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55364 : Real Estate Advice

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  • Home Buying1
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Activity 2
Aaron and Ch…, Real Estate Pro in Eau Claire, WI
Mon Oct 14, 2013
Aaron and Cheree Tiry answered:
This post came through but didn't contain any question.
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Todd Norsted, Real Estate Pro in Maple Grove, MN
Fri May 2, 2008
Todd Norsted answered:
Hi Anne...There are a host of websites that claim to be able to give you market value on your home, but experience dictates that they aren't reliable in terms of thier results. I recently did a market on a home where the Seller found his market value at 329,000, and I had told him it would sell at 285,000. Consequently, he listed at 329,000 with another agent, and because of his starting out over-priced, he had to chase the market down and ended up selling at $280,000. Had we listed at $289,000, where I had said, more than likely, it'd have sold at $285,000. So, moral of the story, don't start to high and don't beleive website values! Have a realtor or two do a market analysis on your home!

Thanks, Todd Norsted
... more
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