Joe Jarusinsky, REALTOR/Master Instructor, Keller Williams Realty (you can click on my name to the right to get all my contact info., etc.)
Also, I know there have been several short sales and foreclosures in that neighborhood so perhaps that is the reason for such a large price difference between the homes? Homes in Steiner Ranch with a pool have sold on average at $133.93/sq. foot. (The high end is $182.92 and the low end is $108.65 over the last 3 months.
You can also contact Brian Talley 512.554.9714 who is very familiar with the area, I'm posting his website as a helpful link for you.
Best of luck!!!
As far as how an appraiser arrives at value, the value of a pool itself is not as much as previously stated, although it varies based on the value of the house. I took a look at a few appraisals that I had for some of my recent clients, and all adjustments vary. On a $665,000 value, the inground pool adjustment was $15,000. On a $1.6 million house, the adjustment for a superior location was $100,000, which on a $630,000 value, only $36,000 was deducted because the house backed an interstate. As far as lot size goes, one of the issues I have seen is that the adjustment for lots is based strictly on square footage, whether one is a perfect square and one is hilly makes no difference. There are certain other things that are also left to appraisers interpretation. Some will deduct for houses on a corner property, or add for a house in a cul-de-sac.
If you'd like me to help you get this home closer to a price that is comfortable for you, just email me (or call) and I'll get it for you on "performance based" conditions.
People hire me from all over to do this. You have nothing to lose, that's for certain.
If you are currently working with an Agent, we can discuss delegation between us for an excellent partnership experience.
Again, my results are performance based, so you have nothing to lose.
email me direct here with your info on this and I'll take a look for you to see what I can offer.
Hello. First you have chosen a great community. Steiner is one of Austin's most sought after subdivisions. It is very imporatnt to make sure you pay a fair market value for your home. You never want to be the most expensive home on the block, because when you go to sell your home in a few years, you may have trouble selling it, and if you over pay today, you may lose money tomorrow, a great example would be looking at the California real estate market.
If you would like for me to do a Comparative Market Analysis, I will need more info to be able compare this property to other similar SOLD properties. You can do some home sales research by visiting; http://www.buyershouserealty.com/hvalue.shtml. If you want me to do a more detailed analysis send me an email with the address at Gavin@Buy75.com
Keep in mind that BuyersHouseRealty is the virtual evolution of real estate. We believe in educating our buyers, and we pay our buyers for their education. Learn more>>> http://www.Buy75.com
Happy House Hunting,
"Why Buy Any Other Way"
2. If it does appraise and you overpay now, you will surely lose money when you go to sell in the next 7-10 years or so in a more normal market.
3. A lot of your question depends on the type of pool and the view, but it sounds like you're an extremely motivated buyer and the sellers are not motivated at all. Bad combination and someone ultimately loses. I would hate for that someone to be you.
Take some time and really think this over before moving forward.
Guy E. Gimenez ABR, CRS, GRI
Broker / Ownerr
The PowerHouse Group
Guy E. Gimenez ABR, CRS, GRI