The borough of the Bronx is the fastest growing borough in the ‘Big Apple’ and if it were a city it would be in the top 10 of largest cities in America. This represents a boon for home sellers in the borough. Diversity is among the keys to the borough’s growth. The Bronx based realtors at Team Fuentes are here to help home sellers get the maximum when they’re ready to sell their home in the Bronx.
Working with a real estate professional can make all the difference when you’re looking to sell your home in the Bronx. Team Fuentes, whose knowledge of the community and recent developments will have a positive impact for home sellers. Among these projects that will increase home values, is the proposed new regional rail service coming to East Bronx for first time in over 100 years, in 2023.
The new Metro North rail line will include new stations at Co-op City, Morris Park, Parkchester/Van Nest and Hunts Point and offer access to Penn Station, Westchester County and Connecticut. This will dramatically improve commute times and connections for Bronx residents and new regional accessibility for more New Yorkers.
When sellers that don’t know the value of their homes in today’s marketplace can wind up with them losing considerable amounts money on its sale, or those who have had their home on the market for longer than necessary. And setting your offering price too low may also bring in buyers and generate a sale, but you could possibly be losing thousands of dollars. Its troublesome listing your home for sale at a price that is far above its actual market value. The result is having your home sitting on the market while well-qualified buyers look elsewhere because of the price.
At Team Fuentes, as a part of our services we offer a free comparative market analysis. A personally tailored CMA gives you a snap shot of the market value of your home by comparing it against recent sales of similar properties in the community. A similar property is one that compares to your home in terms of several attributes, including the following:
A personalized comparative market analysis provides you a measurement of the actual market value of your home. However it will not, tell you how much a bank will lend a buyer. Banks base their mortgage underwriting policies on the appraised value and not on the offering price of a home.
Appraisals only a reflection of what the bank is likely willing to lend, but they do not always represent the market value of a home. Although a professional appraisers will compare your home to other homes that sold in the area in the same way as a comparative market analysis does, the results can often be strikingly different. The reason for this is that appraisers are conservative at arriving at the values they place on properties.
We here at Team Fuentes want you to have as much information as possible when selling your home; we offer a free appraisal to our sellers. This way you know what buyers are likely to offer and how much their bank will lend to purchase your home.
Our real estate professionals offer expert advice and guidance when selling your home in the Bronx. From pricing to advertising and marketing, our agents give you the personalized service you need and deserve. Find out what makes Team Fuentes different by calling us (718) 280-6666 to speak to one of our agents today.