Realtor differences
12/12/2007 at 7:51:04 PM
I'm getting ready to put my two story home on the market. I spoke to a realtor friend from another state, who advised me in updating my home and raising the curb appeal. After taking her advice, I contact three local realtors to come look at my house and give their estimate of what I should ask for it. The lowest number given was almost 25K less than the highest. This seems like a big range to me. Can anyone tell me if this is common and how to go about finding the right price to list? I don't want to short myself for listing too low but don't want to chase away buyers by listing too high. Thanks for your help!
12/15/2007 at 9:22:49 PM
A very good Realtor explained their method for pricing a house to me once:
They will run 'comps' on other properties that are similar to your home in the same area. Then they can see how much other properties are being listed for, and how much other properties have sold for in the past 3-6 months. They can find an average for price per foot, and then price your house competitively based on that.
Obviously you want to have a range that you are comfortable with and start out with something a little high, because people will make their offers lower than the list price--unless you have an extremely hot property.
My advice on picking a Realtor is: get someone with experience, and who will give you explanations for everything they want to do. A good Realtor isn't just guessing---there's a method to buying and selling homes.
Hope that helps.
4/16/2008 at 5:35:43 PM
That is very common! I almost always see Realtors differ immensely from each, which makes sense since it is essentially a subjective opinion. My advice for setting your price is to compare your house to others in your area that have sold. If your house has better assets, then sell for more or adjust accordingly.
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