Seller price analysis is also available at www.iwanttoliveinflorida.com if you want to do it yourself online. It will give you some general idea of the value, but the best way is to contact a local agent who knows the market.
Century 21 Coast to Coast
Hello Markie: as your answers have already revealed, perhaps the "bucket" of $189,000 in Dunedin is not quite sepcific enough. A better question, and one which can be answered, might be: "What is the average days on market for the average home in Dunedin?"
This, I can answer--first, by establishing what the "average" home is in 34698: statistically speaking, the average home sold in the past 90 days in Dunedin is a 3 bedroom, 2 bath home of approximately 1638 sq. ft. Since 42% of homes within this comparable range (= or- 20% on size) did have pools, we will assume our "Average" home also is a pool home.
This average home (there were 48 of them, btw--between a list price of $50,000 and $395,000), was sold for $166,100 after spending 69 days on the market at a list price of $173,887.
So, your example of a "range" of $189,000 would be over average list and sale for this area, therefore the location and condition should be over average, if the home is to sell in 2-3 months. Currently, there are 168 homes which fall into this "average" bucket--48 sold, 8 pending sales, and 18 under contract (most likely short sales). 94 have been on the market for an average of 141 days.
It is different with every lender and circumstance but generally speaking you can expect a 75-200 point drop in your credit when doing a short sale. With a foreclosure it will more than likely be more. As others have mentioned the time until you can purchase again will also be longer.... more