Eight Strange Real Estate Tips and Facts

How was everyone’s weekend? I hope you were able to spend a lot of time resting and relaxing. Monday has come and now we must face the work week. Here is a little distraction from the Monday mayhem: this article I found contains some very interesting yet extremely random findings collected by Zillow’s CEO Spencer Rascoff.

Check some of these weird facts and tips:

  • The Starbucks Effect is something that happens to the price of the average house in the U.S. if it is close by to a Starbucks versus one not close to a Starbucks. In 1997, it was observed that the average house close to a Starbucks sold at $137,000 while the same house not close to a Starbucks sold for only $102,000. As fifteen years went by the average home price went up by 65% at $168,000 while properties near a Starbucks went up 96% at $269,000. Can you believe that?
  • Using words such as “unique”, “TLC”, “investment”, or “potential” in description sections could bring down sales prices by as much as 7% percent. Try to avoid using those words and instead use words like “luxurious” for bottom-tier homes and “captivating” for top-tier homes which could add around 8.2% onto your sale price.
  • Apparently three sevens in a row is an unlucky number because houses with an address that is 777 sell for 2.1% less than the original estimated value. Little weird, no?
  • Listing the price of your home with a 9 in the thousands digit such as $550,000 versus $549,000 could cause your house to sell 4 days to a full week faster.
  • Female agents tend to sell homes faster and for high prices. Now no offense to men, but women sure can get the job done, can’t they?

Check out the original article here:

http://nypost.com/2015/01/25/8-surprising-real-estate-tips/

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