While improving our homes can be very rewarding, it doesn’t always pay off monetarily. The infographic from Florida Realtors below shows some examples that can be a challenge to recover financially.
Author: Bridgett Byzewski
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Happy Labor Day!
I hope you are enjoying your long weekend!
“Start where you are. Use what you have. Do what you can.” — Arthur Ashe
Inventory gains continue to outpace closed sales in Sarasota County. It isn’t yet at a point where buyers will gain the upper hand, but it sure is close. At this point, each transaction will have its own leverage points for buyers and sellers, which is actually a great market to be in. Cash sales as percentage of transactions saw a major drop in July. That will be an interesting statistic to watch in the coming months as a lower number there allows more people to compete for homes in Sarasota County. The infographic below from Florida Realtors contains more information.
While inventory is up materially year-on-year, closed sales also saw a jump in July in Manatee County. Overall, the market still slightly favors sellers, but it is still a good time to be on both sides of a transaction as relative leverage exists. You may have been reading some doom and gloom articles about Florida listings, but the negative news appears to be largely confined to the high-rise condo market outside of Manatee County at this time (largely due to potential or actual large one-time assessments). See the infographic below from Florida Realtors for more.
Florida Realtors has put the infographic below together to help us with things to consider prior to taking the plunge.
