Veros’ Chief Economist, Eric Fox, and Senior Research Economist, Reena Agrawal are back for their third edition of RiskWire: On the House. This time around, they are building off their second episode, “How Much is My House Worth”, by talking about exactly who is the most knowledgeable when determining the value of a home. They look at the perspectives of buyers, sellers, and agents, as well as provide personal anecdotes supporting their claim. Here are a few key takeaways:
Episode Highlights:
- Real Estate Agents can be both reliable and unreliable depending on how well they know your neighborhood/specific market. In Eric’s personal experience, his real estate agent was very familiar with the area, resulting in his house selling quickly and above asking price.
- Reena details her own personal story, talking about an agent she dealt with, that didn’t have her best interests at heart. She emphasized the idea that agents too have their own agenda at times, and it’s not always getting you the best deal possible.
- Sellers don’t always have an accurate grasp of the market value of homes. Through looking at MLS data, Reena discovered that in Jupiter, Florida, there are stark differences in list price compared to actual sale price.
There are numerous differing perspectives on the true value of a home. Find out who has the most reliable insights in this episode of RiskWire: On the House! Don’t miss out – watch it now: Webcast & Interviews – RiskWire, powered by Veros
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