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32177 : Real Estate Advice

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  • Local Info4
  • Home Buying2
  • Home Selling0
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Activity 8
Thu Mar 13, 2014
ketsyc1 answered:
Putnam is a beautiful county. The cities are small and the people are friendly. The historic areas are charming and being revitalized. Its a wonderful place to live. Not a lot of hurry up and rush, its mostly deep breath fresh air and blue skies. (Not really-but it sounds great. The skies are occasionally grey and rainy.) If you are thinking about Putnam as a home I would encourage you to look not only around Palatka but the smaller cities also.

Everything in central to northeast Florida is driving distance.
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Mon Oct 8, 2012
Wren A. Chambers answered:
It doesn't matter what it cost to build the house because in this market property values have decreased more than 50% in the last few years. If your appraisal came back lower than asking the bank will only loan up to appraised value. You can either pay the difference out of pocket or you can go back to the seller and get a price reduction. If you had an agent who did his research prior to submitting your offer then he would have advised you to make a lower offer or add the term " subject to appraisal " to your contract so that if the appraisal comes back lower the purchase price would be reduced to the appraisal amount. Free advice isn't really free, lol... Good luck ... more
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Sun Jul 3, 2011
answered:
1. It'll be no different than if you didn't remodel - your home will be compared to other comparable homes in the immediate area that have recently sold. Items such as square footage of your home, the lot size, and the bedroom/bathroom count will be the biggest items when the appraiser is looking for comparable sales. As far as the upgrades, if the homes your home is compared to are in similar condition, then not much of an adjustment would be made. If your home is compared to homes that are not upgraded, then your home's value would be adjusted upwards for that fact.

2. Are you trying to sell? If not, and you are still taking about the appraisal, then I find it's usually best to be at the home when the property is being appraised so in case the appraiser isn't familiar with your neighborhood, you can point out all of the additional upgrades that the 'typical' home in your neighborhood does not have - every single item you can point out has the potential to help your value. I'd even recommend to create a list of all of the upgrades done, room by room.

3. It depends on how much you owe on the home, how much you purchased it for, when you purchased it, if you live there, what your credit score is, among other important questions. But a very simple answer is: 60-65% of the home's value if you use hard/private money. Most people don't choose to go with hard/private money unless it's their only option, so I suspect you would probably be in the same group of people.

On a side note - do you realize you posted this question in Florida, and not California? Not that it matters because you haven't really asked for region-specific advice, and so anyone should be capable of providing you insight on this. Perhaps you intentionally posted it here because you are a resident of Palatka, FL and the home in Manhattan Beach was an investment property. It's tough to speculate.

Feel free to ask further questions.
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Sun Apr 25, 2010
Alma Kee answered:
Traci,

You need to join your local MLS system for showing instructions. Ask your broker.
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Sun Apr 25, 2010
James Gordon ABR SFR SRS answered:
Traci if you put down an address a Realtor® in your area can research the property and get back with you on seeing it. Any Realtor® that is worth their salt should be able to research a property and determine if it is for sale. Good luck and if you need to get in contact with a top performing agent in your area just let me know. ... more
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Tue Mar 10, 2009
Fred Romano answered:
There are other ways to get on Trulia.com. We know how!
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