Carlton Proctor wrote: "Housing prices continue their steady decline in the Pensacola Bay Area, accompanied by huge drops in sales volumes for new and existing single-family residences. Escambia County's total single-family home sales volume plummeted 40 percent in November compared to the previous year, according to the latest figures from Metro Market Trends Inc. In Santa Rosa County, sales volume fell 46 percent"
Read the full story HERE
Make sure you read the comments section at the bottom. Here's what Rob thinks.." I find that if you're a buyer that has 20% to put down now, you can name your price. Do your research on sites such as www.zillow.com and start from there"
My answer to that is that you're being slightly uniformed by doing that. Consult a REALTOR, who can search the MLS plus the local County Appraisers Office records to find real and true comparisons. On zillow.com it all looks good and it does have great info for buyers and sellers, however, it pulls info only from the property appraisers website. It compares houses very generally not taking into consideration the condition of the home; was it sold "as is"; upgrades etc. You can plug in all the amenities, condition and upgrades of your home, but how on earth does it know about other homes. The MLS is a sure way of finding that out because it narrows it down and gives you are more in-depth report. So start at Zillow.com but get professional help. Please
FYI... as a Buyer you don't have to pay for a real estate agent. Their commission is usually paid by the seller. So it doesn't cost you a cent to have their professional services. So why not let them do all the leg work! A CMA will be provided for any house that you are interested in.
