Florida Homes and Condos for Sale

The only relevant price is the market price today...

I read an MLS entry that said "Home was purchased for $$$$ in 2005.

I thought to myself -

What is the point?

Unfortunately the reality is no one, especially a prospective buyer, cares what you home was purchased for in 2005.

It is unfortunate the seller (in this case a short sale) is in this situation.  It is unfortunate for all sellers the market value has dropped all over Brevard County, Florida and many sellers find themselves upside down.

But, it is fortunate for buyers  that the prices have dropped.

When the buyer of this home (or any other home) sells five or ten years down the road, will they advertise how much they paid for the house in 2011?  I doubt it!

The only relevant price is the market price today.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

www.moving2brevard.com

 

 

 

 

Read my blogs Florida Homes for Sale,  Moving to Brevard County, Florida, and  Brevard County Florida Real Estate Information.

 

6 comments • Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL • May 11 2011 08:43AM

Unless it is new construction, they are all fixer uppers!

I must admit I watched a bit of the Royal Wedding last week.  I actually wanted to see the "big house,"  I mean the palace.  Anyway I got to thinking how many sellers see their homes as palaces.

Ask any seller and I bet they will tell you “my house is in great condition!”   Another favorite is “it's in move in condition!” or even the old "it's in OK condition for its age!"

The reality is sellers view their home as a palace with a great view!

The heavy traffic and loud noise is not seen as a nuisance but rather "convenient" to major routes.  Another reality is...

buyers see your house as a shack in need of updating and a tasteful paint job!

It is because of these differing views you will see offer prices, as well as listing prices, somewhat  inconsistent with the property condition.

Ultimately if the sides come to an agreement an objective appraisal that takes into account the real condition (good or bad) and reasonable sales nearby will decide if the agreed upon price is reasonable.

Are you in search of a "fixer upper" in Brevard County, Florida? " Call me directly at 321-693-3850 or email me.

After all, they're all fixer uppers!

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

www.moving2brevard.com

 

 

 

 

Read my blogs Florida Homes for Sale,  Moving to Brevard County, Florida, and  Brevard County Florida Real Estate Information.

 

7 comments • Gary L Waters PLLC- Broker Associate Realtor® Melbourne Viera Rockledge FL • May 03 2011 08:21AM