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On Apr 19, 7:37 pm, lagman <dan_hoff...@hailmail.net> wrote:
> All,
>
> We are re-locating through Sirva, and have had a couple Realtors out
> to do a market analysis. The market conditions are not the best in
> our area for sellers right now, and we don't expect to make much if
> anything off our house (we are in Fort Worth, TX). One of the
> Realtors came back with a suggested selling price that seemed very low
> (it was actually about 20% less than we paid for the house new 5 years
> ago, and 11% below the second Realtor's estimate). She also estimated
> the house would take 180 days to sell, which also contradicted my
> research.
>
> I noticed in her report she identified many nearby homes with similar
> square footage as comps, but the vast majority of the homes she
> identified were in lower quality sub-divisions. Out of the 10-15
> comps, there was 1 in our same sub-division, and one in a similar sub-
> division. It is true, however, that most of the sold and for sale
> houses in the area are in lower end sub-divisions.
>
> Am I crazy, or is it wrong to do a market analysis without taking into
> consideration the sub-division? Our home is a Continental Home, and
> many of the comps were Centex and Fox and Jacobs Homes. Because I'm
> of course biased toward wanting a higher price for my home, I'm
> afraid to automatically discard this Realtor's analysis, which is why
> I could really use an outsider's opinion.
>
> Also, do Realtors that work with relocation companies ever inflate the
> projected days on market? I've heard that relocation companies can
> be hard to deal with when the house has been sitting on the market for
> a while.
>
> Thanks,
> Dan
If your subdivision is better than the others, than yes, you're house
should be worth more. You say you had one comp in your subdivision
and another in a similar one. Those together with the 10+ other ones
should give you a good idea of what your house is worth. Given what
you;ve told us so far, I do not know why you think 180 days to sell
your house is out of line.
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Re: Realtor Market Analysis Question
