Friday, May 8, 2020

Can You Use The Value An AVM Provides To List Your Home?

You can do whatever you want when you list your home for sale! It's your home!

But, on that, this post is really a reminder why the AVM (Automated Valuation Model) is just one piece of the puzzle when determining the price you should list your home for.

Are you located up against a busy street? Zillow's pricing robot doesn't know that. Do you have an amazing view? Trulia's robot doesn't know that either. Did your neighbor that sold two weeks ago have an incredible pool with built-in BBQ in the backyard? Redfin's robot certainly doesn't know that. But, hey, those AVM's on those top "buyer looking for a home" sites, are waaaaaay better than they used to be!


So, you reach out to your trusted Realtor (ME) and we show you all the sales data that relates to your home. Like amenities, room count, views, upgrades, lot size, location in community, RV/garage space, and much, much more! Do you happen to be near a school? Near or 2 steps away? Makes a difference. Proximity to shopping? Walking distance....or backed up against the local Vons parking lot? Oh lordy, makes a difference. Is that cul-de-sac dead end supposed to be expanded in the future? AVM's don't know all this. But your local Realtor should.

And, your trusted, local, Realtor will then make a suggestion on a list price for your home. A suggestion. That's part of our job. Then, you decide what you want to list it for. And, we go to work trying to get you the best possible sale price for your home. Now, if you want to list it 50k over where your Realtor suggests your 325k condo should be? Honestly, I won't even take that listing. Sellers have to be reasonable. And, if they list a smidgen too high, be prepared to reduce your price. And, trust me when I tell you this....It's so much harder to 'give-up' money on a list price than it is to price it right and get offers over list price. Like a sweet little present you weren't expecting vs. losing what you didn't even have.

I'm happy to answer any questions, bounce ideas around, chat Real Estate and puppies! JK, Real Estate all the way. Well, puppies, and water color painting....yeah, I like talking about those things too!

~ Lauren Witz Greber ~ Wiz Real Estate ~
~ Lauren@KeepYourWitz.com ~ (661) 313-5470 ~


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