Appraisal vs. Agent Sets Home Price?
May 25, 2020
A home seller asks if an appraiser, or a real estate agent should set the price on a home. The answer is using one person, regardless of type of license is very risky.
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A home seller asks if an appraiser, or a real estate agent should set the price on a home. The answer is using one person, regardless of type of license is very risky.
Continue readingOur reader today exemplifies the plight of the for-sale-by-owner. While I applaud those who venture out to reduce expenses, rather than earn more, real estate remains a bit like the wild west even today. There are no enforceable standards of practice in an industry where your competitors are also your best customers. Interestingly enough, I can make the same statement to any consumer utilizing the services of a real estate agent.
Continue readingHome sellers and buyers need to be cautious using online home valuations websites that do not disclose accurate PSF costs. In real estate, cost sets the upper limit of value and understanding why is important.
Continue readingReader Question: We used a buyer agent to find a new home. Now we need to sell our home. We got him to look at our house. The lower commission does not seem to motivate him, and he is…
Continue readingOur reader this week views appraisals as obsolete. While there is some credence to his opinion, the better mousetrap remains elusive particularly, when the experts are expecting to conquer the challenge without even inspecting the property. I, for one, believe a set of knowledgeable eyeballs physically observing the property will be challenging to eliminate. Online estimates are a prime example.
Continue readingReader Question: I am 65. I have been living in Alabama since 2004. I lived with a family member who has since passed away. Now I am out on my own renting a house. I have had an excellent job…
Continue readingOur readers this week are wondering about sharing improvement information with a potential buyer for their home. It is common for buyers to research properties they become interested in, another twist created with the evolution of the internet. The prospect asking is a sign of keen interest. It could bode well for our readers.
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