Sarasota County ran a little hotter than Manatee County in April for closed home sales. That said, the market is still in balance for home buyers and sellers as we head into our slower season. If you are selling your home in Sarasota County, you are most likely going to have to put your best foot forward in terms of preparing/staging the home for sale to ensure an optimal price in a quick timeline. If you are interested in buying, there is likely some value to be found, but don’t be surprised when you run into competition for the most attractive properties. The infographic from Florida Realtors below provides more on April results.
Category: Real Estate
Honoring the Brave
New listings outpaced closed sales in April in Manatee County. That said, new pending sales are up year over year, and the market seems to be finding a good balance for home buyers and sellers. As we are heading into our slower summer, there is value to be found for buyers; however, sellers can still do well when they ensure their home is staged for sale. The infographic below from Florida realtors contains more details on the month of April.
Mortgage interest rates have trended slightly downward over the past 30 days. The recent change will save new borrowers about $5 per month for every $100,000 borrowed. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 7.02%, compared to 7.10% a month ago. Forecasts for future interest rate changes remain mixed.
Handling Squatters
While I have never run into it in our area, I have certainly heard of some of the traumatic stories associated with squatters. The infographic from Florida Realtors below explains the changes coming to Florida to help manage these situations.