FAQ: How Does One Price a Unique Property?
By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Today, Karen Fiddler, broker-owner of a real estate firm in southern California wrote a great blog post, "When Do You Want To Move? The Science Behind the List Price." In the post she clearly explains how to figure out months of inventory, and how that can best be used to recommend a reasonable list price.In my area of California, the Peninsula from San Francisco to the Silicon Valley, we have an extreme shortage of inventory, with multiple offers the norm. When a property is unique in some way, finding proper comps to use isn't always possible, so as a listing agent I need to delve further.A recent listing of mine is a good example. This property, in Belmont, California is a 2-bedroom house per the County Assessor's office. However, it is over 2500 sq.ft. in size, far larger than any 2...
Comments
12