Profile picture for lschein

home value

4 bedrooms
3 bathrooms
2850 sq.ft. home
12000 sq.ft. lot
built 1964
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January 31 2011 - Corte Madera
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The Wall Street Journal reported January 31 that Home Prices Sink Further - Declines Reported in All 28 Major Metropolitan Areas; Unsold Inventory Piles Up
"Home values are falling at an accelerating rate in many cities across the U.S.  The Wall Street Journal's latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter when compared to a year earlier."
Can you afford the list, wait, and continuously reduce method of selling?  Do you want to continue to pay the current mortgage, insurance, taxes and maintenance and upkeep of the property all while your property continues to become worth less?
Do you want to be just one of the many properties listed that continually has the price negotiated lower and lower?
How can you find out your home value? 
Have an auction! 
Force the market t bring the reality of what your property is worth with qualified buyers who will compete to buy your home!  This is what "traditional" real estate sales with an Agent/Realtor/Broker is not capable of doing.
You may hear people tell you to "list" the property at a "realistic" price.  What exactly is realistic?  Once you put a price on the property it only gets negotiated down. 
So what can you do?
You have several options.
1) Use the list, wait, reduce, wait and continuously reduce method of selling where you tell the world what you are willing to settle for by putting a price tag on your property.
2) Use the auction method where only you and the auctioneer know what you will accept and make a decision the day of auction if you want to take the highest bid and have qualified buyers compete to purchase your property at fair market value.
3) Try to do it all yourself.
The auction method is the cleanest and most true and tried method of easily selling real and personal property in the world.  The auction method dates back to B.C. and is the method that over 90% of real property is sold around the world.  Auctioneers have kept it all simple for centuries where they help their clients reach their goals.  Auctioneers are not paying lobbyists to buy off legislators to eliminate other methods of selling like the funds paid by Agents/Realtors/Brokers - example: New Jersey.
There is a real and viable alternative for property owners today to find out what their home is worth and many are becoming one the wiser to realizing that there is a way to actually know when their real real estate will be sold where they have qualified buyers compete to own the property at fair market value...
View the video report about "The U.S. houseing market may take five or six more years to recover, TrimTabs Investment Research warned recently."
So can you afford to use the list, wait, reduce and continuously wait while reducing and settling for less method of selling while your home becomes worth less and less?
With the the Auction Method when buyers compete, sellers win?
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February 02 2011
Profile picture for plowman33

eleventy dollars...

It's impossible to tell what your house would be worth without an exact address...    And even then, the best that can be done over the internet is a guesstimate...

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February 02 2011
 
Related Questions
home value
Profile picture for Skip Dreibelbis
Latest answer by Skip Dreibelbis
February 02 2011 | 2 answers
  • Asked by lschein
  • In Pricing
  • January 31 2011
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