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Determining Florida Home Values

Your property has many values - one to the tax assessor, others to your lender and insurance company, and another value to you, the owner. It also has distinct value to prospective homebuyers. Ultimately, either buyers’ value or market value will determine the selling value of your Florida real estate.

Determining the MLS listing (asking) price is the most important component of putting your Florida home or condo on the market. Proper pricing is important for any type of real estate (condos, houses, investment, etc.) and it is dependent on several factors; the most important are recent comparable sales in the neighborhood, the prices of properties currently on the market in competition with your home, and the condition of your property. These factors could change within months, so a current market analysis on your property is crucial to pricing your Florida Real Estate correctly.

Setting the sale price too high can discourage prospective buyers and could prolong the time your property stays on the multiple listing system, potentially making your home or ocean front condo seem less desirable. Pricing the property too low could result in you losing money on your Florida real estate investment. Many factors contribute to a home’s value, including location and market value. Contact us today for a free CMA or call at 1.305.542.1531 and we can help you determine a fair market price for your real estate in Florida.

The most common mistake sellers make is over-pricing their real estate. An overpriced home sits on the market longer, giving buyers the impression that something is "wrong" with it, leading them to make lower offers on the property. Realtors and owners can set the home’s listing (asking) price, but buyers will ultimately determine its value and sale price!

What Does Affect a Home's Value?

• Location of the home. Location can be the single greatest factor affecting value. We will explain to you how the location of your property can affect its value.
• Major improvements done on the home (pools, updated kitchen, new bathrooms, etc.).
• Property condition. We will provide you with recommendations on improvements that could help to sell your property faster.
• Recent comparable sales in your area within the last six months. We will provide you with free report about recent sales of properties similar to yours.
• Current competition on the Florida real estate market. Buyers compare your property with other properties offered for sale on the local real estate market. We will develop and provide you with customized marketing plan to sell your property.
• What a buyer is willing to pay based on his comparison of your Florida home with others homes currently on the market. We will provide you with Free Comparative Market Analysis (CMA).

There are two ways to help accurately determine a home’s value:

First: Comparative Market Analysis – our Realtors can provide you with a Comparative Market Analysis (CMA). This report helps establish the relative value of your home by comparing homes in your area that are currently on the market to recently sold properties with similar characteristics. We provide the CMA to our clients for free and with no obligation.

Register with us and Order a Free CMA on your Florida Home today!

Second: Appraisal - A professional appraiser looks at several factors to determine a home’s value. Appraisers research the current market value of similar homes in your area, previous sales and tax records of the home. An appraisal report is provided for fee that depends on the type of property. Professional appraisal reports can be ordered from one of our business partners.

At Florida Exclusive Realty, we will help you determine the value of your home. For a confidential consultation or for help with determining your Florida Home Value contact us today or call us at 1.305.542.1531 and talk to one of our real estate associates.