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market value: Furnishings Are Not A Part Of Real Property - 02/01/12 10:27 AM
I had an offer come in on one of my listings today which was pretty low when compared to the recent comps sold. Along with the offer, the buyer’s agent spelled out the buyer’s thoughts on why his offer was so low. Firstly, the property needs some work so he had discounted his price based on the cost of the required repairs (about $6,000). Ok, I get that and it’s probably fair to do so. Secondly, he had discounted his offered price by $16,000 because he was going to have to furnish the home. Hmmm...Not making a lot of sense to … (10 comments)

market value: Are Davenport, FL Short Sales Worth Less Than Market Value? - 06/10/11 06:20 PM
Are Davenport, FL short sales worth less than market value? That's a good question, and I'm going to try to answer it for you. There were 362 houses sold in Davenport, FL between March 1, 2011 and June 1, 2011. They sold for an average price of $134,157. Of those, 68 were short sales. These 68 Davenport short sales sold for an average price of $118,810. 151 of these homes sold were REO/Foreclosures and sold for an average price of $109,632. Lastly there were 143 equity sales (regular sales) which sold for an average of $167,352.
Obviously short sales and … (5 comments)

 
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Nathan Tutas

Davenport, FL

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Tutas Towne Realty, Inc.

Address: 628 Grand Canal Dr, Poinciana, FL, 34759

Office Phone: (407) 870-3581

Cell Phone: (407) 870-3581

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