Destin Fl Real Estate-Variables That Don't Influence Your Home's Value
Is selling your Destin Florida Condo (or home) on the agenda for 2024? If so, getting the maximum money possible is important to most home sellers. Thanks to the abundance of information available these days, Destin home sellers often struggle to determine value. Let's take a closer look at variables that usually have no impact on a homes current worth...
Factors that have no Impact on your Destin Florida home's current value
1) What you originally paid for the home-- I have buyers on a regular basis reach out and tell me what a seller originally paid years ago. Thanks to public records, in most states this data is a couple of clicks away. Unless you purchased your Destin Florida home in the last year (and made no improvements) this figure is meaningless.
2) The value a third party website spits out-- These systems normally rely on published sales data and proprietary formulas to reach a figure. Without physically touring the home, such numbers are suspect.
3) What a buddy paid for a similar home in another market-- The price of a two bedroom Destin Florida condo will differ from something similar in Oklahoma City (ever seen our beach?).
5) The Amount the seller NEEDS from the transaction- I had a potential seller that wanted fair market value, plus the price of a pre-owned Porsche he had his eyes on. I walked away from that opportunity for several reasons...
6) The cost associated with fixing or replacing home systems-- Replacing a leaking roof DOES NOT equal adding the same or more value to the home. Destin home buyers expect a functioning roof. Sure we can use a new roof in our marketing, but this just gets the home is selling condition.
Prepping Your Destin Home for Market
Ready to cash in your home's equity? Call Doug Rogers RE/MAX Coastal Properties (318) 613-1994 today! Want to see how your Destin Florida home compares to the local competition? Go to Destin Florida Condos For Sale to review properties listed on the local MLS.
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