Quote:
Originally Posted by BrianL99
I won't dispute that happens, but "professionals" come with various degrees of competency, especially in the Real Estate business. I would have had 3 or 4 Brokers give me a market analysis.
As you alluded to, owner's really have no clue what their property is worth. They base their estimates on emotion and anecdotal stories they hear from neighbors or read on FaceBook.
Two commenters on here, went into long dissertations on how to do a "market analysis" on-line and completely left out the concept that LOCATION drives real estate values.
When I bought in TV, I had spend exactly 1 hour here. I went back to Boston, took out maps of TV and decided what was the best place in TV for me to live.
1. Which Square did I want to be close to? In a recent FaceBook poll, TV residents prefer Lake Sumter Landing, 2:1 over the other Squares. Easy choice.
2. Where were the golf courses I wanted to play, located?
3. I'm a less than 4 minute walk to a Regional Rec Center and 2 minutes to the community pool.
I'm between 466 & 466A and 3 minutes in my golf cart to Lake Sumter Landing.
That information is the intangible that drives real estate pricing and it's hard to quantify by a non-professional.
Take essentially the exact same house as mine, 2 miles in the wrong direction from Sumter, it's almost a 10% difference in selling pricing. Is it worth that much more? Of course it is. Location, location, location.
Those are things lay people don't understand.
I want to buy another home in TV, I want a 3 car garage. I need to be less than 5 minutes from Sumter Landing, without driving over a bridge. If you think I'm the only crazy person who thinks that way, you'd be mistaken.
|
Brian, a poster stated she could not sell her home even with a $50,000 price reduction.
Your advice? Drop it another $50,000 and it will probably sell quickly.
Two of us felt this was not the best idea. We advised to go on VLS and look at the same model of home and compare your selling price with the similar models currently for sale. This is a surefire way to see if YOU ARE OVERPRICED.
The only person who gave a market analysis was you. I feel dropping the price by $100,000 on a whim is not the way to go.
On several of your comments, you continue to call other posters amateurs. You have no idea of anyone's background or experience. You post get a professional analysis. Yet, you feel equipped to provide a market analysis and advise a poster on her home that you have never seen. You are overpriced, you wrote. Drop it another $50,000. I find this a bit confusing.