Terry,
The most your home will be worth for the next 5-7 years, is what you sell it for in the next 90 days. Don't be fooled when people tell you homes are not selling, they are. What drives our market is price and value. Any questions, feel free to write at jimstaub@century21palm.com, or call 727-868-2121.

Jim

Terry Waterfront property of $350k and up is going to take a while to sell, the experts dont see the market improving till mid 2010
You need to get a professional appraisal for the home and price it 5% to 10% below that

An appraisal is like sticker price on a car, nobody buys sticker price ,not in this market.
The name of the game is PRICE in this market, if its priced to sell it will.
Its also important to be honest with yourself,do youneed to sell or do you want to sell.
The condition of the home needs to be a 10 so is your motivation and so is the price if all 3 are a 10 you will have a great chance to sell.THIS IS A GREAT TIME TO BUY.
If you dont have much equity then you can goFor Sale byOwner and try to save on Commission, its not recomended in this market
Aproximatley 8-10 homes a day sell in w.pasco so there is some activity.
I can help you find or sell your property or go FSBO ican explain how that works
At my offic we sell better then a home a day we r # 1 in Pasco County
I live in New Port Richey so i know the area good

If you like more info no obligation you can call me @ 727-645-3090 check out our website http://www.century21palm.com George

Terry,
It is a fact that we are in a deteriorating market. Based on all the economic indicators I doubt seriously that your home will appreciate in a year. If you were my client, I would ask you a number of questions:
----are you motivated or do you need to sell soon?
----I hope you have equity in your home because if you are 'upside down', the picture probably won't be better in a year
----is this a primary or secondary home
----can you afford the fixed & variable costs assuming 0 appreciation or a decline in the next year?
---are there any foreclosures or short sales in the area and are they under the average selling price/sf

If you choose to sell and are trading up (in $'s), you might lose $100k but should be able to acquire another property saving far more $. As I mentioned to you on another blog, if you wish to gather info on details of homes for sale & sold in last 3 months in your area, click on http://www.BestHomesInSarasota.com and the 'market search' option on the right. Type in your address and indicate 'seller' to obtain a wealth of current information and interactive map to view all the comps.

If you need a referral, please email me randy@BestHomesInSarasota.com or check out my website. I happen to be a Codlwell Banker realtor in Sarasota but freely allow people to evaluate market prices via my website. And I do not receive your email address so don't be afraid to fill in some of your info.

But interviewing a couple of top producer realtors in your area, would enlighten you on a realistic value for your property.

Good luck.
Randy Schweitzer
Coldwell Banker
100 N. Tamiami Trail
Sarasota,FL 34236
randy@BestHomesInSarasota.com http://www.BestHomesInSarasota.com