Why You Shouldn’t Overprice Your Home

The average homebuyer is going to value their house far above what its actual worth is. This is due to the many emotional attachments that they have with that home. It isn’t common for someone to overvalue their house but when they actually list it on the market, chances are that it’ll be looked at as overpriced. If you want to avoid all of the pitfalls of pricing your home to high, here are some tips that will help you out.

No Deal

One of the problems with overvaluing your house is that most buyers aren’t going to pay with cash, they’re going to need a mortgage to afford it. In order for them to receive that mortgage, the house can’t be priced over what the current market value is. Banks and lenders are becoming pickier over who they approve for a mortgage. Even if there is an agreement between you and the buyer, there is a high chance that it won’t follow through because the bank won’t approve it.

Depreciation

One of the worst things that can happen to a home is for it to sit on the market without any bids. In most cases, sellers that overvalue their home will risk it languishing for weeks, or worse months. Once a buyer sees that a home has been listed on the market for months, they’re going to throw a bunch of lowball offers at you, insisting that you’re going to need the home taken off sooner or later. You can go for the home run and risk the amount that you’re going to receive, or you can play it safe and come out with, still, a positive gain.

Bio: Kuba Jewgieniew is the CEO of Realty ONE Group, a real estate brokerage firm that offers their team goal-driven, entrepreneurial associates the opportunity and tools to achieve the highest level of success in today’s competitive real estate market, with the support of our knowledgeable and experienced management team.

Important Lessons to Learn from Len Blavatnik

Article by Access Industries

When you think of Leonard “Len” Blavatnik, there are probably a number of things that come to mind. Obviously, there’s Blavatnik, the entrepreneur. After all, he’s been hugely successful in a number of industries thanks to his company, Access Industires.

There’s also the Blavatnik who is clearly also a big fan of education. Aside from his own education, which involved some of the best schools on the planet, the man also gives back to schools like Harvard.

Then there is Blavatnik, the philanthropist. One only has to look at the Blavatnik Family Foundation to see his dedication to helping others in a big way.

Aside from admiring the man, we should also look to learn from him. Blavatnik was not born wealthy, but he did work hard at cultivating an impressive work ethic (clearly).

He has spread that success around as much as possible. This doesn’t just mean philanthropies either. Blavatnik’s Access Industries helps tons of people by supplying amazing products and services as well as employing thousands.

The CEO also isn’t bound by any type of border as his influence can be found on just about every continent. That’s the kind of attitude that belongs to a visionary like this man.

While it’s easier said than done, it’s worth working toward trying to emulate the man.

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There are many things that are near and dear to Len Blavatnik. Harvard is clearly one of them, which is why he’s given the school millions. The founder of Access Industries also has his Blavatnik Biomedical Accelerator there too.