What's Your Home Selling IQ?

Dated: December 3 2020

Views: 4

What’s Your Home Selling IQ?

 Take the home selling IQ test below to find out how well you know the keys to selling your home quickly and for the highest price?

1.  The most important home improvement to sell efficiently and for the highest price is:

a.     Add French doors to the master bedroom
b.     Bake cookies during an open house
c.     Thoroughly clean and regularly maintain the cleanliness of the homed.     
d.      Make sure there are pets in the home to increase the “cuteness” factor

 2.  Zillow Zestimates are accurate approximately ______ percentage of the time?

a.     68%
b.     32%
c.     98%

 3.  The two most accurate ways to assess a home’s market value when you’re determining a listing price is:

a.     Talk to neighbors,  Check list prices of other homes for sale in your zip code
b.     A comparative analysis by a Realtor®, An appraisal by a licensed appraiser.
c.      Your gut feel for what you believe your home is worth, Talk to neighbors

4.  The home improvement likely to provide the greatest return on investment is:

a.     Add a pool
b.     Add animal trophy heads to the den to show how accomplished you are
c.     Turn a carport into a garage

5.  A home priced over market value will likely remain on the market:

a.  a shorter period of time and sell for closer to the list price
b.  a longer period of time and sell for significantly lower than list price

 6. When determining a home’s market value, it’s most important to know what  other homes have sold for in: 

a.   the same subdivision
b.   the same zip code
c.    the same city

 7.  The typical (selling season) in Arizona begins in:

a.     February
b.     May
c.     September

 8.  When determining the market value of a home, it’s most important to factor in a similar number of:

a.     Pets who have lived in the home
b.     Stories or floors to the home
c.      Homes sold in the neighborhood

 9.  Having a Realtor® represent you in the sale of your home will likely net ___% more for your home:

a.     2% – 5%
b.     5% – 7%
c.     10% – 15%

 10. Right now, the statistic most strongly influencing the number of  days your home will be on the market is:

a.     Overall absorption rate for the valley
b.     Whether your home falls into the low, mid, or luxury price market
c.     Sales volume in your neighborhood

11. The lowest cost improvements to your home that provide the largest return on investment are:

a.     Painting , cleaning, and  improving curb appeal and backyard privacy by adding landscape foliage and color
b.     Cleaning, adding a new roof, and baking cookies at an open house
c.     Painting, lighting candles to mask pet odors, and adding garage cabinets

 12.    The “incurable” condition that will take the biggest toll on the value of your home is:

a.      two story homes behind your home
b.      a small lot
c.      low ceilings

Answer Key:  Give yourself 4 points for every correct response:

1.     c               4.   c                7.   a                10.   b

2.     a               5.   b              8.   B                11.   a

3.     b               6.   a              9.   C                12.   a

 

0 – 12  LOW IQ  You are at risk for a long and low priced sale

13 – 24  MID-RANGE  Read more of my blog posts and seller pages

25 – 48  HIGH   You are a home selling GENIUS!

 Regardless of YOUR score, when you’re ready to sell your home, call Sharyn Younger!

Blog author image

Sharyn Younger

Family, Community, Home, Helping. These are the things at the core of who we are. As a home buyer or seller, that means YOU are among our highest priorities - whether you're a first time home buyer, i....

Latest Blog Posts

Know Before You Go: Questions To Consider When Buying A Home In An HOA Community

Before Buying In An HOA Community Ask These QuestionsSo you’ve bought a home in an HOA community. Be prepared for LOTS to read and know what to look for to avoid future problems. The most

Read More

A Modern Bath Remodel

21st century master bath remodelOk, here’s my opportunity to have my say…not what the fashionistas say…not what my clients say…not what my broker tells me. I’ve been

Read More

You MUST Have Your Realtor With You The First Time You Visit A New Build Community

Enter A New Build Home Sales Office Without A Realtor At Your Own Risk!It seems like you can’t go anywhere in the valley these days without running into construction – street widening,

Read More

Understanding Earnest Money In A Real Estate Transaction

What is earnest money and why do you need it?What is earnest money and why do you need it?If you are planning on buying a home, there are some up front, out of pocket expenses you will want to be

Read More