Welcome back to the next video in my series, Demystifying Real Estate Offers. We started by talking about what goes in to writing an offer. Then we talked about comps. Now we are talking about “What Happens Next?”. So you have reviewed the comps, and you have an estimate for the likely selling price of… Continue reading What happens next? How a house’s status affects your offer strategy
Your house is overpriced | Welcome to my new series, 7 Reasons Why Homes Don’t Sell. The first video is: Your house is overpriced. Your house may be overpriced for a number of reasons and there are a number of pricing strategies. In all markets for all products, price solves all problems, just like… Continue reading Your House Is Overpriced
Sale-to-list price ratio is the sale price divided by the list price, expressed as a percent. If it is less than 100%, the home sold for less than list price; 100% the home sold for list price; and above 100% for more than list price. Here is an example: If a seller is asking $400,000… Continue reading What is the Sale-to-List Price Ratio and Why is it Important?
What is the Zestimate? It is Zillow’s estimated home market value that is computed by a formula they created. It is estimated from public data and factors in the house’s location and market conditions as well as specific home features like the number of bedrooms and the square footage. It is not an appraisal. Zillow removes transfers… Continue reading How to Read a Zestimate