If a home in Plainwell sold in 2005 for 185,000 dollars, what would it go for today?
If a home in Plainwell sold in 2005 for 185,000 dollars, and absolutley no improvements have been made to the property in the intervening time, how much could one reasonably expect that home to sell for today? I was under the impression that real estate prices were in a downward trend, but am unsure of what to expect and am wondering why someone would think that the home's value has increased after three years of ownership with no property modifications or remodels.
Hello Chris, I would highly suggest that you rely on your buyers agent. It is possible that the seller under paid for a property previously, but now they are selling it for true market value. It is also possible that the sellers are just trying to cover their mortgage. However, that is not really your problem what they mortgaged for it. The market is what it is. Again I would rely on your buyers agent that really knows the area and can help you determine what a good price is for the property.
Best Wishes!
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