Monthly Archives: August 2017
Monthly Archives: August 2017
We have SOLD this home and we are ready to sell yours next.
If you are thinking of selling and/or buying give us a call and we will see if we can be of help to you.
What Has a State Park in Your Backyard and is a Short Drive to the Beach?Savor this private and peaceful setting with the 1400 acre Oscar Scherer State Park as your rear neighbor.
Discover this updated home in popular Sorrento East, a very friendly neighborhood. This home offers 6 rooms, with a sensible split plan.
The foyer leads to a formal living room and dining room, however you may use the rooms however it suits you.
The kitchen has just been updated with new maple cabinets, Hawaii granite counters, stunning back-splash, new sink and faucet. The kitchen has a bright breakfast nook and is open to the family room.
The kitchen/family room and living room all spill over onto the spacious lanai – and provide ideal places to entertain family and friends.
The master bath has new maple cabinets, Hawaii granite counters, linen storage, new tub, tile, plumbing fixtures and Travertine floor.
Surround yourself with nature on the screened lanai or paver patio and enjoy the fenced yard teeming with butterflies and birds.
If you like to walk early in the morning you will see awe-inspiring sunrises and likely meet your neighbors out walking with their dogs.
Then be sure to head over to the beach for stunning sunsets – just 5 miles away.
Nokomis is conveniently located between Sarasota and Venice.
Offered at $267,000. Call us for a private showing – 941-321-3916
Want to hear a wonderful story? This story starts with a family in the cold northeast – Pennsylvania specifically.
A couple of years ago a young couple contacted us about one of our listings and we met them and showed it to them. The wife had been an “Apache” helicopter pilot in Desert Storm and we so appreciated her service to our country. That initial house was not right for them however we continued to work with them showing more houses, writing a few offers and eventually finding them the right house, complete with a pool. Soon after they had a baby and then the fun starts.
The wife’s father came for a visit and of course, loved it here. “Paradise” he calls it and we agree. Serendipity – we had listed a house within walking distance of his daughter and new grandbaby. We helped him buy it last year and he is loving it.
The next chapter is when his other daughter and her husband decided they love it here too. They have a little daughter the same age as the other grand-daughter. Their dream was to give up the big house in the cold Pennsylvania weather and have a house here on the water, with a pool, near the beach. So we helped make that happen just recently and now all 3 families live quite close to each other.
The grandparents now get to enjoy the 2 toddler girl cousins playing together and growing up together.
They have all been such a joy to be with and to work with – we would love to clone them.
Our work helping families is very rewarding. This story really has no end.
Our relationships continue to flow and to grow.
So who is next – whom do you know that does not want to spend another cold winter up north? Or what other families can we bring together?
Give us a call or message us so we can see if we can help. 941-321-3916
Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.
So, how do you accurately calculate a home’s value? After all, the value a home is assigned by its town or county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.
Assessed Value vs Market Value: What’s the difference?
When it comes to home value, you’ll often hear two terms, assessed value and market value.
A home’s assessed value is often the lower number of the two, and is the value given by your municipality or county. Investopedia defines assessed value as “the dollar value assigned to a property to measure applicable taxes.”1 Although property tax laws vary, assessors commonly arrive at this number by taking into account the following:
A home’s market value, or Fair Market Value, is the price a buyer is willing to pay or a seller is willing to accept for a property. Skilled real estate professionals, like us, will arrive at the value using a variety of metrics, including:
Why are these values often so different? An assessor usually estimates your property’s market value during a reassessment or if you make a physical change or improvement to it.2 As a result, a property may not be reassessed for many years. While your home’s market value may fluctuate with the market, your home’s assessed value is more likely to remain steady.3
What Determines a Home’s Value?
You’ve likely heard the motto of real estate: “Location, location, location.” This means a home’s value relies on its location. While the home and structures on the property will likely depreciate over time, the land beneath it tends to appreciate. Why? Land is in limited supply and a growing population puts increased demand on the housing supply. As a result, values increase.4
Other factors that affect your home’s value include the function and appearance of the property, how well the home and other structures are maintained and whether the home is a lifestyle property, such as a ranch style with mountain views or beach bungalow.
Ultimately, the best indication of a home’s value is the overall supply and demand of the market. This is why we recommend you partner with real estate professionals, like us, who take all of these factors—the assessed value, local market conditions, home features and has physically walked through and experienced your home— into consideration to determine the most accurate market value.
How to determine if a property is comparable to yours.
Both assessed value and market value are partially determined by the sales price of similar, or comparable, homes in the area. To determine if a home is comparable to yours, look for the following characteristics:
While you may not find a home with the same exact characteristics as yours, you’ll likely find a few that are close. To account for any disparity, adjust the sales prices of the comparable properties. Look at the differences between your property and the one in question and determine if the differences increased or decreased the sales price and by how much. For example, if your home has two bathrooms and a similar home only has three, estimate how much that extra bathroom increased the sale price of the similar home. The adjusted sale price is the estimation of what the property would sell for if the properties were exactly the same.2
Where can you find comparable sales?
Fortunately, you can find comparable home sales in a variety of places.2
How to calculate your home’s value.
By answering a few questions about your home, property and the local market, you can begin to estimate your property’s value. We’ve also included a worksheet for you below…
Home Value Questions:
When was your home last assessed?
What was its CMA assessment value?
What is your area’s average sales price?
What is your area’s average price/square foot?
Overall Condition of Home
Beverly and John’s
Home Assessment Worksheet
If you want to accurately assess a home’s value, it’s crucial to know about the market activity of our local area. We can help! Give us a call to get the scoop on the local market.
Call 941-321-3916 or Send us an email at SellingFL@gmail.com
Sources: 1. Investopedia http://www.investopedia.com/terms/a/assessedvalue.asp