What Your Home Value is NOT Based On
Posted by Jonathan J. Miller -Monday, January 16, 2012, 7:59 PM
4 Comments
These are a couple of screenshots from my friend, real estate agent and former appraiser, Mike Lefebvre in Massachusetts who always beats to a different real estate drum. Big on technology and marketing, he succeeds at getting under the skin of appraisers and real estate agents in search of the right answer for his clients.
While watching his video on his web site FSBOSherpa.com, I grabbed some screenshots (above) that struck a chord with my appraisal sentiments.
For me the most important thing is the location. And I am able to make my own price… of course that market has the first word.
And not what it’s assessed at.
Love it – added to the list.
Had one elderly widower ask me how much he would have to list his house for so it would NOT sell? That’s a twist but he said he only wanted to list it to get his kids off his back. They wished he would move closer to them to make the trip to see him shorter. He did not want to move but was listing to appease them.
The number of kids in an estate sale multiplied by $20,000 a piece is not a valuation axiom either. Or making enough to get your kid through four years of an expensive college on top of the actual house value is great, flawed thinking too. Nice approach, doesn’t actually work that way.