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Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896...

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Researched and prepared by Steven Silcock Prepared exclusively for Michael Jacobs Prepared on December 07, 2015 Steven Silcock BARDELL REAL ESTATE 9110 US HWY 192 Clermont, Florida 34714 407-574-0218 [email protected] "This is an opinion of value or Comparative Market Analysis and should not be considered an appraisal . In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation ." Subject Property 1622 Pine Ridge DR Davenport 33896-4744
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Page 1: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Researched and prepared by

Steven Silcock

Prepared exclusively for

Michael Jacobs

Prepared on

December 07, 2015

Steven Silcock

BARDELL REAL ESTATE

9110 US HWY 192

Clermont, Florida 34714

407-574-0218

[email protected]

"This is an opinion of value or Comparative Market Analysis and should not be considered an appraisal . In making any

decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or

analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation ."

Subject Property

1622 Pine Ridge DR

Davenport

33896-4744

Page 2: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Summary of Comparable Listings

This page summarizes the comparable listings contained in this market analysis.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

Address Price Bds Bth Sqft Ht DOM

Active Listings

4 3

List DateAcres

0.13019601622 Pine Ridge DR , Davenport

$185,000 4 3 09/25/2015 73247 SAND RIDGE DRIVE FL 0.1301,960

$189,000 4 3 09/18/2015 80276 SAND RIDGE DRIVE FL 0.1301,960

$205,000 4 3 08/14/2015 1151449 PINE RIDGE DRIVE FL 0.1301,910

Averages: 4.0 3.0 89$193,000 1,943 0.130

Address Price Bds Bth Sqft Ht DOM

Sold Listings

4 3

SLD DateAcres

0.13019601622 Pine Ridge DR , Davenport

$180,000 4 3 09/08/2015 1061040 PINE RIDGE DRIVE FL 0.1301,910

Averages: 4.0 3.0 106$180,000 1,910 0.130

MedianLow Average High Count

$180,000Comparable Price $187,000 $189,750 $205,000 4

Adjusted Comparable Price $180,000 $187,000 $189,750 $205,000 4

On Average, the 'Sold' status comparable listings sold in 106 days for $180,000

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 3: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

CMA Price AdjustmentsThis page outlines the subject property versus comparables properties.

Monday, December 7, 2015

Polk, 33896

1622 Pine Ridge DR

Subject Property

1622 Pine Ridge DR , Davenport

MLS#

Status

List Price

List Date

Sold Price

Sold Date

Subdiv Windwood Bay Ph 02

County Polk

Zip 33896

Sqft Heated 1960

# Floors

DOM

Beds 4

Baths 3 (3 )

Parking

Pool In-ground

2004Year Built

Acres 0.13

Remarks:

Price

Total Adjustments

Adjusted Price

247 SAND RIDGE DRIVE FL

Details Adjust

P4707203

Active

$185,000

09/25/2015

WINDWOOD BAY PH 01 0

0Polk

033896

1,960 0

0

73 0

4 0

3 (3 0) 0/0

Community, Private 0

02004

0.13 0

This well maintained 4 bedroom 3 bath home

is located in the popular community of

Windwood Bay located just off Hwy 54.

Formal dining entertainment can be done with

ease from your separate dining area or a

more relaxed eating space is just off the

kitchen with sitting space in the family room.

There is access from the kitchen/family area

$0

$185,000

$185,000

276 SAND RIDGE DRIVE FL

Details Adjust

S4820620

Active

$189,000

09/18/2015

WINDWOOD BAY PH 01 0

0Polk

033896

1,960 0

0

80 0

4 0

3 (3 0) 0/0

Private 0

02004

0.13 0

Price reduced on Beautiful Pool home located

in Windwood Bay, Davenport. Walk into your

new fully furnished Turnkey home and be

met by Cathedral Ceilings which give height

to a bright spacious open plan Living Room

and Formal Dining Room. To the left are two

spacious Bedrooms and a full large bathroom

to share. The laundry room is fully equipped

$0

$189,000

$189,000

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 4: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

CMA Price AdjustmentsThis page outlines the subject property versus comparables properties.

