Doug,
As mentioned before in other posts, more info is needed to make an accurate estimate of value. You can contact me, or another agent , for a market analysis or you can hire an appraiser to give you the same information. As always, it's location,location, location and condition of the house.
Jinan Cole
Coldwell Banker Platinum Partners
912.898.0395
912.272.0395
jinanlamas@comcast.net
That is a very tough question to answer without more details of where the home is and what condition it's in. 2002 was way before the market peaked in Savannah so your home won't be among the large price loss homes that have been purchased during the big sales boom. There have been so many foreclosures on homes in the area, but most have been the homes sold within the past three years. These sales prices will of course affect the value of your home as well. Appraisers can only go back six months to get comparable homes to value todays sales due to the declining market we've had. With you purchasing so long ago, I would assume that your home is worth what you paid plus.... the loss you would be is the difference between what you could have sold for a couple of years ago to what the value would be today. If you'd like a true market analysis, I'd be happy to do one for you. Robin Arrow
RAWLS REALTY 912-655-2554 robinsellssavannah@gmail.com
You would need to provide much more info, Doug. That's akin to asking what is the current value of an average airline stock that was worth $X in year Y.
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