Homes for sale in Huntsville / lake proeprty

Homes for sale in Huntsville / Lake , Waterfront property July 28, 2011
Tags: homes for sale in Huntsville, Huntsville AL MLS homes for sale real estate
Homes for sale in Huntsville / Lake property

Huntsville Sunset
Selling any property is not magic, rocket science or dependant on the personality of the realtor. It’s just a question of getting three basic things right; price, presentation and exposure. Huntsville AL MLS homes for sale real estateHuntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.The link below is to our philosophy, developed from years of experience and research.
http://www.huntsville-homes.com/LookingtoSell
While a property like yours has a smaller buyer pool than a cookie cutter, 3 bedroom 2 bath 5 year old house within 10 minuets of Redstone Arsenal to draw from, the principles will remain the same. We can troubleshoot the listing based on calls and showing activity. If there is little or no activity, chances are that the property is either listed too high, not marketed adequately or both. If there is decent activity but no or very low offers the property may not show well. Homes for sale in HuntsvilleFrom the photos , I don’t think the appearance of the property is the problem. It looks like a very nice but older home.
The listing history of the property indicates that you purchased at $176,000 in august of 2008. The property had been on market 388 days. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=47180730
Pricing property is always a balance between getting the best possible price and selling within a reasonable time. Depending on how urgent your need to sell is and what you would like to clear in a sale there are a couple of approaches to pricing. The first is looking at comparable sales. The second is setting your target net proceeds from a sale, adding in transactions costs and a little for negotiation to arrive at a list price. That list price must within the range of comparable sales. Assuming normal transaction costs, your breakeven point on a sale will be around $180,000.
The link below is to all MLS activity since 1/1/08 of water front property in the same zip code area. (One property is on a pond)
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718899738
The link below is to a summary of the listings above.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718899740
There are seven active listings and only two sales. The active listings have been on market since 10/20/08, 3/26/08, 7/18/08, 8/3/08, 3/12/07, 8/10/08 and 7/17/08 respectively.
The feel I get is that the market is a little soft right now. Usually lake homes are second homes and with all the fear in the economy now, people may be holding off of making noncritical purchases. I know the market will turn as it always does but it’s hard to say how log it will take. We are expecting the Huntsville market to improve in the spring and summer with the beginning if BRAC jobs being filled.
I hope this information helps and please don’t hesitate to contact us if there is anything we can do to assist. I have 100 ft. of waterfront, water is seasonal, but the lot is boat accessible all of the Spring/Summer season. I have a concrete dock. I have three bedrooms, which is more than most of the waterfront houses in my area. You are right, there is a big discrepancy between the waterfront side of the street and others…It’s difficult to estimate market value on a property without having first seen it. So much depends on how well a property shows to prospective buyers. We can however determine a market range by researching recent sales of similar properties in the area.
Since your neighborhood has a wide range of types of properties ranging from very nice lake houses to mobile homes, we need to look for recent sales of properties that are similar to yours. We also need to consider if your house is on the water, if you have year round water and the depth of the water and you have a dock or boat house.
The link below is to recent MLS activity in the neighborhood.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=4718891488
There is one recent sale of a property that may be similar to yours. It sold at $175,000 in about 30 days, a pretty quick sale. There are two active listings that have been on market since August. That is an indication that the market for homes in your neighborhood may be a little soft right now. We are expecting the market to heat up this spring and summer. There are a number of new jobs that will be starting to be filled in Huntsville, interest rates are expected to continue to drop and a lot of the fear associated with the national economy should have subsided. It may be best to spend the next few months getting the house ready for market and then list it for sale in the spring.
Could you please give us some detail on the lot, water and possibly send us some photos?
The link below is to a primer on selling property. We cant overstate the importance of having a property show well to prospective buyers.
http://www.huntsville-homes.com/LookingtoSell
To help you keep current with MLS activity in your area, we have set up automated notification of new listings or changes to existing listings that may be comparable to your property. If you prefer not to receive the emails, just unsubscribe at the link at the bottom of each email.
I hope this information is helpful and don’t hesitate to contact us if we can assist in any way.