what does avg sale for similar mean? What are the Parameters? If we assessed for bank at 265k what is sell $

Asked by Mike Burke, 48038 Mon Apr 13, 2009

If we asessed at 265K, I would think we could get around 235. Big lot and excellent shape. Are there any nice condo developments in the area (20 miles) with golf course privledges and no maintenance?

This question is about this property: http://www.trulia.com/homes/Michigan/Clinton_Township/sold/2…

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Ron Ristovski, Both Buyer And Seller, Troy, MI
Mon Apr 13, 2009

We have experience in real estate as we visit more than couple of dozen homes in few days.

When we visit different houses in the same sub division we notice that some house have good quality work inside and well maintained. Some houses are not maintained well. Different things inside home may suit a few set of people, but neutral colors and contents might appeal to most public. Example even the wall paper and paint are suited for some one but does not appeal to others; that can prevent a sale to go through.

So even two houses might have same size, look from outside; but can be sold for different prices. May be real estate agent or investor can help you with details. Call us if you need any help.

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smith3gary, Agent, White Lake, MI
Mon Apr 13, 2009

Please take a moment to re-read what Trulia is saying about homes within your entire zip code (a very large area)

"...The average list price for similar homes for sale is $235,776 and the average sales price for similar recently sold homes is $183,810...."

If public records information is correct, similar would be within around 300 sqft of living area (plus or minus and depending upon current appraiser guidelines), with the same number of bedrooms, baths, and range of year built.

Recent sales in your immediate subdivision (one DD and one Sheriff Sale) do not support your assumption.

Because I'm relying on online information, this may not be accurate. Ed and Cindy may be able to provide more accurate information with an in home visit. They have a good online reputation. I do suggest interviewing more than one agent.
Web Reference:  http://mi-living.com
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Ed & Cindy K…, Agent, Shelby Township, MI
Mon Apr 13, 2009
Mike I am not sure what you are asking. When you say assessed for the bank are you talking about an appraisal? If so, there are many things you have to look at. Was the appraisal for a cash out refinance? Was it for a purchase and how long ago?

It's best to have a real estate agent run a current market evaluation on your home.

As for the condos in the area you can check the link below to see what is currently on the market and if they have golf course access.

If you have more questions feel free to shoot us an email.
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