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What Is My Home Worth In The Naples Area

Ron Abboud 30 home valuation calculator, home value calculator, What Is My Home Worth 2:52 PM

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<a href="http://www.realestate-vu.com/2015/10/what-is-my-home-worth.html">What Is My Home Worth</a> In The Naples Area?<iframe align="center" frameborder="no" height="1000px" name="frame1" scrolling="auto" src="http://cloudcma.com/api_widget/e34db1f88ad8dd69037685a34da7a70e/show?post_url=cloudcma.com&source_url=ua" width="95%">
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<a href="http://cmaswfla.realestatemls.com/" target="_blank">Home Value Calculator - What Is My Home Worth?</a></h2>
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<span style="font-family: Times, Times New Roman, serif;">Find out what your home is worth fast!</span></h4>
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<span style="font-family: Times, 'Times New Roman', serif;">Remember Your house is worth only what someone else is willing to pay for it.</span><span style="font-family: Times, Times New Roman, serif;"></span><br />
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<span style="font-family: Times, Times New Roman, serif;">All other estimates and appraisals are merely educated guesses.</span></div>
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<span style="font-family: Times, Times New Roman, serif;">But in a volatile market even settling on a ballpark figure isn't always straightforward.</span></div>
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<span style="font-family: Times, Times New Roman, serif;">Nationwide, housing prices can fluctuate rapidly, but not equally. For example during the crash in 2007 Home prices in Jackson, Miss., plunged almost 17%, while prices in Yakima, Wash., swelled 18%, according to the National Association of Realtors.</span></div>
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No prescient source can put a value on your home -- after all, many reputable sources ignored the Cassandras of the housing bubble. So the best way to get a reasonably estimate of your home's value before putting it on the market, getting home-equity lines of credit or assessing your financial situation may be to get a GREAT CMA REPORT.</div>
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In the end, you will not have achieved your home's value to the nearest penny, but here are steps to get a reasonable idea of your home's value.</div>
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1. Ask a Real-Estate Agent -- or Agents</div>
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It is recommended get an accurate Competitive Market Analysis aka CMA and then evaluate with your Naples Real Estate Expert so they can estimate the value of your home before putting it on the market.</div>
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The CMA will provide a range of data that needs to be interpreted properly or you will price your property incorrectly. You do not need to be told an incorrectly priced home will scare buyers away or attract the right buyer for an immediate sale.</div>
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2. Use an Independent Appraiser</div>
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Keep in mind that an appraisal is required for the loan, so if your buyers will be getting a loan you will have to price your home at a value the home will appraise for.</div>
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3. Look at Comparables</div>
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Heading to open houses in your neighborhood gives you an idea not just of price per square foot, but of the overall condition of the house.</div>
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Houses may be in various states of disrepair, and the best way to find out how your home  stacks up is to see exactly what's being sold.</div>
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4. Search Online</div>
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County Web sites may be surprisingly specific, providing information about the price, history, square footage and make-up of a house, and links to comparable houses sold in the area.</div>
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As long as you make sure you're making an apples-to-apples comparison, they're a good resource.</div>
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But in a quickly changing market, fewer home sales can mean fewer examples of comparable homes.</div>
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5. Investigate Changes in Area Prices</div>
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The National Association of Realtors, the Office of Federal Housing Enterprise Oversight and the Case-Shiller index all track home price. They paint home-price changes with a broad brush, taking into account home price changes in large areas, but you can get a rough idea of market housing price changes in your area.</div>
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Alternatively, you can get more local data with your area multiple listing service. But fewer home sales in an area means fewer listings, so their average home prices may change significantly with the sale of one especially expensive home.</div>
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6. See What the Market Thinks</div>
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A house worth $500,000 today may not be worth $500,000 tomorrow. In fact, many people are betting that prices will change, which may mean that your house will fluctuate in price.</div>
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If you live in one of 10 major markets tracked by the S&amp;P/Case-Shiller Home Price indices, you can look at what future contracts are selling at to see whether investors are feeling bearish or bullish about homes in your area. The market should be viewed with a grain of salt, however --it's new and relatively small.</div>
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Another option is to see how the people insuring your mortgage feel about your market. Mortgage Guaranty Insurance Corporation has a list of "restricted markets" with stricter underwriting standards.</div>
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By now you probably have a scatter plot of estimated house price points. Hopefully, they'll be concentrated around one number, and that'll be a reasonably good guess.</div>
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But when choosing among the estimates to put a price tag on your home, don't get too greedy.</div>
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The same holds equally true when you're looking for a home equity loan or assessing your financial situation. Underestimating the value of your home will leave you with excess equity you can tap into at some later date; overestimating it can leave you financially stretched.</div>
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What Is My Home Worth In The Naples Area

What Is My Home Worth In The Naples Area? Home Value Calculator - What Is My Home Worth? Find out what your home is worth fast! ...

