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Saturday, February 14, 2009

What is your Viera home worth?

Rarely do home owners have a realistic idea of the value of their home or condo. With the advent of the Internet – a wonderful tool – many sites purport to give you a “value” but there are limits to the usefulness of those values.

In the Viera and Rockledge area I was speaking with a seller yesterday who had an opinion of value that was at least 25% higher than anything that sold on their street in the past year!

When advised of their overly optimistic opinion they replied they were in no hurry to sell. That is good.

So what is your home really worth? There are countless responses to that question.

First, it is worth what a willing buyer is willing to pay in an arm’s length, fair market (non short sale, etc) transaction.

Next it is worth….wait…it is only worth what the market says it is worth.

No one knows the future. Values may climb over a few years as real estate is cyclical. As a seller, you can set the price but in the end it is the market that sets the value.

Considering selling your Viera or Rockledge home, please give me a call. I would welcome a chance to discuss your home’s market value.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, 32-693-3850, email

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