A home can depreciate in value based on supply and demand. Values fall or depreciate when supply outpaces demand, meaning when sellers outnumber buyers. Although economic conditions play a large role in whether a home’s value depreciates, other factors, such as the home’s condition and location, play a role as well. A home that has poor conditions such as a leaky roof, damage caused by mold or bug infestation, fire or weather damage, sewage problems, or structural problems especially in the basement or the roof will devalue a property.
An older home may be just as valuable as a new home if these features are up to date and concern for maintenance costs is minimal.
The quality of initial construction also affects value. Due to increased regulation of building codes, that new homes are built better than older homes.
When a house starts to show its age through a lack of maintenance, its value lessens. Wood rot, warping floor boards, cracks in the walls, falling gutters and windows that no longer close tightly all decrease a home’s value.
Brokers are real estate agents who have completed additional training and licensing requirements.
Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm.
In real estate, an agent is an individual who is licensed to sell property in their state. A broker is someone who is licensed to own their own real estate firm.
Elizabeth Funk is the Real Estate Broker for Moore Creative Realty, LLC
You might be able to cancel your mortgage escrow account and pay property taxes and insurance on your own.
Mortgage lenders often require borrowers to have an escrow account. With this kind of account, you pay a few hundred dollars extra every month on top of your monthly mortgage payment of principal and interest.
Generally, an escrow account is a prerequisite if you’re not putting at least 20% down on a home. So unless you’re bringing a sizable chunk of cash to the closing table, escrow may be unavoidable.
FHA loans, for example, always require buyers to set up escrow accounts.
The entire mortgage process has several parts, including getting pre-approved, getting the home appraised, and getting the actual loan. In a normal market, this process takes about 30 days on average.
During high-volume months, it can take longer—an average of 45 to 60 days, depending on the lender
We can determine the sales price of your home by conducting a Comparative Market Analysis or CMA.
The CMA will outline the proposed sale price, the reason for it, and include a marketing plan explaining how we expect to sell your property.
If you would like a CMA on your property, call 727-610-8274 to speak with Moore Creative Realty, LLC.
What separates Moore Creative Realty, LLC in St. Petersburg from other Real Estate Agents and Real Estate Brokers?
We do the following steps from listing to closing your home:
Yes! We will have Open Houses for you when you list your home for sale.
We serve mimosas at our Open Houses as well and the prospective buyer’s spend more time viewing your home.
We also host Broker’s Open events or private showings for you if you list our home for sale.
Yes! We offer CMA or Comparative Market Analysis for your home to assess the current value of your home.
We can determine the sales price of your home by conducting a Comparative Market Analysis or CMA. The CMA will outline the proposed sale price, the reason for it, and include a marketing plan explaining how we expect to sell your property.
If you would like a CMA on your property, call 727-610-8274
Yes! We are Waterfront Homes for Sale Specialists. We have helped so many buyers buy and sell their homes in Venetian Isles, Waterway Estates, Ponderosa Shores and Coffee Pot Bayou.
If you are looking to buy or sell a waterfront home in St. Petersburg, FL call us today at 727-610-8274.
Our recommendations to help you prepare your home to sell or list:
Absolutely! Please call us at 727-610-8274 and we will be happy to share references that you can contact direct to discuss how it has been working with me to Buy or Sell Real Estate in the St. Petersburg area with Moore Creative Realty, LLC and Elizabeth Funk.