Practical Way To Determine How A Residential Lot Is Priced - Valuing Residential Lots

Ron Abboud 14 Practical Way To Determine How A Residential Lot Is Priced - Valuing Residential Lots 7:13 PM

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<a href="http://www.realestate-vu.com/2015/10/practical-way-to-determine-how.html" target="_blank">Practical Way To Determine How A Residential Lot Is Priced - Valuing Residential Lots</a></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhWYxGeoV7_8HhT3xDwTS5hyphenhyphen_cgYOg2fW_kwQsOxhoFFJ5heBPjMIYjAWY9NbjDODrPnw414y0yNytM29YAducYahpElRelPusr3D_kPud7D1GB6woQ7ZsxvSuPUZ2wNSdzYabvgP05Ls/s1600/Residential+Lot+Sales.png" imageanchor="1" style=""><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhWYxGeoV7_8HhT3xDwTS5hyphenhyphen_cgYOg2fW_kwQsOxhoFFJ5heBPjMIYjAWY9NbjDODrPnw414y0yNytM29YAducYahpElRelPusr3D_kPud7D1GB6woQ7ZsxvSuPUZ2wNSdzYabvgP05Ls/s280/Residential+Lot+Sales.png" width="280" /></a><br />
Just as with every other asset, supply and demand will determine what buyers are willing to pay in any given market.<br />
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In this real estate graph, the green vertical columns show the one-year trend of the average number of lots selling each month (measured on the left vertical axis), while the brown line shows the one-year trend of the average lot price each month (measured on the right vertical axis).<br />
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Currently, the average lot price has risen to $47,000 and Tallahassee has averaged 78 lot sales per month over the past year.<br />
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Lots and Land Real Estate Report of the Tallahassee Real Estate Newsletter, shows the relationship between lot sales and new construction sales over time.<br />
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Lot Valuation Rule Of Thumb</h4>
While this is a rule of thumb that might or might not be practical in every area, I know that it will serve most people well in the Tallahassee real estate market. The only times that it won't be useful is when you are looking at large acreage (meaning the land holds more value than the house built upon it).<br />
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The rule of thumb: Land is typically 25% to 33% of the property value.<br />
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Let's say you own a lot in a Tallahassee neighborhood where recent home sales have been from $350,000 to $400,000. Applying the rule of thumb, you could conclude that your lot would sell in a range from (25% of $350,000 to 33% of $400,000), meaning a range in value from $87,500 to $132,000.<br />
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Then you would look at current market conditions, and in Tallahassee, it is still a buyer's market. That means you should expect to sell your lot nearer the lower end of the range. You would then look at supply and demand for lots in the $80,000 to $100,000 range to see the depth of your competition.<br />
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Why The Lot Valuation Rule Of Thumb Works</h4>
The majority of lot buyers are likely to finance the construction of their home. When it comes time to put a house on the property, the valuation for the new construction will not appraise if the buyer "over-pays" for the land.<br />
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In our scenario above, assuming a new construction price of $150 per square foot, the buyer paying $132,000 for the land could only build a 1,787 square foot home (very small for a $400,000 home), while the buyer who paid $87,500 could build a 2,083 square foot  house (still relatively small for a $400,000 home).<br />
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The buyer paying the lower price would end up with 17% more house than the one who paid the top price. Since there are plenty of lots available at this price range, prudent buyers are going to shop for bargains so they can build more house.<br />
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Building A House - Start With The Lot</h4>
If you are thinking about building a house, it is recommended you start by meeting with a well-trained real estate buyer's agent.<br />
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If you are still wanting to build, start by choosing where you want to live and select a lot that will allow you to build the home of your dreams. If you'd like to know more about lots and land in the <a href="https://realestatemls.com/">Naples Real Estate</a> area, you can reach out to your <a href="https://realestatemls.com/pages/">Naples Real Estate Agent</a>.<br />
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<span style="font-size: x-small;">Source Article: <a href="http://www.manausa.com/blog/how-a-residential-lot-is-priced.html" rel="nofollow">http://www.manausa.com/blog/how-a-residential-lot-is-priced.html</a></span><br />
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Practical Way To Determine How A Residential Lot Is Priced - Valuing Residential Lots

Practical Way To Determine How A Residential Lot Is Priced - Valuing Residential Lots Just as with every other asset, supply and demand...