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On Apr 19, 9:43 pm, t...@toddh.net (Todd H.) wrote:
> lagman <dan_hoff...@hailmail.net> writes:
> > 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.
>
> Subdivision plays into value surely, but depending on that
> "better"-ness of the subdivision is perceivable to folks seeing it
> will dictate whether it translates to an actual higher sales price.
> The home is worth only what someone is willing to pay for it in this
> market.
>
> But only running the numbers on comps in a radius without weighing the
> ones in your better subdivision higher may be an indication that the
> realtor in question isn't terribly familiar with your area.
>
> I think I might involve a third realtor before settling.
>
> And there are realtors who'll give you a higher than realistic number
> just to get the listing and then pressure you a lot to drop the price
> when it invariably sits on the market for 30 days without any
> nibbles.
>
> Best Regards,
> --
> Todd H. http://toddh.net/
Thanks for the info. One more thing I noticed is that many of the
homes in my area that are for sale are foreclosures. Should
foreclosures be used as comps?
Thanks,
Dan
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Re: Realtor Market Analysis Question
