Sunday, January 29, 2012

January Flying by..Lots of Home Sales & Real Estate Activity

Thinking of selling your home? NOW may be a great time! If you do not want to hold on for the long haul your Florida real estate, especially in the Apollo Beach area, may sell for more today than it would six months ago. Why? Because inventory is way down!
I just tested the market on a couple of new listings, pricing them higher than what has recently closed. One went under contract in 4 days and successfully closed at only $7,000 under asking price (List was $200,000) and the other went under contract in only 21 days even though it was listed just before the slower holiday season. That buyer wants to close as soon as possible so I can tell you at what price that closes soon.
I took this position because I was not only looking at sold comps (looking back) but also looking at what a buyer had to choose from now (looking ahead). There were only 13 available listings in a community where just 2 years ago there were 134 listings! Simple "supply and demand"….prices should head up!
So if you are thinking of buying, BUY NOW. And if you are thinking of selling SELL NOW. Get in on the flurry of activity from buyers who are in the market now. If you are fortunate enough to not be "upside down" (owing more than the value of your home), take advantage of those who are tired of the hassles involved in trying to buy a short sale. My experience lately has been that many buyers are willing to pay a bit of a premium for a non-distressed property. They like knowing when they can close and at what price! You may be thinking "why sell now if prices are going to head up?" Because we have no idea how much of the "shadow inventory" may hit the market in the next year. Plus, by selling now you can take advantage of the low prices AND interest rates!
Please don't be too discouraged if you are a short sale. We have systems in place to make the transaction as smooth as possible. We even offer a free 1 hour attorney consultation where you can be advised on what is the best route for your individual situation.
Call me today at (813) 390-7606!
Thank you,
Bonnie Fagoh, Century 21 Beggins Enterprises
Search all Tampa Bay properties at or better yet,
call me for a FREE boat tour! Bonnie (813) 390-7606

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