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South Daytona Real Estate Listings and Sales 2000-2009 Market Reports
South Daytona real estate sellers: I believe you'll appreciate this compilation of real estate data, which can help you see the big picture when it comes to selling your South Daytona house, condo, townhouse, vacant land, or any type of investment property. It's not just about how much your neighbors are asking for their house. It's not even about the last 6 months of comparable real estate sales. In recent months, many lenders have wanted to see only 3 months of recent sales data. And while sales have been improving, the improvement has been in small increments, and many of the sales have been foreclosures.
In case you're wondering, your buyer's appraiser WILL include the foreclosures when they appraise your home. Unfortunately, the lender (who decides who will handle the appraisal) will dictate how the appraisal must be done. And if they feel there's even the slightest chance that the local real estate market has not finished correcting itself, the lender will personally adjust the appraised value downward. So yes, those foreclosed (IE: Real Estate Owned, or REO) sales DO count!
So when your REALTOR® (or real estate agent) brings you the Comparative Market Analysis (CMA) for your South Daytona real ... more

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