Home Pricing Calculator

Jonathan Dalton, Phoenix Real Estate AgentRemember the post a couple of weeks ago when I talked about how you could sell your Phoenix real estate in a mere two weeks by pricing your property well below market value?

The folks at Political Calculations were reading along and created a calculator that will run the numbers for you based on my theory. If Zillow purports to provide a current value for the home, then this would be the equivalent for determining selling value – a decent place to start, but far from the definitive answer.

Real estate, after all, is local. In fact it’s often hyper-local. And as I’ve said many times, what applies to a home in Buckeye or Maricopa doesn’t necessarily apply to a similar home in Scottsdale or Glendale. That’s where incorporating the expertise of someone who knows the market and knows the area comes into play.

(At least I’d never hear a seller say, “but Political Calculations says I should be listing my home for $30,000 than you’re telling me.”)

Having said that, if this calculator blows up and the folks from Political Calculations end up with a few million in venture capital, I’d appreciate a small check as the original author.  A couple of hundred thousand would probably suffice.

[tags]Phoenix real estate, real estate pricing[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

0 Comments

  • Greg Swann 10 years ago

    Very cool! My hat is off to you!

  • Desperate S. Eller 10 years ago

    You are HURTING ME and the sale of my property. My neighbor’s Jisting price is lower than mine and they don’t even have a koi pond!!!!! WTF???? Now, thanks to your Jisting price, no-one is interested in buying my home. You will hear from my attorney. Shame on you for destroying innocent people’s most valuable asset; their home!

  • David G from Zillow.com 10 years ago

    😉

  • Ironman 10 years ago

    Speaking on behalf of the brain trust over at Political Calculations, if you could send those venture capitalists over our way, we’ll be happy to cut that check for you!

  • Jonathan Dalton 10 years ago

    Greg – Thanks!

    Desperate – Priceless

    David – Glad to see you!

    Ironman – You’ve got yourself a deal!

  • Jonathan Dalton 10 years ago

    Back to Desperate …

    There’s a glimmer of truth in the sarcasm. I’ve even heard it from other agents in communities where I have had homes listed … “don’t drop the price, you’re killing me!” My response: “then bring a buyer to the house. The seller needs to move.”

    In any given neighborhood, all of the for sale signs mean different things. Some need to move. Some want to move. Some, despite everything they’re seeing, still are testing the waters.

    If someone needs to sell they need to sell. It’s not great for the neighbors when the price falls off the map but that’s not necessarily the seller’s main concern.

  • Todd Tarson 10 years ago

    It is simple really. I ask the seller if he/she is interested in seller their home or their neighbors home.

  • Sandy Howard 10 years ago

    Cool, it’s always nice to get recognized. They picked up a much lesser RE tool that we did on how to compare the $/BTU of different heating fuels when buying a home. We were happy!

  • Jonathan Dalton 10 years ago

    Todd — I’ve used that line myself.

    Sandy — I love the calculators they come up with. Not sure heating fuel would do me much good in Phoenix, though. 🙂

  • Ironman 10 years ago

    Sandy,

    Let’s just say we’ve bookmarked it for future development. We moved the tool based on Jonathan’s math up in our queue given Austan Goolsbee’s article in the NYT.

    Added bonus: Associating Austan’s name with “fish slapping.” Makes for some interesting Google search results….

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