Three agents. Same property. Appraisals that differ by $40,000 to $60,000. It happens more often than vendors expect, and when it does the instinct is to assume someone is wrong. Usually no one is. Appraisal is interpretation, and interpretation produces a range of legitimate conclusions from the same evidence.This is the moment that confuses most
Adelaide Median House Price - Why Affordable Suburb Data Looks Reliable and Often Is Not
There is an irony at the centre of how first home buyers use property data. The buyers who rely most heavily on suburb medians to make their decisions are typically researching the suburbs where those medians are least reliable.A median figure for an outer affordable suburb sits alongside a median for an established inner suburb in every property r
Home Staging - What Vendors Get Wrong About Why It Works
Most vendors who invest in home staging think they are paying for their property to look beautiful. They are actually paying for something more specific - the removal of reasons buyers use to justify paying less.That reframe changes how the staging decision should be made. The question is not whether the property will look impressive at the open in
Real Estate Commission - The Number Vendors Focus On and the Number That Actually Matters
Most vendors spend more energy negotiating the the agent commission than they spend evaluating whether the agent can actually negotiate on their behalf.That focus is natural. Real estate agent fees are the most visible line item in a property sale. Expressed as a percentage of a number that does not yet exist, commission feels like the one variable
How Much Is My House Worth - The Appraisal Gap Most Vendors Do Not Expect
Most homeowners who invite three agents to appraise their property expect the numbers to be close. They are rarely close. A difference of $30,000 to $50,000 between the lowest and highest appraisal on the same property is common. A difference of $80,000 or more is not unusual. And all three agents, when pressed, can produce a rationale that sounds