Home Selling in Jonesboro>Question Details

Yvonne, Home Seller in Jonesboro, GA

Having only lived in a home for 1 year, do you think I will be able to at least sell it for enough to pay the home off?

Asked by Yvonne, Jonesboro, GA Fri Aug 10, 2012

I purchased a (3426 sq.ft) 5 bedroom/3 bath house in Jonesboro (30238), with the idea of several others, besides my son and myself to live in Feb. 2012. Since the others are not moving in, I am considering selling the property in Feb. 2013

Help the community by answering this question:


Now would be a good time to consult with a few Jonesboro professionals.
If you purchased your home well below market value, there is hope you can sell and at least break even.
If your home is appraised above the mortgage balance, you may be able to sell at a price to break even or better. (factoring in improvements you may have made will alter the outcome)
If the real estate market in Jonesboro has appreciated 15% since the time of your purchase, you may be able to sell at a price to break even or better.
There are many variables and just as many options available. What you need is a good strategy to exit this situation in a manner most beneficial to you. Find a multi-dimensional real estate professional and discuss the market as it pertains to your home AND the options available to achieve the most beneficial outcome for you. Selling is but one option.
If you are serious, pick up the phone and call one of the professional shown in this thread.
No, don't use that 'contact' link.
No, don't use the Trulia email.
If you are serious, go old school, pick up the phone and call.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420. 4041
0 votes Thank Flag Link Wed Aug 15, 2012
Dear Yvonne,
It really depends as it sells like a very nice home. Every area is different but if there are "like" homes in the area that are selling for the same price or more, then you have an excellent chance. It all depends on the appraisal and recent sales. Your best bet is to have a Realtor come out soon to give you a comprehensive market analysis. If you need any help picking a Broker/Agent, I can help you. Please contact me if you need assistance.
Best of Luck!

Frank Dolski MBA, ABR, e-PRO
Associate Broker
2010-2011 Coldwell Banker International President’s Circle Award Recipient
CARTUS & SIRVA Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
215-803-3237 (mobile)
215-794-1070 x-103
0 votes Thank Flag Link Wed Aug 15, 2012
Hi Yvonne,

We grew up in the area you purchased in and work it often. I'm sorry that you are faced with having to already think about selling the home. As others have mentioned, it's possible, but we can't be sure without all the details. Feel free to call or email us with your address and we'll run a free market analysis on the home and give you the best estimate we can so you can without seeing it. If it can work for you, we'll also be happy to discuss our marketing plan with you so that you can see if we're the right fit to assist you. Good luck no matter what you decide.

0 votes Thank Flag Link Sat Aug 11, 2012
Hi Yvonne. It really depends on the specific area in which you bought. I will be absolutely honest, the answer is that it is doubtful. The entire Clayton County market is up for the 4th month in a row, but it still has not recovered from last year. We are seeing positive signs in certain pockets of Jonesboro and if this is the subdivision off of hwy 54 that I think it is, it would be best to sit down w/ someone on my team. Feel free to contact me to arange that appointment

Jon Morris
Coldwell Banker Bullard Realty
Managing Broker, Jonesboro / REO Broker
678-788-6418 DIRECT
770-477-6400 Office
770.692.6458 eFax
Web Reference: http://www.cbbullard.com
0 votes Thank Flag Link Fri Aug 10, 2012
Hi Jon...thanks for the response. I purchased the home from Wells Fargo for 96,800. The Home is located at 8604 Regent Street - Jonesboro, Ga. 30238 ---property is located in the Vintage Pointe Sub (Tara Blvd & Flint River Rd & Taylor Rd area)
Flag Fri Aug 10, 2012
Like with most questions concerning real property, Yvonne, the answer is usually...it depends. It depends on how much you paid for it, and how much you can net after selling, paying off the existing mortgage and closing. Good Luck!

Michael Hammond




0 votes Thank Flag Link Fri Aug 10, 2012
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