Is Your Address The Reason You Can’t Sell Your House?
Find out why the numbers on your house could make or break the sale of your home.Playlist
When it comes to selling a home, having certain “bad luck” numbers in your address – or in the listing price – can literally make it harder to sell. And certain “lucky” numbers can attract more buyers, and get you a higher sale price.
Here are three interesting examples: In Chinese culture, the number 8 is considered lucky, because the Chinese word for “8” sounds like the word for “wealth” and “prosperity.” But the number 4 is believed to bring bad luck, because it sounds like the Chinese word for “death.” And according to real estate agents, 85% of their Asian clients avoid the number 4 at all costs.
That’s why, 20% of listings have an 8 as the last number of the price before the zeros – like $328,000. Buyers also often go out of their way to obtain a lucky address. And will often pay as much as a 3% extra if the address ends in an 8.
Another common real estate number? 7. In Nevada – especially Las Vegas – lucky number 7 often helps sellers unload their property. Statistics show that listings ending in a 7 are 37% more common in Nevada than in the rest of North America. And it’s very common for a price to end in triple-sevens, which is the traditional big payoff for slot machines.
One final example of lucky numbers showing up in home listing prices: 316. In the Bible Belt, homes are 27% more likely than in other areas to include the number 316. It refers to the one of the most-quoted Bible verses: John 3:16 – which starts: For God so loved the world, that he gave his only begotten Son.