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The Objective Truth: Getting the Best Price for Your Home

by on May 12, 2010
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When it comes to home buying and home selling, we all want clean, clear information that can help us make informed, smart choices.

Real estate professionals have access to numbers that can help define value and market trends, but — like anything — numbers can be manipulated to serve biased opinion.

Nick Segal Leans Into It 200x135 The Objective Truth: Getting the Best Price for Your HomeAt our brokerage, we’ve found a powerful way to address this valid and healthy skepticism: we present simple, accurate market statistics for a specific market, as a benchmark and relate that to the price-point of interest (the price at which a buyer or seller is hoping to pay or receive).

To put it another way, we find out how many homes in a specific location or market are available for sale, in relation to the number of homes currently in escrow, plus the number of homes that have sold within the last 90 days:  and that, my friends, is how you get to the real pulse of any market.

Getting to The Objective Truth

I don’t care what part of the world I am in. If I am provided with this simple, statistical information, I will immediately be able to assess:

1. If it is a buyers/sellers market, and

2. What sort of negotiating strength I have as either a buyer or seller.

Because in the end…numbers don’t lie. The market is what the market is.  It’s the interpreters that you have to watch out for.

This is the reason that, at our brokerage, we make sure we know that our role is to present information in objective fashion, and then use that data to create a solid strategy with our client.

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Nick Segal is President of Partners Trust. He loves chili-cheese hot dogs, and has been known to hit golf balls down the office hallway while speaking on the phone. You can connect with him on Facebook.

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Comments   |   Add Yours »

  1. nick segal says:

    I want the Truth, darn it…the truth!

  2. Mike King says:

    It is liberating to sit in front of sellers and know that you will tell them the truth, even if that means walking away from the listing.

  3. Dana Cataldi says:

    Even if your sellers have a specific price set in their mind, I find it helpful to support my pricing opinion with enough comparables to read this changing market. Thanks Nick!

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