Great question that many people would like answered. The answer varies by location, condition, age & materials used. One neighborhood gets higher prices than another. Tax assessments vary based on closed sales in that neighborhood during the past years. Call me, give me the address of the property, then a comparative market analysis can be done. This will provide you with the answer of value you are seeking.
.Beth Kane CRS,GRI,ABR,CDPE Associate Broker Exit Realty Parade of Homes
I suggest that you contact a few real estate agents in your area as they can go over a comparative market analysis with you to determine what your home's value might be. A CMA includes homes that are similar to yours that have recently sold in your neighborhood. This will give you a better idea of what your property's worth is and it is free service.
Good luck to you!
Prudential Connecticut Realty... more
Renting is a pain and easier said than done. Talk to your agent about this. If she feels another price drop might help you might as well if you plan to remove it from the market. You will have to figure how long you would have to wait until you can get more for the home vs how much you will bank from rent.
you could also consider a rent to own.
You really should hire a Realtor to represent you. He/she will be able to do the research and find properties that have ag zoning. Sites like Trulia, Zillow, and Realtor.com may not have that info. The most reliable place is in the MLS with only Realtors have access to. If you need the name of a good agent in your area, let me know.
You can use a 15 year mortgage program. Or with most loans if you pay some extra every month towards the principal you can shorten any mortgage term. For example, if you pay a total of one additional payment per year, you can take a 30 year mortgage down to 17 years. I hope this helps.... more
This is in response to the question above. I apparently should have put St. Augustine, FL in the area I was interested in and somehow it shows as Chesterfield. My fault I'm sure. But in case any one who reads this I'm curious why some homes are 110,000 and just a block away they are 450,000 and it looks like they are both right on the coast. Can you really get a safe, normal place to live right on the coast for as little as 109,000 that is hurricane insured?... more