The Economics of Our Decisions
I find the discipline of economics intriguing and how the science becomes involved in most of our decision making. The laws of economics impact every level of society from government, to businesses, households and individuals. The study of consumption behavior plays a central role in economics. Most consumers make rational decisions about the products and services they purchase based on value and preference. Generally, consumers are trying to get the most for their money. In economic terms they are trying to maximize total utility, or satisfaction, given their budget constraint.
Using My Knowledge of Property Value & Home Improvements for Seller Benefit
My overarching goal when working with my sellers is to sell their home at maximum price, in the shortest time frame, and do it in the most professional and efficient manner while safeguarding their best interests at all times. Two components of my guiding principle involve price and time on market and that's by design. The price at which the home sells and the length of time in which it takes to receive a ratified contract are of utmost importance to almost all sellers. It's my job to explore all options that maximizes price and reduces time on market.
The Power of Six
There are many examples of how factors of six can be very powerful. For example, bees construct their hive in the shape of the six-sided hexagon, because the hexagon is the most efficient, least wasteful shape found in nature. There are examples in business too. There is a Big 6 in media - GE (NBC), Disney (ABC), CBS, News Corp (Fox), Time Warner (CNN) and Viacom. These six companies control over 90% of our media - what we read, watch or listen to. There is also a Big 6 in high-tech. Amazon, Apple, Google, Microsoft, Facebook and Netflix touch nearly anyone with a smartphone or computer. They have a combined market capitalization of $4 trillion - these six companies represent only 6% of the Nasdaq 100 companies, but carry nearly 40% of the index value.
What is a Guaranteed Home Sale Program? A Guaranteed Home Sale Program is a promise by a real estate agent to do something (usually sell a home within a specific time frame, or above a certain price) and if what's promised doesn't occur, then the agent guarantees to do something in return (usually sell your home for free, or even buy it themselves). The programs can be marketing eye candy for consumers. However, once a consumer better understands the conditions associated with the guarantees and remind themselves of the obvious - agents generally are not in the business of buying a seller's home, nor are they in business to sell a home for free - then the value of these programs have a tendency to quickly disappear. Here are some of the programs currently marketed by certain agents in the Northern Virginia region.
Most Important First Step is Selecting a Realtor®
Whether you're a first-time home seller in Northern Virginia, or you have sold multiple homes in your lifetime, the process of selling a home can be involved and time consuming. It requires the help of an experienced real estate professional. The life change that brings a seller to the decision point to sell their home is as important as the process of selling the home itself. Both the seller's decision to sell and the actual process of selling are integrally connected and require the utmost attention and care from the right real estate professional.