Beth Richardson

Real Estate Made Real Simple

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How is pricing arrived at?

Even though the folks at zillow are trying to convince the public that price can be determined by a mathematical algorithm, it isn’t that easy.

Here are the factors that impact price:

  • Location, location, location!
  • Square feet
  • Condition (beautifully staged or decorated from the 1990s? I can hear the young couples saying it looks so old fashioned!)
  • Amenities

You can see that square footage is the only objective criteria. Everything else requires an artist not a scientist to determine value!