Monday, December 7, 2015

Polk, 33896

1622 Pine Ridge DR

Subject Property

1622 Pine Ridge DR , Davenport

MLS#

Status

List Price

List Date

Sold Price

Sold Date

Subdiv Windwood Bay Ph 02

County Polk

Zip 33896

Sqft Heated 1960

# Floors

DOM

Beds 4

Baths 3 (3 )

Parking

Pool In-ground

2004Year Built

Acres 0.13

Remarks:

Price

Total Adjustments

Adjusted Price

1449 PINE RIDGE DRIVE FL

Details Adjust

S4819072

Active

$205,000

08/14/2015

WINDWOOD BAY PH 02 0

0Polk

033896

1,910 0

0

115 0

4 0

3 (3 0) 0/0

Private 0

02005

0.13 0

Fully furnished 4 bedroom, 3 bathroom single

story home with a heated pool close to

Champions Gate and Disney. This home has

been owned by the owners since new and

has been well maintained and is in superb

condition. This home benefits from two

ensuite bedrooms and two spacious tiled

living areas and there are no immediate rear

$0

$205,000

$205,000

1040 PINE RIDGE DRIVE FL

Details Adjust

P4704452

Sold

$185,000

03/26/2015

$180,000

09/08/2015

WINDWOOD BAY PH 2 0

0Polk

033896

1,910 0

0

106 0

4 0

3 (3 0) 0/0

Private 0

02005

0.13 0

Great Floor Plan for Residential or rental.

Double master bedrooms, large Formal Living

and Dining. Large living room. master has

walk in closet. Recently repainted inside and

out. New A.C. 2014 inside and out. This one

is in A plus condition

Lovely pool with spa Electric pool heater.

$0

$180,000

$180,000

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 5: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Minimums and MaximumsThis page summarizes key fields of the listings in this analysis.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

The listings in this analysis can be summarized as follows:

Listing Price between $185,000 and $205,000

Selling Price at $180,000

4 Bedrooms

3.00 Total Bathrooms

1,910 to 1,960 Square Feet

$94.39 to $107.33 per Square Foot

$94.24 per Sold Square Foot

Year Built between 2004 and 2005 years

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 6: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

List Price and Sale PriceThis graph illustrates the list price, along with sale price in Sold listings.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

0K

40K

80K

120K

160K

200K

240K

P47

07203

S48

20620

S48

19072

P47

04452

Sum of Listing.ListPrice

Sum of

Listing.ClosePrice

MLS#

Pri

ce

Price Graph

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 7: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

C�� ��� ������

These pages give a general oveve� � ��e �e�e��e� ���e�e�.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

A����e Properties

247 SAND RIDGE DRIVE

P4707203 4 L ��e�

��e�B�����

S������MLS �� Be��� ��!ty�

R"#�� This well maintained 4 bedroom 3 bath home is located in the popular

community of Windwood Bay located just off Hwy 54. Formal dining

entertainment can be done with ease from your separate dining area or a

more relaxed eating space is just off the kitchen with sitting space in the

family room. There is access from the kitchen/family area to the pool deck.

This home is in just perfect distance of I4, local shopping and banking.

Traveling to Disney World and Orlando's famous attractions. This home offers

an ideal purchase for a vacation villa or investment home. There is an existing

tenant occupying the home until December 2015 with a rental amount of

$1350 and the lease must be honored in the sale of the property.

3 (3 0)

2004

P�#!��

$185,000

Polk

ACT

S$%� &e��e�� 1,960

De��� Head east on Hwy 192 to Hwy 27 south for approx. 7 miles. Turn left onto

Ronald Reagan Pkwy (Hwy 54) and follow for approx. 3 miles. Turn left onto

Heritage Pass, then right onto Lake Shore Pkwy. Turn right onto Sand Ridge

Drive and home is on the right.

276 SAND RIDGE DRIVE

S4820620 4 L ��e�

��e�B�����

S������MLS �� Be��� ��!ty�

R"#�� Price reduced on Beautiful Pool home located in Windwood Bay, Davenport.

