Home value - comps
 

Just curious to see what similar houses have been sold for (actually closed not just for sale) .

Where can I look up comps in the area?

I don't know about Lake, Sumter and Marion, but that information is available on the Property Appraisal sites for many counties. The sites will give recent sales by a neighborhood or area.

Yes, it is the price they sell for that is important, not the list. I was told a couple years ago by our realtor that the homes sell for 95% of list. I am not sure if I saw that information on a piece of paper or he just told us that. Also, that was then and this is now. I would be interested in seeing the comps for sales also.

Zillow.com and Trulia.com might help you.

sumterpa.com Sumter County property appraiser

When buying we were told by the villages sales Representative they only sell for 95% of list also they will not take a contingency offer.

That's pretty much standard throughout the real estate business, nationally.

Most agents will tell you to expect about 95% of your asking price if your home is priced correctly.

What do you mean by comps?

If you want specific comps, for example, on a Sunflower 3/2 with 2+golf cart, you will probably need to ride around and write down street addresses then go on the Property Appaiser site.

Zillow gives some good info about the property and surrounding area prices in your neighborhood of interest.

Comparable sales of similar homes "comps"

I found the only way to actually get the correct information was to follow comparable houses to mine from either real estate ads or open houses and then once they are sold, allow about 6 weeks to see the final sale price on the Property Appraisers website. Zillow and Trulia haven't been very accurate, from my experience in the past.

You can get a realtor to come in and give you comps but sometimes I wonder how accurate they are or are they just trying to get the listing.

I have actually looked at this many times using sources like TV sales, info from MLS, and Zillow. The typical discount from the listing price in TV was 4% pretty consistently. That is an overall average. The 'discounts' might be lower for homes with the most popular features.

There is a Sumter county web site that gives exactly what the property sold for by date, price, address. The only potential error that you can't tell from there is someone may have sold the house furnished, or with a golf cart or included an allowance for new flooring or something like that. That is probably less than 5% of the sold homes.

If you do a search on TOTV you can find where someone posted the site.

Excellent idea. All can be done from a computer.

This site may not have info by address - but for MLS sales it does have info by the type of house in The Villages:
2014 - 2014 Sales

2015 - 2015 Sales

On Lyle Grant's site he lists this info for MLS sales. The most recent report shows an average sale price of 7% less than listing price.

Zillow.com allows you to filter for what you are looking for.

This link is for single family houses sold over the last 12 months
1250 - 1750 sq ft
3 bedrooms
2 bathrooms
$150,000 - $275,000




Recently Sold Homes - 330 Transactions | Zillow

Sumter County public records
 

Sumter County public records

Sumter County Property Appraiser

Pretty much agree with above, except defining "comp" is not always so easy.

A home appraiser considers a lot of things you both can and can't see, or those that might not make the listing, such as improvements to the property (crown moulding, volume ceilings, upgraded appliances, hard floors, etc) and then there's the lot value.

In TV lot values between homes can be extreme in some cases, such as SF of lot and of course those with golf course, lake, or water reserve views, and whether they back up to busier streets, etc. Original lot values can be picked off from the property appraisers office.

Things sold with the house like furniture, golf carts should not be part of the appraised values, but depending how the contract was written and recorded it could in fact inflate the value making comps more difficult.

Often times you won't know until you get an appraisal done. For that reason, I'd advise any contract be written to show financing (even if you don;t plan to use it) so you must meet appraised value, that way if you come in under you have room to negotiate again.