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On March 26, 2010, In analysis market, by admin
My friends real estate agent wouldn’t give them a comparable market analysis before they made an offer on a house. Is the agent required to provide that? This is in California. They feel as though the agent was trying to inflate the offer by not showing them recent sales info.
They have been working with the agent for a while and they have signed a paper/agreement for the agent to represent them as buyers.
They already made the offer on the house and now are negotiating the sellers counter offer. To the comment below, its my understanding agents do work for the buyers for free, its the seller that pays.
On March 16, 2010, In compare market, by admin
The following stats shows the neighborhood activity in Neely Farm Subdivision from January 1st 2009 to July 29th 2009. This list does not include any sales like For Sale By Owners that were not listed in the Multiple Listing Service.
ACTIVE LISTINGS:
3 Windchime Ct. 2000-2199 sq.ft. $185,900
9 Southbridge Ct. 2000-2199 sq.ft. $188,900
10 Hammel Ct. 1800-1999 sq.ft. $189,000
6 Southbridge Ct. 1800-1999 sq.ft. $192,500
414 Wild Horse Creek Dr. 2200-2399 sq.ft. $209,500
219 Neely Crossing Ln. 2200-2399 sq.ft. $209,900
306 Wild Horse Creek Dr. 2400-2599 sq.ft. $219,900
6 Woodbluff Pl. 2400-2599 sq.ft. $235,000
1005 Farming Creek Dr. 2400-2599 sq.ft. $239,900
239 Deer Springs Ln. 2800-2999 sq.ft. $242,800
703 Farming Creek Dr. 2800-2999 sq.ft. $252,900
707 Farming Creek Dr. 2800-2999 sq.ft. $254,900
8 Braywood Ct. 2400-2599 sq.ft. $277,900
803 Worchester Pl. 2800-2999 sq.ft. $279,900
1 Crested Owl Pl. 3800-3999 sq.ft. $285,000
209 Worchester Pl. 3000-3199 sq.ft. $289,900
PENDING / CONTINGENCY CONTRACT:
207 Wild Horse Creek Dr. 2000-2199 sq.ft. $159,900
4 Southbridge Ct. 1600-1799 sq.ft. $167,900
407 Wild Horse Creek Dr. 2000-2199 sq.ft. $199,900
14 Indian Laurel Ct. 2000-2199 sq.ft. $229,900
702 Farming Creek Dr. 3000-3199 sq.ft $265,000
8 Bridlestone Ct. 3200-3399 sq.ft $274,900
3 Foxglen Ct. 3200-3399 sq.ft. $294,900
5 Red Gate Ct. 2200-2399 sq.ft. $194,900
8 Southbridge Ct. 2000-2199 sq.ft. $215,000
SOLD LISTINGS:
6 Windchime Ct. 2070 sq.ft. $89.37 per Sq.ft.
223 Neely Crossing Ln. 2100 sq.ft. $89.52 per sq.ft.
210 Deer Spring Ln. 2600 sq.ft. $73.08 per sq.ft.
224 Neely Crossing Ln. 2057 sq.ft. $92.37 per sq.ft.
301 Deer Spring Ln. 2617 sq.ft. $77.53
4 Moss Spring Ct. 2020 sq.ft. $103.71 per sq.ft.
308 Deer Spring Ln. 2531 sq.ft. $82.97 per sq.ft.
Feel free to call me anytime at 864-525-0201 to find out how much your home is worth. Contact me for your Neely Farm real estate needs.
Victor Amadi – Your Simpsonville and Greater Greenville SC Real Estate Resource
As your Simpsonville SC and Greater Greenville residential Realtor, I am committed to staying up to date with local information, education, and technology. My intention is to be an invaluable real estate resource. So, whether you are buying or selling real estate in Simpsonville SC, Greenville SC, Greer SC, Easley SC, Mauldin SC, Fountain Inn SC, Pickens, Powdersville, Taylors, or other Upstate SC areas, I have the tools, knowledge, experience, and resources necessary to make your experience an enjoyable and successful one. I can also help you avoid foreclosure, find Foreclosures and Short sale Properties, listings and Homes for Sale. Call me at 864-525-0201 so we can discuss how I can help make your next real estate transaction a success.
