True, Current and Accurate Home Value Analysis

Here is the complete 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.

You may have known there had been increasing market values since 2011. It had hit the peak values when Covid happened. Then the market became the highest values in history until June of this year. 

The market has completely changed with more homes being reduced in price or not selling at all than in 2008 to 2011. No more over the asking price offers. There is a very big slowdown with inventory low. Inflation and rising mortgage rates have caused this to happen. Rates will still be going up to possible double digits until the inflation rate goes back down to 2% as stated by the Federal Reserve. 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 numbers 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 but not soon. 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 up to date research as of this week that we’ve compiled in your area of SW Ranches, your value would be $2,000,000. This is based on the 99,642 sqft lot space, 12 horse stalls with electric, large horse training area, 5,000+ sqft AC space, 5 bedrooms (big master)/4 baths, office, 1 rental bedroom with bath and kitchen, large “Artist Room”, oversized kitchen area, new roof, screened pool/patio, impact and panel hurricane protection plus more.

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.

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 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 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.

If you were to consider moving in the future, we would 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.