In a perfect world you would like to think so, but the reality is that the answer to your question is "No". In our current market, there are many areas in Mobile that have a fairly high inventory of foreclosed homes that are selling below the so called Fair Market Value. In many cases, very far below.
I am a RealtorÂ® in Mobile and there are several others that read and respond to questions asked on this forum on a regular basis. I would be happy to provide a CMA for you, a report that should give you an idea of what your home should sell for, and I'm sure several others who will respond to this later would gladly offer the same. You could take the opinion of what your home should sell for into account vs whatever you are looking to put into it to take it from where it is now to where you want it to be. My guess is that you will probably be disappointed in the answer.... more