If you are trying to decide whether to move or not, here are a few suggestions to help you. Pinellas Barrier island real estate has very unique characteristics that differ significantly from mainland properties. Before selling, follow these simple steps.
First, get your Pinellas property appraiser info from PAO.ORG and make sure it’s correct.
Second, see what the internet thinks it’s worth. Zillow.com, Realtor.com, Smarthomeprice.com, and trulia.com will give you an idea of what your property might sell for today. These estimates are often wrong but your potential buyers use these sites to help them make offers to you.
Third, get opinions of value from 2 or 3 local agents who should provide this service for free. Make sure you chose an agent who represents you as your personal “fiduciary agent” rather than those who represent both seller and buyer as transaction agents.
Fourth, compare marketing plans and pick an agent you trust or decide to sell yourself as a FSBO. “Make me move” on Zillow.com is a good place to start if you decide to begin the process yourself. I don’t generally
recommend this because most buyers deduct a standard real estate commission from their offer and you lose the negotiation power that good, trustworthy agents provide.
Also consider getting a current elevation survey so you can confirm flood insurance rates. This survey will cost about $150. Make sure your lot size is correct because waterfront lots in our beach towns are sold by the front foot. About 25% of the homes are built with the living area elevated and are worth considerably more than the 75% that are flood prone. You may be wiser to build a new house on your rather than sell the old one. Many banks will finance 100% of construction costs fora new home for you at low interest rates.
In many of our beach communities short term rentals are allowed. You can get as much or more for a weekly rental as others get per month. Renting many be a better alternative than selling for some. Management rates run from 10-20% or you can do it yourself. Rental rates are increasing as more people prefer the flexibility of renting over home ownership.
Finally, to avoid unpleasant surprises, be sure to thoroughly check out where you’re moving to.
As an agent/broker in Florida through the past 4 recessions I see the fifth one coming soon. I’m recommending that my clients who plan on moving do so sooner rather than later while inventory is down and prices are steady. I host a 1-hour weekly question and answer meeting on Tuesdays from 4 to 5 pm for sellers, buyers and anyone interested in our beach lifestyle. It’s at my office at 5050 Gulf Blvd. St. Pete Beach 33706. Please RSVP if you’d like to attend. Or contact me directly to chat about your personal situation. I will earn your trust by telling you the truth as I see it.
All the best, Jim “Property Wizard” Beggins, Broker
CENTURY 21 Beggins Enterprises, with 13 offices and 400 agents serving Pinellas, Hillsborough, Manatee and Sarasota Counties. Since most opinions about real estate can be supported with facts. I will inform you to the best of my ability so you can unconfuse the facts to your personal advantage. I think I can use my “hands on” experience in Florida real estate since 1970 to achieve your desired outcome.
Please let me know how I’m doing. mailto:email@example.com
727 254 8144 Cell. Call, text or email with any questions.