House for sale in Polk City
- Thread starter 4dyceclone
- Start date
It sold for $226k in 2013. Was the house completely remodeled for it to be listed at $280k 2 years later? (Doubt it if the house was built in 2012) Real estate market has gone up, but not that much.
Edit: Or maybe you/they finished the basement since the original purchase? That has to be what it is, but still...
Edit: Or maybe you/they finished the basement since the original purchase? That has to be what it is, but still...
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Thats my guess. half that increase is the market, half from finishing the basement
yea, you probably know way more than realtors do anyway. especially after taking 1 minute to look at a zillow listing.
To be fair, that is quite a large increase in 2 years without some substantial improvements to the property. It almost has to be a basement finish (plus they added the deck in '14). I'm no realtor but i've been actively watching the market for awhile now as i'm looking to make a move soon, and while ive seen the market go up its not been by that much by itself.
But if they finished the basement wouldn't it read bigger than 1750 sq. feet? $280k seems a bit steep for a 3 BR and 1750 sq. feet.
Nope. Listings usually list the above ground sqft. Basement space usually isnt included in that.
This home has 862 sq ft on the main level, 889 upstairs, and another 862 sq ft of basement area (unknown how much is finished, though it looks like a large amount of it)
Approx sq ft finished in basement is 600. Large family room and big bathroom. The remaining unfinished was turned into a storage room with built in shelves. We also added a fully automated sprinkler system, with bypass valve, and there is a concrete patio under the deck. I guess that is handy if someone wants to take the deck off and change things up. Saves money to do it themselves.
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If that were a cement pond, I'd have been all in!
FYI, construction people will bash you pretty harshly for calling concrete "cement"
Cement is merely an ingredient of what made that patio, which is actually called concrete.
List it with FsboHomes.com. out of urbandale
great little company.
and yes. many people know way more than realtors, especially explaining why their ridiculous 7% commission is so 1987. The Internet has revolutionalized the industry, and realtors will go by way of the phone book in coming years
I list homes for as low as 5%. 7% is not the standard anymore in most places.
Having been an agent for 10 years, I and other agents laugh at comments related to real estate agents going away. The public has zero idea of what it takes to properly market and sell homes, let alone keep deals together and get clients to closing. If they saw the fires we constantly put out and all the work that is required to be good at this profession, they would stop talking.
There is a reason that 8 out of 10 for sale by owners end up hiring an agent.
Yeah, id agree. There's lots of benefit (especially on the buyer side as well) to having a realtor and having been watching for a few months ive seen many FSBO homes on zillow eventually get relisted with a realtor and then go. Now will there be downward pressure on commissions as more test the FSBO side themselves? Sure, but will realtors ever go away completely? Absolutely not.
We are starting to look at buying and have watched nearly identical houses in the same neighborhood sell on a day or two when listed with a realtor. Meanwhile the FSBO's sit.
Lack of marketing power in most cases. To each their own though, no dog in the fight.
Yeah I certainly can't blame someone for wanting to FSBO and keep more of the money. Especially if you are not in a hurry.
