How Do You Determine a Home’s Worth?

Posted on February 22, 2018 by christinatwright

home-worth

February 22, 2018 Jacksonville North Carolina

How Do You Determine a Home’s Worth?

While there are several methods for determining what a home is “worth,” when it comes down to it, a home is ultimately worth what someone pays for it. Everything else is really an estimate of value. Take, for example, a hot seller’s market when demand for housing is high but the inventory of available homes for sale is low. During this time, homes can sell above and beyond the asking price as buyers bid up the price. The fair market value, or worth, is established when “a meeting of the minds” between the buyer and the seller takes place.

That said, there are several methods for determining what a home is worth.

A comparative market analysis and an appraisal are the two most common and reliable ways to determine a home’s value.

Your real estate agent can provide a comparative market analysis, an informal estimate of value based on the recent selling price of similar neighborhood properties. Reviewing comparable homes that have sold within the past year along with the listing, or asking, price on current homes for sale should prevent you from overpaying.

A certified appraiser can provide an appraisal of a home. After visiting the home to check such things as the number of rooms, improvements, size and square footage, construction quality, and the condition of the neighborhood, the appraiser then reviews recent comparable sales to determine the estimated value of the home.

Lenders normally require an appraisal – which runs between $200 to $300 – before they will approve a mortgage loan. This protects the lender by ensuring the home is worth the money you want to borrow.

You can also check recent sales in public records, through private firms, and on the Internet to help you determine a home’s potential worth.

As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.

Sincerely,

Christina Tompkins Wright
Christinatompkinswright@gmail.com
Berkshire Hathaway HomeServices Hometown, REALTORS
Office: 910-478-2637
Mobile: 910-330-5803
http://www.ChristinaTWright.com

How Can I Sell My Home Faster?

Posted on February 2, 2018 by christinatwright

Delighted at having sold

How Can I Sell My Home Faster?

Maybe you need to relocate for work. Maybe you have a new babe on the way, or are looking for a speedy downsize. Whatever the reason, if you’re looking to sell your home fast, there are a few things you can do.

Price it right. One of the most important things to consider is price. You may want to reduce the price of your home or, at the very beginning, set it at a low price that will generate more buyer interest.

Offer an incentive. Cash is often a selling incentive, both for the buyer as well as the agent. You could offer the buyer a $1,000 – $2,000 decorating rebate upon closing the deal. It is also not uncommon to offer the selling agent a $500 bonus. However, some brokers – who supervise agents and run real estate offices – may prohibit such incentives, as do some Realtor boards. Check to find out. Other common incentives: paying for the property inspection and warranty policy and getting your home preliminarily approved for FHA and VA loans, thereby making it more attractive to a larger number of buyers. Contact a lender who writes FHA-insured and VA-guaranteed loans.

Make it turn-key. If you want to sell your home faster, make sure it’s in tip-top shape. Fresh paint, energy efficient features, and a landscaped yard all go a long way toward enticing buyers looking for a speedy sale.

Timing. Timing is everything. Most agents agree the best time to sell is in the spring. This is when the largest number of potential buyers hit the market. Your home is likely to sell faster and at a higher price, although sales begin to pick up as early as February and start to slack off in July, the slowest month for real estate transactions.

Sincerely,

Christina Tompkins Wright
Christinatompkinswright@gmail.com
Berkshire Hathaway HomeServices Hometown, REALTORS
Office: 910-478-2637
Mobile: 910-330-5803
http://www.ChristinaTWright.com

Waterfront Home in Jacksonville NC

Posted on February 2, 2018 by christinatwright

Listings to Leads – eFlyers

Jacksonville, NC Home for Sale!

For Sale

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View the Property Details, Photos, Map & School information here!

3 Burton Place Jacksonville, NC 28540

Bedrooms: 4 | Bathrooms: 3 full, 2 half | List Price: $ Get Current Price | 6041 square feet

Want to come home to the perfect view and enjoy all the conveniences of city living? This riverfront home is located in a quiet cul-de-sac within walking distance to the heart of downtown Jacksonville! This custom-built home offers all the charm of an old Southern Colonial home, but it was built in 2001! There’s OVER 6000 heated sq. ft here, not to mention the unlimited water views. This property’s features include hardwood flooring throughout; 10′ ceilings; crown molding; transom windowed door frames; and unbelievable built in bookcases, cabinets and shelving. Enter into the grand foyer hallway which leads to the formal dining room with built in corner hutches. Across the hall, the family den features built in bookcases, a fireplace and beautiful water views.

Throughout the downstairs level, you’ll notice many French doors and large windows providing plenty of natural light. The light and airy feeling kitchen has an essential cooking island, smooth top stove, and an attached butler’s pantry. Open to the kitchen is the large 13×17 keeping room with water views and a wood burning stove. The master suite is one fit for a king and queen! Upstairs are 3 additional roomy bedrooms, a large media room, bonus room, and storage area! The best feature of this home however, is the outdoor space! Can you picture watching the sun rise while enjoying your morning coffee? Step out to the expansive screened in back porch! This space has plenty of ceiling fans to keep you cool on even the hottest days while you watch the water. The screened in porch leads to even larger deck, overlooking the back yard and your own private dock. Are you a fan of gardening? There’s yard space for that, and a potting shed! You do not want to miss this one-of-a-kind downtown Jacksonville home!

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