I'am about to put my beautiful home in the market for 600,00? Who would honestly buy it?

Question

I'am the original owner, I had the house made to my likings. It is fully renovated these are the listed features
-brand new marble tiles, ($8 a square foot)
- brand new mericier canadian maple hardwood floors
-2500 square feet
-seperate family room, living room, dinette, formal dining
-staniless steel, 2 month old kenmore appliances
- home theater in the basement, finished basement, and excercise room in baement
- 1 year old above ground pool in backyard
- new windows, with a special insulin, to hold in heat/cool
-air conditioning/heating
- very close to new york city, transportation is available nearby
- 4 bedrooms, 3 1/2 bathrooms, (1 full bath in basement)
- High ceiling in foryer, with nice, big chandelier, and the formal dining room also has a chandelier.
- New carpet on second floor, staircase
- All the bathrooms redone, with new tiles, lighting, tub redone by bath fitters.
- Large backyard with deck, 2 car garage
- kitchen redone with coutertop/cabinets

to be specific, 45 minutes from new york city. I'am still not 100% if I want to sell, I absolutely love the home. I might not actually, but I just want some feedback. The house is in NEW JERSEY 10 MINUTES (3 MILES) FROM THE JERSEY SHORE AND 40 MINUTES FROM SIX FLAGS GREAT ADVENTURE.

Answer 1

I don't know your area or your beautiful home . You need to do research of similar properties in your area and Your local Real estate agents will help you out there. So you must have a good reason to want to move on just Remember this home holds happy memories and will always be part of your life so you will never take that away from your mind but there are times in life to move on . Possesions are what the word says , they possess you and until you are ready to not allow them to posses you further then you can make a clearer move. We never own anything for aeons we are custodian of things in our life time. So if you do sell up I hope your move is beneficial and your mind will move with the change. Good luck

Answer 2

I would go with the fixed based on the above inf. ARM do have their place, but not for most. If you do not over buy they can save money in the sort run if the interest rate is lower. The problem is like Rob V said the real you in. They will usually have prepayment penalties. If they don't you have ANY penalties can get one at a low interest and be prepared to switch. The rate has to be MUCH lower to compensate for the extra fees you will pay for your new loan. Watch the market when they start going up switch to a fixed.

Answer 3

HGTV has a program that property is assessed by Realtors that know the market real well, and they give opinions of the resale value of the home.

Why not just bring in a couple of different agents and get their opinions. Make sure that they work your neighborhood and type of home that you own. They can offer you comps in your area, too, which would help you get a better ballpark figure of what homes of your caliber & location are going for.

101607 5:09

Answer 4

Have a number of realtors, who are experienced in your specific geographic location, come and value the house, and then chose the realtor you feel most comfortable working with.

Check with friends and neighbors for recommendations, too.

It sounds good value, but then, I live in Southern California, and you wouldn't get a 1 bed apartment here for that price.

Answer 5

I would have to see the house.. If I had that kind of money to spend though, I would want a custom built home. Not saying your house isn't nice. Just saying I would want to actually build the floor plan.

I'm sure it will sell with no problem. Good luck.

Answer 6

I would make the price alot more...in San Diego a house like that would cost WAY more. (except the fact that it s close to New York ctiy and 6 Flags and it has a basement)

Answer 7

That seriously sounds like a dream! I would totally buy it. It reminds me of the houses on MTV Cribs. Such a good description too, it's ideal, love it. If that's going to be in your add, your for SURE to have someone wanting it!

Answer 8

Honestly... I would wait... the market is horrible right now for sellers.. you will probably not get the asking price... I would talk to a realtor.. and just have them keep an eye on the market and let you know when it is up again...Because the way things are right now... it will probably sit on the market for awhile. .... Good luck!

Answer 9

Well I couldn't afford it myself but I'm sure someone would buy it for less then what your offering about 200,000 less. But then again whoever buys will have to look at locations,areas and the housing market value around your area.

Answer 10

This looks more like an ad than a question.

Who knows who'll buy it? Ask local Realtors.