Home Buying in Marco Island>Question Details

Smythe, Home Buyer in Marco Island, FL

If I only want to spend 135000 max on a two bedroom condo, how high (on average) can the listing price be?

Asked by Smythe, Marco Island, FL Sun Mar 11, 2012

straight sales- not short sales or foreclosures.

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Claudia Bruni’s answer
On Marco, you can find some 1BR and 2BR smaller condos for your $135K... but generally speaking, you could look for Listings up to 150K... Contact me, and I will find the best opportunity for you., Claudia Bruni, ERA Flagship 224-522-5227.
Have a great day!
0 votes Thank Flag Link Thu Mar 15, 2012
Please consider choosing a Realtor that is in an expert in the area and can advise you based on real life sales figures. If a building shows us units of a similar size and condition that sell for the range you are in, there is where you should start. Every building is different, and some have not had sales in a very long time. An are expert will encourage you to look in an area that will hopefully appraise, for a range of homes that the Sold Comparable numbers show you is a reasonable option. If you were paying with cash you would have more options.

You can look at the Marco Island condos for sale on my website- http://www.agent4naples.com/Web/AR419070/CustomContent/index…

If you wish to consider Marco Island Real Estate, or look at a condo in Naples please call me at your convenience- 239-331-2944
Web Reference: http://www.agent4naples.com
0 votes Thank Flag Link Wed Jul 25, 2012
Welcome to the Sun Shine State.
You've picked the 'perfect' time to buy a piece of Marco Island.
At this time there seems to be two markets. One market involves those pristine properties that are engaged in what we call the beauty pageant. The move-in, clean, updated homes, typically get near or above list price.

Then comes the others. The carpet is worn, there may be formica present, and those flourensents in the kitchen are hard not to notice.

You willl need to have a coversation with your real estate pro regarding your 'fix-up' tolerence and determine which market you are in. Now your agent can share with you the 'discount points' of the sold real estate. This is how far above $135,000 you can shop. Of course, you are aware, buying and selling real estate involves EMOTIONS! Rarely does EMOTIONS fit well within the confines of a formula.

Best of success to you in acquiring your Marco Island home.
Annette Lawrence
Broker/associate
ReMax Realtec Group
Palm Harbor, FL
727. 420. 4041
Web Reference: http://www.MyDunedin.com
0 votes Thank Flag Link Mon Mar 12, 2012
There are several 2BR condos available in Marco Island. The Listing price is most often negotiable, but consider a list price range of 165 to 225.... ever consider Naples? You may have a better chance of getting a condo in your price budget.
Let me know if I can help you.
Claudia 24-522-5227
0 votes Thank Flag Link Mon Mar 12, 2012
The average sales price ratio, the ratio between list price and purchase price,on a condo in Marco Island is right at 89%. Which means some negotiate more,some less. It also depends on tha agent you select, the purchase price is only part of the equation when negotiating a sale. Other terms come into play and can affect the ultimate sales price. If you are qualifed up to $150k, I would look up to $175k and identify what buildings, locatioin etc that you like, then find out who is motivated to sell. I can set up an automated system to send you new lsitings as they apprear in the MLS. If you would like me to do that, just let me know!
0 votes Thank Flag Link Mon Mar 12, 2012
Hi Smythe,

Are you planning to put down at least 25%? If not then you may not be able to buy most condos. You may want to verify with your lender.

All the best,
Alma Kee
http://www.SoldOnTampa.com
0 votes Thank Flag Link Sun Mar 11, 2012
Thank you for your responses. We've been pre qual for 150000 but we are not selling our home in NY and still have 1 child with 1 yr left in college. 135000 gives us some wiggle room but it is not etched in stone. I'm just getting started with looking at possible properties but I didn't want to look at anything out of our price range, love it and then be disappointed. I thought I would look up to 160000 since 150000 w/20% down is doable. Thanks again for your input.
0 votes Thank Flag Link Sun Mar 11, 2012
How did you determine that max price? Are you buying cash or finance? Condo or a house? Condo fees may effect what you qualify for if you are a finance buyer. I would not look above $140,000.
Web Reference: http://www.joesansone.com
0 votes Thank Flag Link Sun Mar 11, 2012
The listing price is not that critical. What is important is being informed on fair market value and finding a property in your range. A qualified Realtor will help you locate properties that meet your needs and show you comparable sales to support an offer. If a property is overpriced on the market the offer may be far below list. In some cases it may be over list to win the property.

That being said, properties in our general market tend to sell for a small percentage below list. We have a declining inventory and I believe we are past the bottom in our markets.

Please feel free to contact me if you would like to utilize my services in your search.

Kenneth (Ken) Lowe PA - Realtor
Prudential Florida Realty
Lowe1991@aol.com
239-595-2212
Web Reference: http://www.Ken-Lowe.com
0 votes Thank Flag Link Sun Mar 11, 2012
My vote is $135,000. The most common mistake I witness buyers make is they look at homes priced far above what they qualify to borrow. If your loan officer told you not to go above a certain price and you do not listen, you seek disappointment. What is wrong with offering less on a home that is actually in your price range? There is no law that says you must max out your income ratios. Good luck,
0 votes Thank Flag Link Sun Mar 11, 2012
That's not how you shop for a home. Some homes are priced right on the money, some are a little higher, some are under priced depending if they is a need to sell quickly. Your best best is to find a real estate agent familiar with the area that can represent your best interest and educate you on the process of purchasing a home. Good luck.
0 votes Thank Flag Link Sun Mar 11, 2012
Well, that would depend, but let's say you should look for listings for about $150,000 to $160,000. So, how can we help you with a Naples real estate home search? http://www.naplesrealestateguys.com/blog/
0 votes Thank Flag Link Sun Mar 11, 2012
In my opinion approximately $150,000 and maybe a little higher depending on the motivation of the seller and your position as a buyer.
I would welcome the opportunity to assist you in your search.
Feel free to contact me with the remainder of your search criteria and I will discuss and get you information on properties for your consideration.
Look forward to hearing from you.
Best Helen
Helen Donaghy

Partner / Realtor



ENGEL & VÖLKERS Marco Island

599 Collier Blvd. South, # 111

Marco Island, FL 34145

Phone (239) 963-4223

Fax (239) 963-4181

Mobile (239) 595-1907

Internet: http://www.engelvoelkers.com/marcoisland

Mail to: helen.donaghy@engelvoelkers.com
0 votes Thank Flag Link Sun Mar 11, 2012
Smythe you should base your offers or limit them to an asking price. You do not know if that asking price is at market value, is already below or listed way above. You need to assess what homes are worth in todays market and base your search and offer on that, A good buyer broker expereinced in Marco Island will easily be able to help you.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sun Mar 11, 2012
I am not familiar with Marco Island however if interested in Daytona Beach area please feel free to call me @386-334-2226.

FYI...On average you should be looking on condo's priced between 140-145K!!

MIke khorassani
Web Reference: http://mksellsflorida.com
0 votes Thank Flag Link Sun Mar 11, 2012
It all depends on if the property was priced right from the start. There aren't many descent properties on Marco for 135k. Please call and I can help you put together a list of potential properties.

Thanks

Scott Riddle
Realty Direct
239 289 1849
0 votes Thank Flag Link Sun Mar 11, 2012
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