Huntsville MLS; Market value research on investment home September 12, 2011

Huntsville MLS; Market value research on investment home

Filed under: huntsville mls —

Tags: Huntsville MLS, Huntsville MLS market value
Huntsville MLS research market values


The link below is to recent Huntsville MLS activity in your rental home’s neighborhood.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=47125685853

The average sold price was $51 psf (per square foot) with a range of $33 to $60.56 psf. The average days on market was pretty low at 65 days with a range of 0 to 103 days.

There is one pending sale that was listed at $33 psf. We wont know the sold price until after closing. It has been on market since 4/14/08.

The house across the street from yours is listed at $39 psf. It has been on market since 12/30/08.

In general we price properties in a range somewhere between the average sold price to just above the highest sold price. In the current condition of the house, we would probably need to list is somewhere near the bottom of that range.

Tax records indicate that your house is 1870 square feet.

http://www.emapsplus.com/ALMadison/report.asp?County=ALMadison&PID=1405153058452840&MapImage=/Maps/pm_56985428.gif

At the lowest sold price of $33 psf the house would be $61,700. At the average sold price of $51 psf it would be $95,000.

It’s been my experience that some effort getting a house to the point that it makes a good impression always pays off in a faster, higher sale. If you are all too busy to do to work to the house, there is a man in our church that does haul out and clean up work for us. I can out you in touch with him if you like. His prices are very reasonable. If I were in your position, I would at a minimum have it cleaned out and cleaned up. The yard should be raked and cleaned up as well. It looks like the structural condition of the house is still good and that the hardwood floors are not in too bad a condition.

The link below is to a page on our website where I go into some detail on the key factors to selling a house. It may be worth the time to spend some time reading about our experiences before letting the house go for a very low price.

http://www.huntsville-homes.com/LookingtoSell

You also need to make sure that when you do get an contract for sale that the deed is clear and probate settled. We have had experiences in the past with estate properties where we had problems completing the sale because title and probate were not clear and settled.