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The Steven Senter Real Estate Team
"Because Your Real Estate Experience Does Matter"
- 1 Answer
- 17 Listings
Locations:
Profile Link:
Experience:
OP/Broker Owner for Keller Williams Realty
January 2005—present
Real Estate Broker for Re/Max Excels
August 1996—December 2004
Specialties:
investments, property management, syndication, luxury real estate, commercial real estate
Certifications
& Awards:
& Awards:
Top 40 Under 40
Interests:
boating, biking, tennis, reading, investing & flipping properties, remodeling
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About:
Steven Senter, Broker/Owner of Keller Williams Fox Valley Realty, has been in the real estate business since 1995 and received his broker's license a year
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The Steven Senter Real Estate Team answered:
Helen,
You are not alone in your predictament, that is for sure.
Unfortunately, an appraisal from a year ago, as you now have experienced, simply does not reflect the current value or that price which a buyer is willing to pay.
At this juncture, it seems you need to determine at what price you are willing to sell your current home, i.e. the very bottom line, and then have a trusted local real estate professional provide you with "now" numbers. If the bottom line can be met, then go for it. You'll probably make up the difference on the purchase anyhow. Otherwise, you should probably hold off selling until the market will bare your pricing needs or the pain of staying in your current home becomes too great.
You are not alone in your predictament, that is for sure.
Unfortunately, an appraisal from a year ago, as you now have experienced, simply does not reflect the current value or that price which a buyer is willing to pay.
At this juncture, it seems you need to determine at what price you are willing to sell your current home, i.e. the very bottom line, and then have a trusted local real estate professional provide you with "now" numbers. If the bottom line can be met, then go for it. You'll probably make up the difference on the purchase anyhow. Otherwise, you should probably hold off selling until the market will bare your pricing needs or the pain of staying in your current home becomes too great.
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