Remember 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]