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Answers (4)
- johncap523
- Contributions:120
This is a truly unique property that is very difficult to value. Online (electronic) valuations like Zestimates can only discern values from static data like size, number of bedrooms, acreage, etc, they can't digest subjective nuances like this being a restored barn, etc. They simply take the input and compare it to other listings and properties in the given geography. The MARKET WILL determine, ultimately, what the correct value is based on the number of showings, feedback, and eventually what it sells for. A good Realtor will guide sellers through the process with a strategy designed to constantly measure those tangible market effects on a given property. Alas, some people think going it alone, and in some cases allowing their emotionally-tainted perspective on their property to guide them is most effective. The subject property has now been listed 7 times with a limited service company so the amount of actual marketing of the property and a specific strategy for getting it sold, as well as meaningful input from the "market" may be lacking.
- Nancy Lee, "An OrderLee Home"
- Contributions:1195
I think it is wonderful that owners (builders, flippers, investors, residents) are free to market a property at any price they choose. And buyers are free to look or ignore it.
Look at the zestimate value range - it is huge. Which implies the zestimate is truly a guesstimate and so should not be considered by anyone looking for houses in that location.
Look at the zestimate value range - it is huge. Which implies the zestimate is truly a guesstimate and so should not be considered by anyone looking for houses in that location.
- suz68
- Contributions:2
75 Ridge Rd Phoenixville, PA
- wetdawgs
- Contributions:26768
Your comment is not associated with a specific property.
How is this home worth this kind of money in this market...or any for that matter?
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