Walk into your new fully furnished Turnkey home and be met by Cathedral

Ceilings which give height to a bright spacious open plan Living Room and

Formal Dining Room. To the left are two spacious Bedrooms and a full large

bathroom to share. The laundry room is fully equipped with a washer and

Dryer which leads to the 2 car garage. Being drawn to the back of the house

you will see a bright open Kitchen and Family Room. You have a choice of

eating in the Breakfast nook or at the kitchen Island. The kitchen is fully

equipped with plenty of countertop space for the cook of the house. Go

outside the sliding doors to an inviting Blue Pool with a child safety net to

keep every one safe and entertain your friends in the patio area. This home

has two master bedrooms. One is located off the family room with a walk in

closet and full private Bathroom and the other Master bedroom is at the front

of the home with a Full private bathroom. The home is minutes away from

major highways making easy access to LEGOLAND Park, Walt Disney World,

SeaWorld, Universal studios, Orlando International Airport and the beaches.

Also near to schools, shopping and Dining. Motivated seller. Willing to look at

all offers

3 (3 0)

2004

P�#!��

$189,000

Polk

ACT

S$%� &e��e�� 1,960

De��� From I4 west take exit 58. Right onto Champions Gate Blvd. Left onto Ronald

Reagan Pkwy. left onto Heritage Pass. Right onto Lake Shore Pkwy Right onto

Sand Ridge Drive and the house is on the left.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 8: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

'() *+, -./,+0

These pages gi1e a general o1231425 67 892 :2;2<82= >36>23842:.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

?@EFGe Properties

1449 PINE RIDGE DRIVE

S4819072 4 H I34<2J

KN2JOP89:J

Q8P8T:JUHQ VJ O2=:JW6TXtyJ

YZ[:J Fully furnished 4 bedroom, 3 bathroom single story home with a heated pool

close to Champions Gate and Disney. This home has been owned by the

owners since new and has been well maintained and is in superb condition.

This home benefits from two ensuite bedrooms and two spacious tiled living

areas and there are no immediate rear neighbours. There are numerous golf

courses within a 10 minute drive and a supermarket and restaurants are

within a 5 minute drive. This home is currently used for short term rental

vacations but would also be ideal for a primary or second home.

3 (3 0)

2005

PP3[4XNJ

$205,000

Polk

ACT

Q\]8 ^2P82=J 1,910

_432<8J DRIVING WEST ON I.4 TAKE JUNCTION 58. TURN RIGHT ON CHAMPIONSGATE

BLVD. TURN LEFT ON RONALD REAGAN PARKWAY. TURN LEFT ON HERITAGE

PASS, TURN LEFT ON WILLOW VIEW DRIVE THEN TURN LEFT ON PINE RIDGE

ROAD.

Sold Properties

1040 PINE RIDGE DRIVE

P4704452 4 H I34<2J

KN2JOP89:J

Q8P8T:JUHQ VJ O2=:J

Q I34<2J $180,000

Q _P82J 9/8/2015

W6TXtyJ

YZ[:J Great Floor Plan for Residential or rental. Double master bedrooms, large

Formal Living and Dining. Large living room. master has walk in closet.

Recently repainted inside and out. New A.C. 2014 inside and out. This one is

in A plus condition

Lovely pool with spa Electric pool heater. Open field out the back.

Residential and both short term and long term rentals are located in this

neighborhood.

3 (3 0)

2005

PP3[4XNJ

$185,000

Polk

SLD

Q\]8 ^2P82=J 1,910

_432<8J Take exit 58 from I-4 at light turn right towards Champion Gate. At

intersection At hwy 54/ Ronald Regan Parkway turn left and look for

windwood bay on your left about a mile down.

Far Bar AS IS contract

Home is vacant and easy to show.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 9: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

z{|}~� ������|}��

Total � pq �ntrn��t

Lowest Price

�n�sltr �mnwl

�kerage Price

�k�� �mnwl����r

$185,000

$205,000

$193,000

3

$99.38

0K 40K 80K 120K 160K 200K 240K

1449 PINE RIDGE DRIVE

247 SAND RIDGE DRIVE

276 SAND RIDGE DRIVE

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 10: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

©ª«¬ ­®ª¯°®±²°³

Total ´  ¡ µ�¤¢�¶·¤

Lowest Price

¸�·£�¤¢ ¹��¦�

º�erage Price

º�·» ¹��¦�¼½¾¿¢

$180,000

$180,000

$180,000

1

$94.24

0K 40K 80K 120K 160K 200K 240K

1040 PINE RIDGE DRIVE

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 11: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

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These pages giÊe a general oÊËÌÊÍËÎ ÏÐ ÑÒË ÓËÔËÕÑËÖ ×ÌÏ×ËÌÑÍËÓ.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

0.0K

50.0K

100.0K

150.0K

200.0K

250.0K

Avg Price Min Price Max Price

Summary Graph/AnalysisThe use of a ‘k’ after the decimal and -0, indicates thousands.

