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How can I adjust the listing price listed on my profile?

I've had 2 full service brokers in already to look at my home. I do not know where the listing came up with its numbers, but I am expecting between $750,00 and $780,000

Asked by Anonymous | Okatie, SC| 04-10-2022| 1,177 views|Selling|Updated 3 years ago

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Zoltan PeresztegiReal Estate Agent3 months ago

The platform mechanics are covered above, so let me address the harder problem, which is that you now have three different numbers and no way to tell which one is right. Where the number on a profile page comes from. Almost always an automated valuation model, which is software that takes public record data on your house, finds recent nearby sales, and does arithmetic. It never saw your house. It does not know about your renovation, your view, your lot, your club membership or your roof. In a market like Okatie these models are at their weakest, for three specific reasons: sales volume in any single community is low, the homes vary a lot in finish level, and amenity and membership structures affect value in ways no public record captures. So do not treat that figure as evidence of anything. It is a starting point generated without information. Now, the part that matters. Two full service brokers have already walked your house. You have their numbers. Your own expectation is $750,000 to $780,000. Here is how I would resolve it. Ask each of the two brokers, in writing, for the specific sold comparables they used, with addresses and closing dates, and their adjustments. Not their conclusion. Their work. A number without comps is an opinion. A number with three closed sales and stated adjustments is an analysis, and you can check it yourself. Then ask each of them a different and more revealing question: what do you think this house will appraise at. Agents sometimes shade a list price recommendation toward what they think you want to hear, or toward what will win the listing. Almost nobody shades an appraisal prediction, because they know a real appraiser is going to show up later and grade their homework. If their numbers are within about three percent of each other, you have your answer, and your $750,000 to $780,000 expectation should be measured against it honestly. If they are far apart, or if both are well below your expectation, order a pre-listing appraisal from a South Carolina certified appraiser. It will cost several hundred dollars and it buys you two things: a defensible number, and a document you can hand to a buyer's agent who argues price. On a house in your range that is cheap insurance. Two Lowcountry specific factors to make sure any valuation actually accounts for: Club or community membership. If your community carries an equity membership, a transferable membership, or mandatory dues, that materially affects both value and buyer pool, and no automated model handles it. Make sure whoever prices your home knows the exact membership structure and what transfers to a buyer. Insurance and flood. Coastal South Carolina insurance and flood zone designations have moved significantly since this question was posted in April 2022, and buyers now underwrite carrying cost as carefully as price. A current insurance quote and your elevation certificate, if you have one, are worth having in hand before you list. If your flood zone or premium is favorable relative to your neighbors, that is a selling point worth stating. One more thing worth knowing about your buyer pool. South Carolina assesses owner-occupied primary residences at a lower ratio than second homes and investment properties, which means an out-of-state buyer purchasing your house as a second home may face a substantially higher annual tax bill than your current one. If a large share of your likely buyers are second home buyers, get the actual number they would pay from the county before you list, so you are not surprised by it during negotiation. Buyers routinely try to reprice a deal when they discover it late. Note also that the question above is from 2022 and Lowcountry pricing has moved since. Any number in this thread, including the profile estimate, should be replaced with current data. I am a real estate professional, not an appraiser. If two experienced local brokers who have both seen the house are telling you the same thing and it is below your expectation, the difficult but correct move is to take that seriously and ask them to prove it with comps rather than to keep looking for a third opinion that agrees with you. I am Zoltan Peresztegi and I work Palos Verdes and the South Bay in Los Angeles, so I am not your Beaufort County agent. But the two questions above, show me your comps and what will it appraise at, work in any market and will tell you a lot about which of those two brokers you want. Zoltan

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Keith Jean PierreReal Estate Agent5 months ago

You would need to adjust the price in the MLS. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Kevin NeelyReal Estate Agent6 months ago

You cannot directly adjust the price shown on your own agent profile on FastExpert or similar platforms, because the listed price range is typically calculated automatically from your closed transaction history rather than entered manually. On FastExpert and most real estate directory platforms, the price range displayed on an agents profile reflects the range of the agents actual closed transactions in the platforms database. If your recent sales have shifted into a higher or lower price range, updating your profile typically requires closing more transactions in the new range over time, as the platform pulls from MLS-linked data. For platforms that do allow manual profile editing, look for the profile settings or account dashboard where you can update your price range preference or area of specialization. If there is no manual override, contact the platforms agent support directly. They can sometimes manually update the displayed range when the automated calculation does not accurately reflect your current market focus. For FastExpert specifically, contact their agent support team and provide examples of recent closed transactions in your target price range to support a profile update request. Kevin Neely & Kaitlynd Robbins | K2 Sells, Keller Williams Elite Partners

Lisa And Greg HarrisReal Estate Agent3 years ago

I believe that you are referring to online sites such as Zillow etc. These are not completely accurate as they have not walk through your home to know all the details. It also takes into account properties that are tranfered between family members for $5, or foreclosures, and so many other factors. A REALTOR would be able to give you up to date accurate info on the range of value on your home based on seeing it and comparing that to currently listed and closed homes similar. Talk to a REALTOR Or even an appraiser to have this value determined based on current market details.

Brian SullivanReal Estate Agent3 years ago
Novice7 Answers

I use a variety of information to come up with a value for a home. The first thing I look is the county records for previous sales of similar homes in the area. The condition of the homes, upgrades and location will all factor in to the decision making. Ultimately it is up to the homeowner to set the price of their home with good advice from a qualified agent.

Jean LewisReal Estate Agent4 years ago
Novice8 Answers

Anytime you see an estimated value for your home on a 3rd party website, you should be able to "Claim your Home" and update any inaccurate information.

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