On March 4, 2010, In compare market, by admin
If you are planning to sell your home, you’ll want your agent to provide you with a comparative market analysis, which is often called a CMA. If you’re selling your home, it’s definitely a great idea to understand what a CMA is , what it should include, and why it’s so important.
Basically a comparative market analysis is a special report of comparable home sales. It can be anywhere from two to 50 pages, depending on the complexity of the specific report. Standard CMAs should include the following important data on them for you to peruse.
Active, Pending, and Sold Listings
First of all, you’ll find that a comparable market analysis should include active, pending, and sold listings. Here’s the breakdown of those listings:
Active listings are the listings of homes for sale at the current time. This matters because they are your competition, but it doesn’t mean that they indicate the market value and the prices may not all be realistic either. They won’t reflect the market value until they actually do sell.
The pending listings are listings that used to be active, but they are currently under contract. Since they haven’t closed, you can use them for comparable sales.
Sold listings include homes that have been closed on in the previous six months. These can be used as comparable sales, and it’s important that you take a close look at these listings.
Properties Canceled, Withdrawn, or Off the Market
Another thing you’ll find listed in a good comparable market analysis is a look at properties that have been canceled, withdrawn, or taken off the market. They can be taken off for various reasons. They may be taken off the market because of seller’s remorse, because of repair requests made, because the seller decided to fire the agent, or they were over priced.
There are also expired listings that may be on the CMA. The sale prices are usually high, which shows that they were probably priced unreasonably. Sometimes listings can expire because they needed repairs or they were not marketed aggressively.
An Examination of Comparable Sales
The comparable sales are the sales that are close to your own home that you are trying to sell. Homes on the list should be very close to the condition, size, and shape of your current home. Here are important things that should be considered when it comes to the comparable sales:
Construction Age – Comparable sales should have a similar construction age as your home. They should be within just a few years of your home.
Square Footage – The square footage is another thing that homes will be compared on. Homes that have a larger amount of square footage are worth less for each square foot than the smaller homes. Comparables should be within in 200-400 square feet of the home you’re trying to sell.
Home Location – The location is going to have a lot to do with the value of your home. This means that your comparables have to be in a similar location.
The Condition of the Home – The condition of your home is important too. If it’s remodeled, it’s worth more. If you have several baths, your home will be worth more. If it needs maintenance, it will be worth less.
These are just a few of the things that should be on a comparable market analysis. The whole goal of the CMA is to give you an idea of comparable sales so you know what type of price your home can command and it can give you a better idea at how successful you’ll be at selling your home as well.
On February 22, 2010, In compare market, by admin
On January 27, 2010, In market research companies, by admin
For this Realestatezing.com aims to be the de facto source of information for any type of real estate query in USA and covers the domain of realty extensively to offer answers to all the questions that arise when we plan to buy, sell or avail Rental Homes in USA. You can get information on the USA rental homes, housing authorities, home builders, real estate agents and much more. The website links of real estate services in different states and cities of US make your journey to your dream home very easy.
Housing Authority USA
The USA Housing Authority or the United States Housing Authority (USHA) was established in 1937 with a mission to lend money for low-cost construction specially designed for the low-income group. The project started with 6,50,000 low income people. USHA had really worked to upgrade the housing of people thus community and nation. Houses, owing to the strategic work done by United States Housing Authority had replaced the slums existed in 20th century in USA. Before buying a home in USA it is important to know the housing authority in your area so that you can come to know the jurisdiction under which it falls in your area.
To streamline the work of housing authority, the Public Housing Authorities Directors Association (PHADA) was established in 1979 and today has around 1900 professional administrators across United States of America who obtains ample funding for low-income housing programs. Housing authorities in USA are providing housing to all and are leaving no stone unturned in doing this.
The USA Department of Housing and Urban Development (HUD) works with an aim to provide homeownership to all the residents of USA along with the development of communities. US Housing Act was formulated in 1937 and the Department of Housing and Urban Development Act of 1965 had created HUD, which was a cabinet level agency at that time. But now it has become a name, which works toward the betterment of lifestyle and living. HUD’s Housing programs and options include single-family housing, multifamily housing and regulatory programs. The Council of Large Public Housing Authorities (CLPHA) is a non-profit organization at national level that through its work, research, support and public education develop the civic and affordable housing.