Cumulative Analysis

Listing Category ØÙÚ Û ÜÝÞ ßàØÙÝÞáÚÝ ÜÞâãÝäåæÝçè ÜÞâãÝ éâÚêÝçè ÜÞâãÝ

$185,000 $205,000 $99.38$193,000Active

$180,000 $180,000 $94.24$180,000Sold

$189,750Totals / Averages $98.10$180,000 $205,000

Sold Property Analysis

Address List Price Sold Price %SP/LP SP/Sqft

1040 PINE RIDGE DRIVE %97.30 $94.24$185,000 $180,000

$180,000$185,000 %97.30 $94.24Total Averages

Property SummaryS S Price Sold DateSqft HtBthBds L PriceStreet Address

Active

247 SAND RIDGE DRIVEACT 4 3 (3 0) $185,0001,960

276 SAND RIDGE DRIVEACT 4 3 (3 0) $189,0001,960

1449 PINE RIDGE DRIVEACT 4 3 (3 0) $205,0001,910

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 12: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

ëìí îïð ñòóðïô

These pages give a general overview of the selected properties.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

õ õ ö÷øùú õûüý þÿSúõ��S �SBS�Bý� L ö÷øùúõS÷úúS �ýý÷ú��

Sold

1040 PINE RIDGE DRIVESLD $180,000 09/08/20154 3 (3 0) $185,0001,910

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 13: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Pricing Recommendation

The most recent sales in the community have been the larger floor plans where several distress homes

have served to keep relatively stable. The highest price achieved in the last few months for a

comparable model was $180,000 – this sale was contingent on an FHA mortgage and therefore a vlued

comparable.

The following table provides a summary based on the recent sales activity contained in the report.

Low Median Average High Count

Comparable Price 180,000 187,000 189,750 205,000 4

Adjusted Comparable Price 180,000 187,000 189,750 205,000 4

Based on current market activity I would suggest listing your property price for sale between $185,000.

The final listing price is something that we would need to discuss in more detail and I would obviously

need to view the home but to assist you in our initial discussions regarding the potential sale I have

prepared a net proceeds based on this sales price. The following page contains a breakdown of the costs

involved in the sale and an estimated net proceeds assuming a sales price of $185,000.

I would be more than happy to talk you through the individual figures, but here is a quick explanation on

some of the costs you may not be familiar with:-

Title Policy - in Florida it is customary for the seller to pay title insurance for the buyer; it effectively

protects their investment against issues with title and is based on the sales price of the home.

Documentary Stamp Tax - similar to stamp duty in the UK this is paid direct to the state and again is

based on a percentage of the actual sales value.

Capital Gains Tax – gains tax will apply to any realized gain. Your CPA is best positioned to confirm your

actual liability.

FIRPTA (if applicable) - In the US the Internal Revenue have a specific act called FIRPTA (the Foreign

Investment in Real Property Tax Act). It applies to the sale of all property owned by a Foreign National

and the IRS dictate that 10% of the sales price should be with-held at closing until they have confirmed

that you do not have any outstanding tax liabilities. It’s a te porary positio a d there are a few exceptions but you should plan on these funds not being available to you on the day of closing.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

BARDELL REAL ESTATE

Researched and prepared by Steven Silcock

Page 14: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Estimated Seller's Net Proceeds

Address: 1622 pine ridgeEstimated Sales Price: 185,000.00$ 1st Mortgage Balance: -$

2nd Mortgage Balance: -$

Seller's Expenses Figures are estimates only, not a guarantee, and are subject to change

Real Estate Commission: 6% of Selling Price 11,100.00$ Documentary Stamps on Deed: 0.7% of Selling Price 1,295.00$ Title Company Fees: 1,895.00$

Closing Fee 550.00Search Fee 195.00

Municiapl Lien Search 150.00Title Insurance 1000.00

Estoppel Request (HOA) T.B.A

Total Estimated Seller Expense: 14,290.00$

Estimated Sale Price: 185,000.00$ Less Estimated Seller Expenses: 14,290.00$

Less Sellers Mortgage: -$

Estimated Net Proceeds: 170,710.00$

Please Note:

The above estimates assume that:1. All real estate (property) taxes are current2. All real estate condominium / home owner association fees are paid in full.3. Any special assessments are paid in full

FIRPTA - as a Foreign National the IRS mandate a 10% withholding to be made at closing.These funds are normally returned within 30-60 days but will not be available on day of closing.

