Thursday, January 11, 2018 / by Christine Andreasen
Today I’m excited to introduce the very first episode in a series called “Do the Math”, where we’ll be discussing the math problems that people don’t generally do before buying or selling a home.
Since a house is generally one of the biggest purchases someone will make in their lifetime, it’s important to “do the math” so you’re not leaving any money on the table.
Now, back to everyone's favorite subject. Math.
Before we get to this week’s example, however, I strongly encourage you to check out my book “Shortchanged by Shortcuts? 44 Surprising Ways People Rip Themselves Off When Buying or Selling Their Home”. It is full of problems that you need to take into consideration before buying or selling a home.
Let’s say two of my clients are out to buy a lovely house in Lynnwood. The house is being represented by an agent named Sally, who works for RedFin.
In the case of this particular house, my clients were not the only ones putting in offers. My clients put in a full priced
Sure, the property was sold over asking price, but by not calling around, Sally left money on the table. Why doesn’t Sally know how to do a bidding war? First, Sally works for RedFin. If Sally could get 3% commission, she wouldn’t be working for half that. If she isn’t good at negotiating her own salary, she’s probably not good at negotiating price.
Second, of the 23
That's why it's important to do the math.
If you have any questions, just give me a call or send me an email. I look forward to speaking with you!