State Housing Authorities
In USA, Housing Authorities also exist at State and city level. The Housing Authority of the City of Los Angeles (HACLA) is one of the largest housing authorities in USA. The Housing Authority Los Angeles offers reasonably priced housing in Los Angeles for which the United States Department of Housing and Urban Development provides fund. Along with USHA many city and State level agencies, non-profit organizations, community-based organizations and private developers also do the funding. The New York City Housing Authority (NYCHA) offers respectable, safe and in-expensive housing for low and moderate-income group. NYCHA works throughout the five boroughs. The housing authority is the largest housing agency in North America. It has more than 178,000 apartments and 13,000 employees. Along with governmental housing authorities in USA there are many private housing agencies also. Housing works is one such nonprofit making organization that provides housing to homeless and low-income people living with HIV/AIDS.
All the USA housing authorities has one goal that is to provide housing to all. Same like this Chicago Housing Authority, housing authority of Baltimore city, Cook County and housing authority of Santa Clara County and other housing authorities in United States are also doing wonderful job in the housing market of USA.
Federal Housing Authorities
Along with this the Federal Housing Administration (FHA), which is a part of the Department of Housing and Urban Development (HUD) and an agency of Federal Government provides insurance against private loans. It provides lenders an assurance against the risk of giving home loans. USA property market has seen major changes with these housing authorities, real estate agents, homebuilders etc. The population estimates are made from the housing units in Unites States of America. The statistics show that US housing market is seeing a crash and slump in which rents are 3% of purchase price. Housing market is further showing the increase in the rate of interest from 5% to 7%. The economic bubble in US housing bubble started around 2001 in certain areas such as California, Florida, New York, suburbs in Chicago and Detroit. The Financial Forecast Center (FFC) since 1997 has been coming up with financial market forecast. FFC is a privately owned Texas corporation located in Houston, TX, USA.US housing starts show the number of residential building development projects started under the specific period of time. Generally a month, which is the key economic indicator, is the time period for housing starts in US. The Housing Authorities in cities of USA do the city level developments in infrastructure by the team of professionals. These housing authorities in USA are changing the living scenario.
On December 2, 2009, In compare market, by admin
Buying land can be seen as a stagnant investment by few. However, if you compare investing in land with other investments that you want to make, you would know that investing in land is one of the best decisions you will make in your life.
Buying land as an investment requires a deep understanding of the growth potential of the place you buy in. Buying land next to a highway will be excellent. However, are you buying land in a saturated market? Or are you buying land in a growing market? Many of us may know the I-635 and I-75 highway flyovers under construction. In the same way, when you buy land, you should see the proposals of growth for highways and infrastructure projects. Study the trends in business growth and migration. Taxation policy for businesses may be something you want to observe.
Land is an excellent investment. Not only does it ensure security, it also ensures growth. Land maximizes utility and has a greater return on investment (ROI) than stocks or a Certificate of Deposit (CD). Should you want to build a house on your land, you can do so. You can sell it to a developer should there be an increase in demand for the property due to mobility of workforce or people into the area. Let us take the DFW real estate area. The DFW real estate market has Dallas homes for sale that have excellent amenities and the land in the DFW, Texas real estate area is valuable considering the growth potential of the metroplex. The development of highways, infrastructure projects and increasing connectivity of the local transportation has increased the value of land in the metroplex.
Let us examine investment in land by looking at a few other investment options. If you buy a CD, the ROI can be lower than the inflation rate. So, you may be basically losing money by investing in a CD. It may be better to pay more money to your land payment and ensure that it applies to the principal. Now, regarding investing in stocks, there are very few stocks that perform exceedingly well. Many stocks underperform or don’t give the return on investment that one hopes for. Unless you invest in a startup with excellent growth potential, it is unlikely to have a ROI that is more than the ROI on a land investment.
If you consider the ratio of land/person, the ratio shows that the land per person is reducing every day. Population growth in the last century outgrew the population growth in the century preceding it. Land is limited in supply. So, land is valuable and ensures a better return on your investment. Even if the land loses value, you will have the land and slowly the land will regain its value. Land is a safe investment. With all the reasons listed above, buying land is an excellent investment.
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