Mortgages - if you have a mortgage on this property please contact your lender and request a payoff valueYou must have sufficient funds on the day of closing to pay off your mortgage. If the estimated funds listedabove is less than the outstanding balance on your mortgage we may still be able to assist you in the sale ofthe property but it will require further review.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

BARDELL REAL ESTATE

Researched and prepared by Steven Silcock

Page 15: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Activity vs. TimingT��� ��� �� ��� ��� ��� �������� �� ����� ������� � ��ket v�a�.

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

T��� ��� ���a��rates the level of ex������� �c �������� �� ��� ������ ov�� ����. It also

c������r��� ��� �������� �� ����� �������. When a propert� �� ����� �����c, it generates

a v��� �� � ��v�� �� �������� ���� ��������v� ea�ers, ���� ��ca�� cr������ ov�� ����. It

�� �������� �� e� ����c ������� ���� ��� e� ����� i ca��� ��� ��k �� ���� a�ve.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 16: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

The Effect of Over PricingThis chart highlights the importance of pricing correctly at market value.

This is the average percentage difference between the Selling and

Asking Price by the length of time the home was on the market.

- Put your best foot forward immediately

- Establish a competitive asking price

- Keep your home in top showing condition

- Offer favorable financing terms

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

Page 17: Steven Silcock 1622 Pine Ridge DR Davenport Prepared ...€¦ · WINDWOOD BAY PH 01 0 Polk 0 33896 0 1,960 0 0 73 0 4 0 3 (3 0) 0/0 Community, Private 0 2004 0 0.13 0 This well maintained

Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

The Benefits of Using a Professional REALTOR®This page outlines the benefits of using a professional REALTOR® to sell your property.

Advertising your property efficiently is another

area where a REALTOR® can play an

important role. A REALTOR®’s experience in

deciding on the most appropriate type and

frequency of advertising for your property can

be invaluable. For example, placing too many

ads can create the impression that there may

be something wrong with the property or that

the seller is desperate.

Security

Security is a major consideration when showing

your home. By using a REALTOR®, you can

rest assured that all showings will be

pre-screened and supervised.

Negotiating

When negotiating a purchase, most buyers

prefer to deal with a middleperson who is

objective, unemotional and professional.

Buyers will often feel more comfortable with a

REALTOR® than with the owner when they want

to raise issues that need resolving before

making an offer.

Monitoring, Renegotiating, Closing or

Settling

A REALTOR® will guide you through the

minefield of potential problems associated with

the appraisal, inspection and financing

process, including the often complicated

escrow instructions. In addition, your agent can

meet and instruct any specialists or

tradespeople who may be required for repairs

You’ll experience a wide variety of benefits

when you hire a real estate professional.

Successfully selling a property is a

complicated exercise, and REALTORS® have

the experience, resources and contacts to

complete your sale quickly and smoothly.

Pricing

A REALTOR® will help you determine the

selling price of your property at a level that

accurately reflects its value in current market

conditions and will not cost you missed

opportunities.

Marketing

A REALTOR® will have many useful

suggestions on ways to improve the

marketability of your property, including

cosmetic repairs and other items that will

create a favorable impression among buyers.

Your property will enjoy a wider exposure

among buyers when you use a REALTOR®. In

addition to using flyers and organizing open

house days, a REALTOR®'s extensive contact

list of former clients, newly qualified buyers and

other industry professionals can significantly

reduce the time your property is on the market.

A REALTOR® will also allow you to tap into a

highly productive and extensive industry

network, such as a Multiple Listing Service or

other industry marketing system.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

The Importance of PricingThis chart highlights the importance of pricing correctly at market value.

