{"id":460,"date":"2006-09-26T14:59:34","date_gmt":"2006-09-26T21:59:34","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=460"},"modified":"2006-09-26T14:59:38","modified_gmt":"2006-09-26T21:59:38","slug":"blogoff-post-83-let-realtor-do-his-job-and-price-your-house","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/460\/blogoff-post-83-let-realtor-do-his-job-and-price-your-house\/","title":{"rendered":"Blogoff Post #83: Let Realtor do his job and price your house . . ."},"content":{"rendered":"

This is from my Arizona Republic<\/i> column<\/a>:<\/p>\n

Here’s how to get yourself in trouble when you price your home for sale.<\/p>\n

First, collect a whole lot of information from wildly unreliable sources. Public records are almost always hugely out of date. The sales figures published in the newspaper almost never give you enough details to distinguish recently sold homes from your own. And your former neighbors are almost always fibbing when they tell you what they got for their homes.<\/p>\n

The second step of the process is elevation by divination. Bill’s house has a bad front lawn, so my house must be worth more. Janet’s house had those hideous mustard-yellow drapes, so my house must be worth more. That custom entertainment center I built — the one that fits my TV only — cost $500, but it adds at least $4,000 to the value of my home.<\/p><\/blockquote>\n

Now, when you interview Realtors, be sure to pick the one who is easiest to dominate. After all, it’s your house. Shouldn’t you<\/i> set the price?<\/p>\n

Now stop for a moment and think what you — and your attorney! — would do to a dentist who let you pick which tooth to drill. When you sit down with a Realtor, only one of you knows how to price a home to the marketplace. Trying to second-guess and micromanage your Realtor may not be quite the same thing as grabbing the stick out of the hands of a jet pilot — at least not until you crash and burn.<\/p><\/blockquote>\n

So, armed with a weak-willed Realtor and really bad ideas on price, you’re ready to take on the world: “You have everything you need to languish on market for months on end, selling in the end at a deep discount.”
\n<\/p>\n

Technorati Tags: arizona<\/a>, arizona real estate<\/a>, phoenix<\/a>, phoenix real estate<\/a>, sellsius 101<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

This is from my Arizona Republic column: Here’s how to get yourself in trouble when you price your home for sale. First, collect a whole lot of information from wildly unreliable sources. Public records are almost always hugely out of date. The sales figures published in the newspaper almost never give you enough details to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":{"0":"post-460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":512,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/512\/august-2006-bloodhoundrealtycom-market-basket-of-homes-values-down-015-on-normal-sales\/","url_meta":{"origin":460,"position":0},"title":"September 2006 BloodhoundRealty.com Market-Basket of Homes: Values down 0.15% on normal sales . . .","author":"Greg Swann","date":"October 5, 2006","format":false,"excerpt":"The Phoenix-area's real estate market seems to be continuing its slow trek back to normalcy. Home prices were essentially unchanged on a fairly strong volume of sales in the September edition of the BloodhoundRealty.com Market-Basket of Homes. Average prices for Market Basket homes in September were down 0.15%, compared to\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/71\/market-basket-of-homes-values-up-033-in-june\/","url_meta":{"origin":460,"position":1},"title":"Market-Basket of Homes: Values up 0.33% in June","author":"Greg Swann","date":"July 6, 2006","format":false,"excerpt":"Is there light at the end of the tunnel? Home values were up slightly, by 0.33%, in the June 2006 BloodhoundRealty.com Market-Basket of Homes. Average sales prices were up $851, from 257,148 in May to 257,999 in June. Nevertheless, values are down $11,876 from the December 2005 high of $269,875.\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":302,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/302\/august-2006-market-basket-of-homes-values-up-25-on-stronger-sales\/","url_meta":{"origin":460,"position":2},"title":"August 2006 Market-Basket of Homes: Values up .25% on stronger sales . . .","author":"Greg Swann","date":"September 8, 2006","format":false,"excerpt":"Is the Metropolitan Phoenix real estate market starting to recover? Too soon to say, but prices edged up slightly on sales that were stronger -- even if they are still slow -- in the August edition of the BloodhoundRealty.com Market-Basket of Homes. Average prices for Market Basket homes in August\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":601,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/601\/october-2006-bloodhoundrealtycom-market-basket-of-homes-values-down-407-on-normal-sales\/","url_meta":{"origin":460,"position":3},"title":"October 2006 BloodhoundRealty.com Market Basket of Homes: Values down 4.07% on normal sales . . .","author":"Greg Swann","date":"November 4, 2006","format":false,"excerpt":"The Phoenix-area real estate market's three-month experiment with stasis came to an abrupt end in October: Although sales levels were normal, as compared with October 2003, the most-recent October before the real estate boom, both asking and selling prices dropped precipitously among the homes tracked in the October 2006 edition\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/63\/market-basket-of-homes-values-up-197-in-march\/","url_meta":{"origin":460,"position":4},"title":"Market-Basket of Homes: Values up 1.97% in March","author":"Odysseus","date":"April 5, 2006","format":false,"excerpt":"Home values were up a substantial 1.97% in the March 2006 BloodhoundRealty.com Market-Basket of Homes. Average sales prices were up more than $5,000, from $260,645 in February to $265,778 in March. Values are still down slightly more than $4,000 from the December 2004 high of $269,875. Market-Basket homes spent an\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":175,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/175\/market-basket-of-homes-values-down-183-on-slow-sales\/","url_meta":{"origin":460,"position":5},"title":"Market-Basket of Homes: Values down 1.83% on slow sales","author":"Greg Swann","date":"August 5, 2006","format":false,"excerpt":"Market-Basket of Homes: Values down 1.83% on slow sales The July BloodhoundRealty.com Market-Basket of Homes is available. Prices down, sales volumes down, but -- interestingly -- inventory is down. 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