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Morendil comments on Bayesian Reasoning Applied to House Selling: Listing Price - Less Wrong Discussion

1 Post author: byrnema 26 August 2011 11:43PM

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Comment author: Morendil 27 August 2011 08:47:04PM 2 points [-]

Have you watched one of those "reality TV" shows where they bring in a "consultant" to help people sell their home?

Trite as they may be as entertainment, they usually cover the basic items of procedural knowledge that apply to every house sale. Maybe it says a lot about TV audiences that there seems to be a need to go on for hours and hours about detail consequences of these things that anyone smart could work out for themselves, but if you watch just one or two I'm pretty sure you'll get useful advice.

For instance, one thing that stuck in my mind (and resonated with my experience on the other side, as a buyer) was that the more personalized, the more "you" your house reflects, the less a buyer will be tempted to make an offer. Sellers should remove items like family photos and well-loved but weird gadgets.