This graph illustrates the importance of pricing correctly. The centerline

represents market value. As you move above this market value, you attract

much smaller percentage of prospective buyers, greatly reducing your

chances of a sale. Conversely, as you move below market value, you attract

a much larger percentage of potential buyers.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

Setting the PriceThis chart highlights the importance of pricing correctly at market value.

When setting a price for your property, the listing level

must strike a balance between the seller’s need to

achieve the best-possible return and the buyer’s need

to get good value. With many years of experience, a

professional Real Estate Agent can help you set a price

that will accomplish both objectives.

Establishing market value

The market value of your property is determined in

exactly the same way as any other commodity – what

a buyer is willing to pay for it in today’s market.

Despite the price you paid originally, or the value of

any improvements you may have made, the value is

determined by market forces.

Look at the competition

Buyers look at about a dozen properties on average

before making an offer on a property. As a result, they

have a good overview of the market and will compare

your property against the competition. If it’s not in line

with similar properties that are available, buyers won’t

consider it good value for money.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

The Pitfalls of OverpricingThis chart highlights the importance of pricing correctly at market value.

Overpricing your house in the

belief that you can reduce the

price back later is a strategy

that can backfire badly. For

example, by the time you

reduce your price, you may miss

out on a surge of interest in

properties like yours. Also, if

prices are lowered, buyers may

wonder if there’s something

wrong with the property that

kept other buyers away. So to

keep from selling your property

at below market value and from

wasting valuable time, don’t fall

into the overpricing trap.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

Where a Commission Goes

This page describes how a commission is divided amongst all of the parties involved.

After a successful sale of your property, the real estate commission

is shared among all who assisted in this important transaction.

G���rally, the commission is divided four ways: to the listing broker,

the listing agent, the selling broker and the selling agent. ��

recognition of the important roles each played in the sale of your

property, each is compensated by a percentage of the commission.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

Steps to a Positive Showing

This page describes the key steps to making for a positive showing of your property.

You only get one opportunity to make a good impression, so you want to make it count� ��

following these guidelines, you’ll enhance the attractiveness of your property and reduce the time it

takes to generate serious offers.

Less is More

C���� ! "#kes a poor impression� $% &�'( �()

cabinets, kitchen countertops and other storage

areas like basements, remove anything not needed

for daily housekeeping. To make each room in your

property look larger, get rid of or donate

unnecessary furniture. Walk through your property

and think: “Less is more.”

Repairs

Make sure everything is in good working order.

Dripping faucets, squeaky steps and loose

doorknobs can easily create a bad impression and

reduce the value of your property. A few hours

spent on repairs, whether by yourself or a

tradesman, can pay big dividends when an offer is

made.

Little Things Count

It’s easy to improve the appearance of any room.

You may want to replace worn rugs or small pillows,

put new towels in the bathroom or brighten up a

room with a vase of flowers.

Pull Together

Get all the members of your household to pull

together when it comes to getting – and keeping –

your property ready to view. By getting everyone

into the habit of spending a few minutes tidying up

every morning for an afternoon showing, you

improve your chances considerably.

First Impressions

How your property appears from the outside is

important. To make a good first impression on a

buyer, a clean driveway, a freshly mown lawn

or a trimmed hedge will work wonders.

Do a critical inspection of the exterior of your

property, paying special attention to the

condition of your windows, shutters, screens

and gutters. One of the first things a buyer will

notice is the need for painting. If your property

looks like it needs painting, many buyers will

form an unfavorable impression. Elsewhere, little

things count. Make sure the front door is

spotless, including the doorknob, and that the

windows gleam.

Cleanliness Counts

Once inside your property, one of the key

factors that influences its appeal to a buyer is

cleanliness. Most important is front hallway, the

kitchen and the bathrooms. Do a room-by-room

cleaning, and don’t forget any out-of-sight

areas because that’s often where a

discriminating buyer will look first.

The state of the carpets can also be a

determining factor. At the very least, have your

carpets cleaned, and if they are worn, it’s wise

to replace them, or remove them if there is

hardwood underneath.

Researched and prepared by Steven Silcock

BARDELL REAL ESTATE

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CMA Map Layout

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Monday, December 7, 2015Polk, 33896

1622 Pine Ridge DR

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BARDELL REAL ESTATE

Researched and prepared by Steven Silcock


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