|
Florida Golf Course Home Real Estate Market Update
Buyers
in Charge, Activity Picks Up
The Bradenton, Sarasota, Venice, Florida real estate market continues to be
a buyer's market. Inventory seems to have peaked, and activity is picking
up, but seller fatigue, as shown by expired listings or homes that have been
withdrawn from the market without sale, seems to be the reason for many of
the homes coming off the market. An already high number of foreclosures, and
the increase in number of adjustable rate mortgages coming due for rate
adjustments in September and October indicate that we are still at least a
year away from any positive market correction.
Homes with all the right "in
demand' features and correct pricing are going under contract, but those
homes that are missing some of these "in demand" features are either sitting
unsold, or selling below last year's sale prices. There continues to be
significant downward pressure on pricing.
Buyers navigating through this
market should insist on professional representation by a Realtor®,
as they risk making a significant financial mistake by not understanding
real market value. The inventory is there, which makes this one of the best
buying opportunities in recent memory, but a real estate agent who knows the
local market will definitely improve the buyer's chances of buying right.
Sellers need to understand the
difference between current market value and list prices. Sellers also need
to understand the difference between an agent who will actively market and
advertise their listing and an agent who does not have the resources to
compete in the current market. This is no time to take a chance listing with
an inexperienced agent. In a difficult market, experience, performance, and
current marketing resources are what you need to protect your investment.
Sarasota Home Buyers?
Visit
"Hot New
Sarasota Florida Listings" or
"Hot New
Sarasota Florida Home Deals"
Venice Home Buyers?
Can Visit "Hot New
Venice Florida Listings" or "Hot New
Venice Florida Home Deals" |
