This is a real example of our True, Current and Accurate Value Analysis. There is additional valuable information about appraisers, market changes plus more. As you will see it is completely detailed and not like any online values that are wrong. Those web sites do not know anything about your home, so there is no way it can be right unless by just luck.
They have disclaimers that they are off by 10 to 15% or more. On a $2,000,000 estimate that is up to $300,000 off. Must see links at end of
the example for other details about what we have to offer you regarding selling your home.
Contact us if you have questions about buying or selling a home.
Lee Jenkins Real Estate Professionals – RE/MAX Select Group
Direct and Text: 954-540-8509 Lee@LeeJenkins.com
See Home Value here
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.
We look at Pending/Back Up Contracts also to help with the research. Dom-Days on Market. CG–Car Garage. We researched SW Ranches, back up and pending sales, active homes from $1,500,000 to $2,500,000 in last 90 days. Only included active, under contract homes that would have effect on your home price because don’t know closed sale prices.
5/4/loft/2 CG/pool/2 CG/5,371 sqft AC space/81,291 canal lot/no roof or AC ages given/impact
windows & doors/completely upgraded entire home.
6/6/2 CG/pool/5,068 sqft AC space/38,267 lot/2021 metal roof/no AC ages given/hurricane panels only/all upgraded entire home/open floor plan.
5/5/4 CG/built 2004/pool with very big patio/4,419 sqft AC space/93,799 lot/impact windows and doors/shingle roof no age given probably 2004/no AC ages given/all upgraded inside.
4/3.5/pool with spa/2 CG/3,346 sqft AC space/90,654 lot/no roof or AC ages given/accordions and panels/all upgraded inside. Asked $1,749,000. Reduced $1,695,000. Reduced $1,595,000. Closed $1,525,000. Dom 83.
*Will not know sold price until closed.
6/4/solar heated pool/spa/no garage/4,368 sqft AC space/106,286 lot/roof 2016/ACs 2015/impact windows and doors/whole house generator/kitchen not new/baths updated/2nd room with small kitchen/all tiles and wood floors/gated.
4/4/2 CG/pool/basement/4,256 sqft AC space/78,276 lot/no roof or AC ages given/no hurricane
protection given/kitchen and baths upgraded/marble floors.
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.
We belong to an extremely knowledgeable Real Estate Coaching Group for over 11 years. We are truly informed and educated by the month. He works with experts who are totally involved in the economic, monetary trends and futures. A very high percentage of the time what they predict becomes true.
You will be set up on our ****Free Market Update Program**** that will keep you updated by showing any new homes on the market, under contract, up or down in price, back on the market and closed. We will also do extra research of any ones you have questions about to find out roof and AC ages, if back on the market and why, true days on the market, etc.
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.
We caution you not to pay any attention to tax assessed values or online computer
generated searches such as Zillow, etc. These online sites use a dollar cost average per square foot which may include larger homes or smaller homes in the same area as comparables to your home. Their “Estimates” have absolutely ZERO bearing on real home sale values. As proof, the owner of Zillow sold his home in Seattle in 2018 for $710,000 LESS than what Zillow said it was worth.
We give free tips to many homeowners on a regular basis about some inexpensive changes to your home to add value. Feel free to reply to us if you have questions about your current value. You can simply give us a call, text or email at the numbers below. We are always happy to help. We
have our 28 Tips You Should Know To Get Your Home Sold Fast and For Top Dollar. If wanted - let us know.
We are very pleased to say we are old school and actually answer the phone days, nights and weekends. If we are with family, friends, clients, maybe in a pool or ocean, having surgery (hopefully not), driving, etc., we always call back as soon as we can. We honestly enjoy hearing and talking with anyone. So call, text, email us for any reason at any time about anything, real estate related or not. In person meetings have always worked out the best for clients over the last 40 years but with today’s problems and the new way of doing many things, we are also doing Zoom
meetings so we can see each other!
We are always grateful for any and all opportunities of providing you and anyone else with all our professional services and expert advice. We truly hope you, all family, friends, neighbors, business associates and anyone else you know are all really well now and in the future.
Lee Jenkins – Team Leader
Tim Callahan – Marketing, Researcher, Client Coordinator, USAF Veteran 1970
Lee Jenkins Real Estate Specialists – RE/MAX Select Group
Direct and Text: 954-540-8509 Lee@LeeJenkins.com
If you like what we do based on this analysis and other included information, we would be truly
happy to help any family, friends, neighbors, business associates or anyone else you may know, either
selling or buying. We will give them the same kind of home value if wanted and other included detailed information by email, mail or in person for them to know all about us before actually considering a meeting with us. Plus, a $50 Publix Gift Card for you just for the referral and an
additional exceptionally generous gift card for you if they decide to let us help them.
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