Why did this home sell so quickly, at full asking price? The first rule to selling any home is to appropriately price (position) your home. Which is why it is best to hire a professional (a Realtor) to assist with the sale of your home, more often than not, you will sell quicker and make a larger profit than if you try to sell or buy on your own. Besides knowing the market and current trends, a professional will help you navigate the many stages of home selling and buying. You will need other professionals like lawyer, inspectors, title company, apprais0rs, lending institutions, surveyors just to name a few.
This property was not just a great family home on the Southside of St. Thomas with Atlantic views from every room in the home except the bathrooms. So the home was nicely located. The owner and buyer, both choose well.
There are two separate living spaces, the main house with an apartment below for a total of three bedrooms an office and three bathrooms. A solid concrete home, with a rarely found flat back yard, combined with a carport for easy indoor/outdoor living. You have the potential for income if you choose to supplement your income to assist with the mortgage and space for comfortable family living. Income-producing properties can qualify for 1031 exchanges.
The Seller chose a stable neighborhood and many Buyers will look for the same stability. There are more adventuresome Buyers and Sellers who prefer speculative opportunities.
The Seller maintained the home nicely over the years and made strategic improvements. New kitchens in the main house and the apartment expanded the living room and added an office in the main house.
Despite the hurricanes of 2017, being two years ago, part of their impact has been a shortage of livable homes in this price range
. If you own a home you believe may be in this price range and have been thinking of selling please call (340) 344 2959 for a private consultation and free marketing analysis.
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