Quote:
Originally Posted by margaretmattson
This is why realtors and appraisers use the median sales price of similar homes to price a new home on the market. But, thanks for rewording what I said.
This is easy to do yourself. Say you own a gardenia model.
1.go to vls and type in gardenia as your search. All gardenia models currently for sale will pop up.
2. Eliminate the homes that have a pool or a view if yours does not have this. Or vice versa.
3. Look at the prices of the homes remaining. Your actual sales price will most likely be the midpoint of these prices. You can attempt to ask higher, sometimes this works. For example: A cleaner home sells better than a messier one.
4. If your asking price is well above what others are asking, you are OVERPRICED.
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Quote:
Originally Posted by Normal
Had a neighbor a couple weeks back do the same thing but added a step. The gardenia was averaging 449K, they wanted to sell so they listed it at 419 and it sold right away. The more aggressive the price, the quicker it sells. They didn’t care for the competitive sales atmosphere and grandkids were the driving factor for moving back up north.
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Quote:
Originally Posted by BrianL99
Amateur hour.
Bring in a professional to give you a market analysis.
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When god created real estate, he also proposed an axiom that has survived the test of time.
The first 2 posts above, neglect that axiom.
Real estate values, above all, follow one indisputable rule:
Location. LOCATION. L O C A T I O N.
The "location" isn't The Villages. The "location" isn't Amelia nor Mallory.
The "location" is:
How far away is this home, from the things that are important to me. Golf, tennis, my favorite Town Square, my sister, my doctor.
In The Villages, the over-riding "location" considerations are, how far from my favorite square, golf course, pool or friends. You cannot quantify that, by looking at real estate listing on line.
Which is why a professional is your best bet.