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Answers (1)
- Nancy Davis, "Nancy L. Davis"
- Contributions:2
Dear Fronklin,
Since I put in Dublin, Ohio and your question came up I'd like to answer your question. First off Zillow from my point of view is showing general market trends and values they have general information regarding population, income, schools and amenities. Many buyers especially in this market feel they know everthing about real estate and depend on market evaluations of property as their starting point when making an offer. I've been in real estate a number of years and educate my buyers that the market value of a home is what a seller is paying on taxes not the value of a home. It's about location, square feet & amenities. I'm sure you realize at this time due to the economy it is a buyers market and sellers have lowered their prices in order to sell. This doesn't mean it's a fire sale!! When I'm selling a home I usually get comparables on square ft. bedrooms, baths, finished or unfinished lower level, garages and most importantly the location. Another added factor is advertising, marketing and staging if needed. You mentioned your home is on a golf course, updated with a 3- car garage--that goes a long way with buyers but most importantly it's usually the staging that makes the difference. I always tell my sellers that we all live in our homes but when we market their home we have to show it as a home that buyers feel they can just move into. That's the nature of real estate today- very competitive. My team and I sell homes rather quickly, primarily due to my stagers & contractors, they make a big difference in bringing buyers to your door!
Hopefully I explained a bit of how marketing & staging is the key and it answered some of your questions.
Thank you,
Nancy
Since I put in Dublin, Ohio and your question came up I'd like to answer your question. First off Zillow from my point of view is showing general market trends and values they have general information regarding population, income, schools and amenities. Many buyers especially in this market feel they know everthing about real estate and depend on market evaluations of property as their starting point when making an offer. I've been in real estate a number of years and educate my buyers that the market value of a home is what a seller is paying on taxes not the value of a home. It's about location, square feet & amenities. I'm sure you realize at this time due to the economy it is a buyers market and sellers have lowered their prices in order to sell. This doesn't mean it's a fire sale!! When I'm selling a home I usually get comparables on square ft. bedrooms, baths, finished or unfinished lower level, garages and most importantly the location. Another added factor is advertising, marketing and staging if needed. You mentioned your home is on a golf course, updated with a 3- car garage--that goes a long way with buyers but most importantly it's usually the staging that makes the difference. I always tell my sellers that we all live in our homes but when we market their home we have to show it as a home that buyers feel they can just move into. That's the nature of real estate today- very competitive. My team and I sell homes rather quickly, primarily due to my stagers & contractors, they make a big difference in bringing buyers to your door!
Hopefully I explained a bit of how marketing & staging is the key and it answered some of your questions.
Thank you,
Nancy
How do you stay current on updates to the home?
I have updated ALL areas of my home and it will present itself very well on the market, but it will be a tough sell against the market appraisal. I'm on a prestigious golf course with a three car garage and 1st floor master, yet my market valuation has dropped precipiously.
Do you get such information prior to posting your valuations? How can you compare a house selling with nothing done to update it in 25 years with a similar house totally updated?
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