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Showing posts from August, 2020

What Is Your House Value?

I watched a youtube video once about a house in an abandoned city going for $1000. Nobody bought it after a year. So is LOW PRICE the key to sell property? What is the right price for a property? Is it Based on comparables in the area? Based on facilities? Based on home condition and renovation? Based on location and view? Based on emotional connection & perception? Based on feng shui and direction? Above are all true. A house may be of different value to different people. On one hand, when something does not tick a buyer's box, the value of a home in their mind will go down. Home is facing another house? "I can accept this, but the price needs to be lower." On the other hand, when a home is priced lower than other houses in the area, this house is perceived as greater value by a larger pool of buyers. The more buyers view a home, the greater the chances to sell. How about houses with great renovations? They should be priced higher than a basic house. But how do you d