Skip to main content

Value of House/ Selling Mid September

I spoke with some realtors a few years back, while in the process of doing some updates on my house, about putting it on the market. The one I spoke with most recently was from a discount brokerage. I was honestly very confused about the price she arrived at for my house at the time. She wanted to list it for $70,000 less than a house down the street had just sold for. It is the exact same model and age as mine, with a finished basement, which I don't have.

I have a corner (larger) lot, new quartz countertops (theirs were builder grade old time laminate), and hardwood floors vs their carpeting. My place has mature flower gardens and a park like setting with trees and concrete walkways in back (vs. their sad looking lawn), a gas fireplace, in ground sprinkler system, a smart thermostat and ceiling fans. I'm across the street from a small park with tennis courts and a playground, while the other place is hemmed in by houses on all sides.

At the moment, the market in my area is so hot, houses are going under contract a few days after being listed and I am keen to get my place on the market. There are not many others for sale now. It's going to take me until about the 2nd week of September to get it listed. Obviously, I won't bother with that realtor again, but wonder if anyone has thoughts on the value of my house vs. the other one. I'm also interested in what people think about the Sept listing date.

submitted by /u/planetarypunch
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/i0eek8/value_of_house_selling_mid_september/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more