Common Myths in Real Estate

-Myth: Quick Offers Means The Home is Priced Too Low

 

It means that we hit the right price point for the market and getting the right buyers.

Think: is it better to have a stream of offers or sitting on the market for a month 

 

-Myth Unique Marketing Brings Higher Prices

Absolutely not! 

Good marketing will display all the best qualities of your home and encourage potential buyers to look further into the listing and to schedule a viewing. Marketing does not change the value of your home.

If your home is overpriced, the best marketing in the world won't cure that.

 

-Myth: We Just Need The Right Buyer

That is only related to the unique property! 

Finding the one-in-a-thousand buyer that will overlook the advice of his or her Realtor and ignore the realities of the market is extremely unlikely.

 

-Myth: We Need to Price Our Home With More Negotiating Room

 

When a home is priced too high, it will be avoided by buyers and their agents. They will all be waiting for the price to go down to something reasonable. If you wait very long, you will run into the problem of buyers thinking something is wrong with the house

If it’s priced correctly you don’t need a room for negotiation. 

 

  • Myth: Zillow Says It's Worth More - There is not an algorithm for the correct pricing . Zillow's accuracy has a median error rate of 3.5%. This means half of the home values in the area are closer than the error percentage. Homeowners to edit their home facts and then we incorporate this information into our Zestimate calculations.
  • Anastasia Lozhkina , REALTOR®

     

    #@properties

    __________________________________________