Quote:
|
Originally Posted by Cimarron29414
Are you trying to determine what price to use when you put your house on the market as a F.S.B.O.?
|
Yep. What I did was go to a homevalue site, get a list of all the places that sold within a mile of us over the last year, and do a multiple linear regression on size, number of bedrooms/bath, and plug our data into the equation. Then I had a meeting with a couple of real estate agents. We put it on the market for about $10K above what my equation said, and about $10K below what the agents said they would want to list it at.
We live in a subdivision that was built just after Hurricane Andrew (about 12 years old) with fairly similar houses, but the sales recently have been extremely variable, without much explanation. The two most recent sales were a little crazy, with the big house selling for $20K less than the small house (about 600 sq ft smaller), but both were built the same year and were in excellent condition. The big house was sold with a national company that gets a flat fee, so apparently that was the reason they let it go for less.
Thanks for all the replies . . . just checking in again after the break.