â§ MIAMI BEACH REAL ESTATE GUY âœº WATERWAY REALTY, REALTORSÂ®
Another option you have is to create a Listingbook account through the website below and you should be able to pull information of what similar properties recently sold for, and based on that you'll be better informed of the market condition in the neighborhood you are looking for. This account will allow to search the same MLS database the real estate agents use. Feel free to call me if there is anything I can do for you.
Rodel Bongayan, REALTOR
Short Sale and Foreclosure Resource
There are 3 types of properties for sale:
1) Pre foreclosure Short Sales with "ficticious" asking prices that may not be acceptable by lender taking the loss.
2) Bank owned listings - these are usually priced well below market and often result in multiple offers above asking
3) Regular sale for the rare person with equity - These sellers may be overpriced but should you decide to submit an insulting offer they may not sell to you at any price. The majority of buyers are emotional and do not understand that their house is simply a "product" and truly they should go ahead and get a reality check by paying for an appraisal. Unfortunately there are some Realtors who will give an inflated value to "buy" the listing contract with the full knowledge that the house will never sell anywhere near the asking price. This "fools" the seller and so overpriced listings will eventually come down to earth but it may take at least a few months.
So that's my 2 cents worth.... hope it helps!
Asking price is what the seller would like to have. Reality is often a little different. Your Realtor, should be able to pull what similar properties recently sold for and based on that you'll have to decide. Compare the listing price vs sold price and that should give you a good idea to proceed.
Please understand this is just a rule of thumb for you to use and any offer should be based on a compartive market analysis of the property.
Is it possible to get a property 20 or 30% under list, you would need to discuss with a Realtor that specializes in the Ponte Vedra area.