However, a GOOD AGENT is not the problem.
The problem is you can't find an agent willing to dance to your tune.
That is an entirely different issue.
"YOU NEED TO LOOK AT WHAT YOU ARE GETTING IN THOSE HOMES."
Seems simple enough. You suggest valuing based on tangible assets.
What a great idea.
But you actually need to go to the house to do that task property. I do that for buyers and sellers who have committed to work with me, not to folks who have made no commitment. For these non-committal souls, publicly available data, such as SF and community will have to suffice.
So. stop asking agents what they think a house is worth and apply the value you believe those tangible assets are worth. That should work...right?
I recently published on Trulia a Market in a Minute for the community named Lakeside Terrace.
Community trends and tangible assets of a specifc house (CIS Score). Here's the rub, it matters not what value folks place, the buyer will assign the value they choose. In this example the buyer assigned a very high value to a very worn out house. So, it the buyer to blame or the agent who suggest such a price or the buyer agent who failed to sink the deal?
The tangible assent valuation model was not even close to the sold price.
It is clear YOU think pricing a house is science, driven by the data, exact... you know..."look at what you are getting.." but folks thinking this way do not often prevail when others are buying the potential.
So Forgetaboutit, what value will you assign to potential?
There is actually an answer to that, but it an intangible feature and does include SF in the algorithm.
in produces an observable outcome. Your model would be blind to this component.
What do you think? What is potential worth?
I agree with what you are saying. Different agents are going to have different opinions. It is the same as an appraisal. You hire 10 different appraisers you may get back 10 different values. There are so many factors that go into comparing properties. I would be happy to talk with you in more detail just give me a call.
Tiffany Carlson- Richison
Realty One Group
Awarded as a Top 40 Agent under 40 in 2013 and 2014 from SEVRAR
Awarded 2014 REAL TRENDS America's Best Real Estate Agents in 2014
I have helped a lot of clients that come from bad previous experiences...
Let me know if you have any questions!