I have an old house in Daytona Beach, half a block beachside that I bought a year ago as a foreclosure and

Stephanie
Home Seller
Daytona Beach Shores,...

put 50,000 into restoring it but want lo leave that area. I could rent, but it would be very tough. I really want to sell fast and put my money in stocks and bonds. I have dealt with 3 realtors in the area. One let me list the house for 290,000. Another said I could only net 175,000. How can I figure out what I can get for my house within the next 120 days?

Answers (4)
Skip
Agent
Ormond Beach, FL

Stephanie,
I am a native of Daytona Beach and have worked and lived on the beachside all of my life. I will be happy to give you a realistic listing price for your beachside home. Regardless of whether you are interested in listing it or not. I also own a 1930's home on the beachside so, I have personal experience with values as well. My experience also tells me that beachside homes (those that are selling) are averaging a little over $100/sq. ft.
This may seem low but, that is where the market is. Your home is worth what another is willing to pay in any given market.

Wed Jan 21 2009, 07:10
Joyce
Agent
South Daytona, FL

Hello Stephanie,

Deborah makes an excellent point.

Should you wish to get an approximate value go to the link provided and scoll down to just above the "Foreclosure" link to " Approximate Value Of A Home Anywhere In the United States".

Sun Jan 18 2009, 04:55
Deborah Banzon
Agent
Stafford County, VA

Stephanie,

Market value is determine by what has sold in your area in the past 3 to 6 months. The reason I said to move fast is because home prices change rapidly. The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear.

Value vs. Cost. Pricing your home to sell in a timely fashion requires some objectivity. It's important that you not confuse value with cost - in other words, how much you value your home versus what buyers are willing to pay for it. Don't place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. Keep it simple. Because time is of the essence, make it easy for the buyers. Remain flexible on when your agent can schedule showings.

Deborah

Sat Jan 17 2009, 14:20
Deborah Banzon
Agent
Stafford County, VA
FIRST ANSWER

Stephanie,

the best thing to do is to have the home appraised so that you know the exact market value. Keep in mind that with a changing market you need to act fast. After you have the appraisal, you need to list the home below market value. A good realtor should be able to help you with this. Good luck!

Deborah Banzon

Sat Jan 17 2009, 12:33

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