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I bought a house for 242k in April 2007 in Asheville. I believe I paid pretty fair market value at the time -

would I even have a prayer of breaking even if I needed to sell it this spring after a realtor's commission?
 
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Home Seller
in Asheville
Sara, Home Seller in Asheville in Asheville
Answers (13)
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Penny Robins… was FIRST TO ANSWER
Sorry Sara, those links go dead after a while. Here's an up to date version of homes in Asheville 250 - 275k. There are 63 on the market. If you let me have the size of your home, beds, condition, lot, address etc I will be happy to do a CMA for you. Rowena, rowena@pattonpropertygroup.com 828 669 6671

http://www.wncrmls.com/wnc/maildoc/a004jT2864.html

Tue Apr 15 2008, 05:24
 
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If you think you got a fair deal, keep the house.
Why do you want to sell this spring?
Are you a flipper?

anyways

good luck

Fri Mar 21 2008, 15:23
 
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Opps, sorry Sara might help if I gave you the link!! 250-275, all homes currently available in Asheville.

http://www.wncrmls.com/wnc/maildoc/a006Ec2386.html

Fri Mar 21 2008, 10:49
 
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Hi Sara - I thought you might be interested in what is available between 250 - 275k in Asheville currently. of course, you can't determine what you would put yours on at from this, however you may find it interesting to look at. Warmly, Rowena, 828 669 6671 rowena@pattonpropertygroup.com

Fri Mar 21 2008, 10:48
 
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OK - I'll cut to the chase .....call me! - and we'll get your home appraised (on me).
Then you'll not only know what it should sell for.....but also who should help you sell it (of course that would be the one who cuts through all the "bull" and tells it like it is). By the way - If you try to sell it yourself - statistically speaking - you will come away with less money in your pocket than if you paid commission to a really good Realtor! (I can prove it!)
Gib
828-329-1615
OK, that's it - I won't say it any more!
Good luck

Wed Mar 19 2008, 14:28
 
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Hello Sara. The good news is that you are in a price category that is still moving. With prices having gone up all around the country, many homes have pushed out of reach of many buyers. It's all a matter of probability and supply and demand. It remains that there are many more people looking under $300,000. If you compare average household income to home prices it makes sense. As there are many fewer homes available now in your price range, you have a higher probablility of selling. Of course you could attempt to sell it yourself and try to save the commission. This can be difficult in this market. The good news is that there are so many tools available now to market your home. The lock box, sign and MLS listing approach now can be a small part of the full marketing port folio to ensure that your home reaches the many buyers out there who are out of State as well as locally based. I offer free specialized searches that will allow you to watch your market. If you email me at Rowena@PattonPropertyGroup.com with your address I would be happy to set you up. Good luck with the sale and I'm sorry you have to leave so soon ;-(

Wed Mar 19 2008, 10:45
 
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Remember.... Get an appraisal.... that's the only way to know for sure.....I'll pay for it!
Gib Gibson 828-329-1615

Wed Mar 19 2008, 05:24
 
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Sara, I think you might have a prayer. Prices have gone down slightly in some parts of Asheville, but they've gone up slightly in other areas. I don't know your specifics, but with enough hard work and a whole lot of marketing, it might be possible.
See my website for contact info if you want to talk about specifics.

Wed Mar 19 2008, 05:07
 
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I don't have any idea what the fair market value of your home is but I don't believe the Real Estate market will really recover till the third quarter of this year. I am in Murphy,NC and hope the market will see the recovery this summer when school lets out.

Mon Mar 17 2008, 12:20
 
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Depends on where your house is located, does it stand out from other homes that are similar in price? I'll be glad to help you.
Cheri Swigart GRI, ePRO
Stone Mountain Realty
828-712-4600
www.northashevillehomes.com

Mon Mar 17 2008, 12:15
 
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There is only one way to find out where you stand.
Get the home appraised!
Not "Get a CMA!"
Not "Have the Realtor discuss the market value, is it going up or down? is it trending up or down?"
"Get an appraisal!"
By the way - I'll pay for it!
Gib
Contact me at:
Gib@GibGibson.com
828-329-1615

Mon Mar 17 2008, 05:33
 
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Sara,

A couple of points that may help you.
Just because the market shifts does not automatically give you a bell to ring and ZAP everything is okay. IN other words, like any other market, real estate goes up and down. I am sorry that you have to move, however the fact is that many other people are in your position. What you need are options.

Talk with a Realtor and come up with what you CAN do, and what you cannot do.
Some examples: deppending upon the loan you have , there may be a pre-payment penalty that you'd have ot pay inorder to pay the loan off early. You need to find out.
HAve the Realtor discuss the market value, is it going up or down? is it trending up or down? Meaning if now is the truly best time to sell, you need to know. If the market is going back up, and later might be better, you need to know.

You might also want to talk with a CPA about the tax consequences of any option. If you bought in 2007 you are probably now working on your taxes...a perfect time to ask questions.

Good luck

Sun Mar 16 2008, 18:14
 
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FIRST ANSWER
Sara,

You really need to contact a Realtor that specializes in your paticular area. They would need to do a CMA and run the numbers for you to see what the bottom line is.

Good Luck and if you need a referral of an agent in Asheville, please do not hesitate to contact me below.

Sun Mar 16 2008, 17:39
 
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