011 03:49 AM

Roy Kelley

Retired - Gaithersburg, MD

Perceptions are reality and that sometimes creates issues that real estate professionals need to resolve.

Have a great day and an outstanding weekend.

Holiday Wreath IMG_1358

We visited Colonial Williamsburg over the Thanksgiving Holidays. It is a wonderful time of the year to visit the area.

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Dec 09, 2011 04:36 AM

Gary Coles (Coaching)

Venture Realty International - Las Vegas, NV

Latin America Real Estate

Cheryl, I saw a similar presentation with drawings. Your adaptation with photos is a fantastic improvement. I love the creativity shown when you take something simple and turn it into something great.

Dec 09, 2011 04:42 AM

Roy, That's so true, Love your wreath!

Gary, Thank You! Just want to enlighten sellers on the importance of a Realtor and a CMA!!!

Dec 09, 2011 05:06 AM

Not a real person

San Diego, CA

And that's why it's also necessary each year to check on the tax assessor's valuation. Don't just accept it because it comes from someone in authority. There are methods for appealing thte valuation.

Dec 09, 2011 05:24 AM

Russel makes a GREAT point! Don't just roll over, appeal the valuation if it is incorrect, so you have a chance to get an adjustment.

Dec 09, 2011 05:43 AM

Vince Chinell

VICO Home Inspection - Branson, MO

CPI

Cheryl, Great post. Should get alot of activity in the Rain. It describes perceptions perfectly!

Dec 09, 2011 06:11 AM

Vince, Glad you got a break, Lunch time eh? Spending it in the rain! Meeee Toooo!

Dec 09, 2011 06:18 AM

Joni Bailey

101 Main St. Realty - Huntsville, TX

Your Huntsville / Lake Livingston Area REALTOR®

Cheryl: I can really dig your sense of humor!! This is too funny!!

Dec 10, 2011 01:26 AM

Joni, Thank You!

Dec 10, 2011 01:37 AM

You're welcome! I like the side star photos, too! Did you just put them on?! I was on my iPad yesterday and did not notice them.

Dec 10, 2011 02:52 PM

Hey Joni, The stars have been there but I think they don't show on smaller screens. Not sure. I have 3 computers and they show more on my big screen (2 layers of stars) compared to the other 2 screens, (1 layer of stars.)

Dec 10, 2011 04:11 PM

Judith Sinnard

SMARTePLANS; Houston, Texas - Houston, TX

The SMARTePLAN Lady

HaHaHaHaHa .. thats pretty funny... and makes your point perfectly! Thanks!

Dec 11, 2011 07:14 AM

Judith, LOL! Thank You!

Dec 11, 2011 08:44 AM

Nina Rogoff

Boston, MA

Wix Websites for Real Estate Agents

Cheryl, this is hysterical! I have to re-blog it! Btw, my favorite inspector out here is Lisa Alajajian of Homequest Consultants. She is also the President of the New England chapter of ASHI! I'm going to send her the link to this post. She'll get a kick out of it!

Dec 11, 2011 03:03 PM

Nina, THANK YOU! It's so cool that she's a lady inspector! There's not many of us. Thank You so much! Is she an AR member? If not, Invite her to join AR, if you haven't already. :)

Dec 11, 2011 03:08 PM