Are homes built and sold new in 2005 averaging a value increase or decrease from that figure if resold in?

Pricerp
Other/Just Looking
65809

2009? 65809 zip code and $550,000 original purchase price if specifics are helpful for accurate answer. Thanks

Answers (2)
Doug Skaggs
Agent
Willard, MO

Decreased value almost certainly guaranteed. Unfortunate timing involved. We are seeing appraisal values decreasing, foreclosures significantly rising, lending practices tightening, and overall economic conditions that are not conducive to the most profitable selling; particularly in the luxury/upscale homes market. We are living the time worn cliche, "it is a Buyer's Market." Arbitrary Sellers should sit out. We are jammed with inventory, some of which is distressed in any price range. This is going to have only a negative impact on selling prices.
Real Estate values are themselves arbitrary to some degree. If what you have has the right appeal/value to the right person you might dodge the bullet but generally speaking expect less. As Dan mentioned, closer investigation needed to nail all the specifics into your deal. Glad to help if needed.

Thu Aug 20 2009, 13:05
Davis Dan
Agent
Republic, MO
FIRST ANSWER

I would be willing to look into this futher if you will give me a little more information to work with email me at danproperties@mowisp.net

Tue Jun 9 2009, 08:26

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