Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends will give you a good idea of what to expect.
Tag: home selling
Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer’s market in both Manatee and Sarasota counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.
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Featured Condo in Esplanade
Enjoy the benefits of Esplanade resort living in this 3 bedroom, 3 bath condo. With almost 2,400 square feet of living space, this is a rare opportunity to own a “non-golf-bundled” home in one of Lakewood Ranch’s most sought-after communities.
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The Power of Neutral
Most of us arrange our homes to express ourselves – our travels, families, favorite colors and unique tastes. However, when selling a home, the goal is to create just the opposite – a clean, neutral background that appeals to several different types of potential buyers. They should feel that they could fit right in and be comfortable in your house. You can help to create this feeling inexpensively by simply neutralizing your home before putting it on the market. Here are some tips to do just that.
The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month, but in a slightly different way than last month. Short-term delinquency rates (30 days late) are lower than what we saw last month, but more serious delinquencies are still up. Although we have yet to see a foreclosure spike, it sure looks like it is coming.