True, Current and Accurate Home Value Analysis

Included are the completely detailed research on the value of your home. Thank you for investing your valuable time with us so we would know about your house. We know everyone is busy with life but: ****This is an extremely detailed analysis and we sincerely encourage you to read all of it for your benefit.**** Of the over 200 home value requests we get yearly, most are just curious and not looking to move soon. We still prepare the current accurate values. Any questions, please don’t hesitate to call, text or email us. Whenever ready, we will create a detailed plan of action for your specific situation. Very Important – You Will Only and Always Be Communicating Directly With Us!

You may have known there was the increasing market values since 2011. It had hit the new peak values when Covid happened. Then the truly unexpected market became the highest values in history until June of 2022. 

The market has completely changed across the USA with more homes being reduced in price or not selling at all than in 2008 to 2011. There are almost no over the price offers. There is a very big slowdown with inventory low. Inflation and rising mortgage rates have caused this to happen. Mortgage Rates were at 6% or so but have now 30 year rates have gone up as high as 8.2%. Will not be a quick reversal with expert predictions of a year or so to get back to some normalcy. 

As always, home values vary based on a number of reasons including condition, amenities and timing of the market. You may not be considering moving right away but as life changes happen, homeowners still will be wanting and needing to sell their homes. Downsizing, need larger homes for family reasons, medical, job loss, relocations or other reasons. 

It will get back to normal. You may already know that the normal real estate market goes in 6 to 8 year cycles of up and down which will eventually happen.

**Based on the research as of this week in your area of SW Ranches and Davie, your value would be $1,100,000. This is based on the details you gave us when we met at your home - cul de sac 61,214 sqft lot space with huge area of open space because home on South end of property, newer roof and AC, 2,391 sqft AC space, 4 bedrooms, 3 baths, tile floors, screened pool, solar panels, impact windows, oversized 2 car garage, very long circular driveway.

Until closed, the Back Up, Pending Sale and Active homes above have no bearing on current values because only closed homes are used by appraisers.

These are the major comparable amounts that appraisers use - extra sqft AC space possible $3,000 per room or more in value depending on differences/extra bedroom $5,000 to $7,500 in value/lake lots or pools $10,000 to $15,000 extra each in value depending on sqft and water area size/lot sizes vary: 

For example an average empty acre in Broward will be between $300,000 and $400,000.

Appraisers also look at inside and outside condition, upgrades, roof and AC ages, plus more. They very rarely give what most owners would want for remodeled kitchens, flooring, baths, etc. For example an average empty acre in Broward will be between $300,000 and $400,000. Appraisers also look at inside and outside condition, upgrades, roof and AC ages, plus more. They very rarely give what most owners would want for remodeled kitchens, flooring, baths, etc.

If roof ages are not given in any of the homes in this analysis and those sold homes did not pass roof inspection, insurance may be an issue. All insurance companies have become very strict about new policies regarding roofs. Tile roofs only given life of 25 or less years even though they last at least 35 years. Shingle roofs only 20 years and in some cases less. A few companies will insure less than 3 or 5 years of life left but higher premiums. If roof is 20 years old, then only 5 years of life left. May not affect your rates if not moving. Any owner selling and new homeowner could have a problem. We know there are questions, so call us for more details.

If considering doing any more upgrades than you already have and would like some suggestions of how much to do, we will be happy to give you completely free expert advice.

We hope the information provided in this evaluation is truly helpful to you because the data is detailed and current for your benefit, ****not just a maybe value.**** We will keep you updated on the market and you can contact us at any time about anything with any questions real estate related or not.

When you are considering moving in the future even years away, we will provide a new, current value. We provide this free of charge as our sole purpose is to ensure we are consistently keeping you up to date on the market. *****As mentioned previously, projections by the experts nationwide about the real estate market are that the values are going down but not at the bottom yet.***** Of course, there is no crystal ball but that is why we will keep you updated so you can make the best decisions for your specific situation.