We looked at three homes very similar to yours that just sold in the area. After adjusting for size differences, here's where your home lands:
Your home is a little smaller than the three we compared to — 1,420 square feet vs. their average of 1,630. That's the main reason our number is a touch under theirs. Even so, you're in strong company.
These three recently sold in Rexburg within the last few months. All are 3-bedroom, 2-bath homes built in the last few years — just like yours.
Homes like yours are selling for between $430,000 and $435,000. After adjusting for the fact that yours is about 200 square feet smaller, we arrive at our $405,000 recommendation.
If we sell your home for around $400,000, after all the costs of selling, the check you'd take home is about:
Think of it this way — out of every $100 the buyer pays, you keep about $94. The other $6 covers title work, recording, real estate commissions, and a small property tax credit to the buyer.
No surprises here. This is exactly what happens when your home sells at $400,000.
Because your home is paid off, every dollar above your closing costs goes straight to you. No mortgage to pay off, no prepayment penalties. Just a check.
Madison County has been good to homeowners — values are up 6% over the last 12 months. But the signs ahead suggest that momentum is slowing. Here's an honest picture of what's happening.
These are the five indicators that drive the market momentum forecast — and what each one is saying about Madison County today.
The market isn't collapsing — homes are still selling. But the wind is starting to blow the other direction. Listing now, while values are still at their peak and buyers are actively shopping, is very different from listing into a softer market six or twelve months from now. That's why we'd move sooner rather than later.
There's no clock ticking here. Take all the time you need. When you're ready to talk, or if you just have a question, we'll walk you through every step — one at a time. You will always know exactly what comes next, and nothing happens without your say-so.