Your Best Open House When Selling Your Corona Home Is The Internet. Wondering how this could be the case? The evidence is all available in black and white. The 2011 National Association of Realtors Profile of Home Buyers and Sellers shows that 40% of home buyers and sellers first learned about the home they purchased via the Internet. The only thing that was even close to the Internet in the method that buyers learned about the home they purchased is their real estate agent. 35% of buyers found their home due to their real estate agent.
Let me assure you, that even when those 35% of buyers who found their homes due to their agents had the help of the Internet most likely. why? Because most real estate agents utilize their local Multiple Listing Service (MLS), this means that those agents have seen your Corona home for sell on the Internet. To find their home, 88% of buyers reported that they used the Internet and 87% said they used a real estate agent. While buyers did still report using open houses to find their home, only 45% reported utilizing this method comparatively.
The days of a traditional brick and mortar open houses is quickly fading. This is due to such advances like video tours, You Tube 
videos, blogs, etc. With a multitude of mediums for showcasing a home on the Internet, all it takes is a little techno know how and your real estate agent can hold an online open house for you 24 hours, 7 days a week. So which would you rather have? Would you rather have an open house once or an open house every day, any hour of the day at a buyers convenience?
When a home seller elects to over price their home, unbeknownst to them or even most buyers a little thing called the “Principle of Substitution” rears its ugly head. We actually utilize this principle all the time and just don’t realize it. We call it comparison shopping. We do it with everything from the shoes to tires to houses. The Principle of Substitution basically states that a buyer will not pay more for a particular property if it costs less to buy a similar property of equal utility and desirability.
Because in reality we know that no two homes are exactly the same, your Real Estate agent must conduct an analysis and comparison between homes. Differences are then calculated. So differences between amenities, features, lot sizes, etc. are all taken into account. Such an analysis is crucial to ensuring that a home seller does not over price their home. There are many factors that go into pricing a home. The reality is that in the end, every home is only worth what the buying public is willing to pay. Make sure to price your home at a price that is truly commensurate with the buying public. Don’t let home over pricing cost you greatly!