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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
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 Posted: 05/11/05 - 08:03 Post subject: ARGH! another home selling question
So, I met with the agent from buyowner.com last night. She pulled up comps (other similar houses that sold in my neighborhood) and got a tour of my house last night. She said that my house is worth X amt. of money.
Her X figure is 30% higher than the Y figure I had a traditional real estate agent (ReMax) give me over the phone the other day.
What gives? How can two people come up with such different figures?
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JACKED UP
PRESIDENT
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Joined: 06 Jun 2003
Posts: 21238
Location: www.johnnydu.com
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Posted: 05/11/05 - 08:08 Post subject:
They think your bikes go with the house?  I dunno, that seems like a huge difference PH. 
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purple hayes
Frightened Inmate #2
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Posted: 05/11/05 - 08:09 Post subject:
| JACKED UP wrote: | | They think your bikes go with the house? I dunno, that seems like a huge difference PH. |
She didn't even look at the bikes. 
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JACKED UP
PRESIDENT
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Joined: 06 Jun 2003
Posts: 21238
Location: www.johnnydu.com
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Posted: 05/11/05 - 08:12 Post subject:
| purple hayes wrote: |
She didn't even look at the bikes. |
How rude! 
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Noley
AZhat
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Posted: 05/11/05 - 08:16 Post subject:
1) She personally was in your house and perhaps saw what you've put into it. That may be one reason. Anything you've done as home improvements should be noted.
2) Perhaps she sees what the real estate market is doing now (it seems to be a sellers market right now in many places) and is boosting up the figures to match that market. I know that's what people are doing around here...it's crazy and I don't have a chance to buy anything right now.
3) Do you have more land to put into that figure?
4) Sometimes you start very high with your figures so you can come down when you start getting offers. You want some room to play with.
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crazyfrog
Kermitologist
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Location: atlanta
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Posted: 05/11/05 - 09:09 Post subject:
i know nothing, but i assume the remax agent took a tour too?
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purple hayes
Frightened Inmate #2
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Posted: 05/11/05 - 09:12 Post subject:
| crazyfrog wrote: | | i know nothing, but i assume the remax agent took a tour too? |
No, but she only lives about 1.5 mi. away from me and she knew the neighborhood.
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coachmarkos
my boys could swim
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Joined: 14 May 2002
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Location: 1st in AFC West
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Posted: 05/11/05 - 09:13 Post subject:
I don't know...seeing the inside must have been the difference.
again,
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Noley
AZhat
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Posted: 05/11/05 - 09:41 Post subject:
What is the market like in your area right now???
The house I'm in is selling unbelieveably high due to demand for people wanting houses. So, the sellers jack up the prices.
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purple hayes
Frightened Inmate #2
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Posted: 05/11/05 - 09:53 Post subject:
| nolefan85 wrote: | | What is the market like in your area right now??? |
Don't really know. There's no shortage of listings on the internet though.
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rolling rock
The Pinball
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Posted: 05/11/05 - 10:00 Post subject: Re: ARGH! another home selling question
| purple hayes wrote: | So, I met with the agent from buyowner.com last night. She pulled up comps (other similar houses that sold in my neighborhood) and got a tour of my house last night. She said that my house is worth X amt. of money.
Her X figure is 30% higher than the Y figure I had a traditional real estate agent (ReMax) give me over the phone the other day.
What gives? How can two people come up with such different figures? |
first one was "blue booking" your house --- using comps and numbers only to come up with a market value... i suppose going inside made the difference and i really can't believe the other agent didn't insist an inside tour before putting a price on it. i mean, the inside of a house can make all the difference in the world  i'm assuming yours was 
hope the second one wasn't "blue skying" you just to get the deal.... 
like my buzzwords? me either.
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crazyfrog
Kermitologist
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Posted: 05/11/05 - 10:07 Post subject:
| coachmarkos wrote: |
I don't know...seeing the inside must have been the difference.
again, |
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MechEngDropout
Member
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Posted: 05/11/05 - 10:08 Post subject:
In the oh by the way department, real estate agents are not out to find you the best price.
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Sahara
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Posted: 05/11/05 - 10:18 Post subject:
I wouldn't believe either of the agents guestimates until I knew their selling history.
o Is it their tendency to price high/low compared to the actual selling price?
o How long does one of their listings typically take to sell?
o How long have they been in the business?
o How much room do they leave for negotiation?
Get references. Negotiate the % they will be paid too... for example, if they are a new agent they want to get a sale under their belt and would accept a lower commission. Don't be afraid to ask them... you are the customer; you will be paying them money to sell your house.
EDIT: to say that I just read your other thread...didn't realize that you were thinking of selling it yourself ... no experience there but hear it's the way to go
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TriBob
Member
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Posted: 05/11/05 - 10:30 Post subject:
We have had estimates 30% difference.
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