If temperatures near the 100 degree mark aren't enough lately, how about the housing market heating up. Sales on homes $100,000 or less are soaring to 25% over this time last year. The sultry market soaked with foreclosure homes, bank owned properties and short sale properties have been attracting buyers in record numbers parallelling both the mercury and the sales charts.
HOT WEATHER AND HOT PRICES
In Florida, sales are spiking right along with the mercury these days. The hottest market is smaller homes under $100,000.
A Few Important things to know before you begin looking.
Most lender controlled properties will require proof of funds,
Be prepared in advance of your search for a home.
Talk to lender, determine your credit line and have your documents in order. Finding the perfect home is easy, losing it due to lack of proper preparation can be very frustrating.
ACKNOWLEDGING COMPETETION
There are some very good buys on the market now. As a result larger numbers of buyers are returning to Real Estate as a hedge against inflation. The hottest price ranges are $100,000 and below of which there are some very nice, and some not so nice homes available. Chances are you will not be the only one looking and prepared to buy. Whenm you find the right one- Move Quickly.
Too often, delaying a decision is handing someone else the home you want on a silver platter. Buyers are still underestimating market competition and unfortunately, homes they have later decided they wanted have already gone pending. We are seeing this happening in greater numbers on well priced properties.
ESCORTED SHOWINGS ARE MORE EFFICIENT
The absolute best way to know that the homes you are looking at fall into your particular budget is to work with a REALTOR®. Often times blindly calling on lawn signs yield little information and guidance. The most efficient way to preview homes in your price range, are to:
- Have a lender determine what the range is
- Have your preapproval letter ready and in hand.
- Check the Internet, then
- contact an area expert who can assist you with fine tuning your search.
- Next comes the scheduling of showings.
- Making an informed decision to buy
- Preparing the Purchase Contract
This economy presents buyers with a unique opportunity to make long term gains ontheir investment. As the market begins its accerated rebound prices will creep up. Compare what you are currently spending in rent and weigh out the potential benefits, tax incentives, and tax credits and if you conclude that now is the best time to buy...Do It!
NEED MORE HELP? 
St. Cloud Florida Real Estate Broker/Associate,
St. Cloud Florida Homes For Sale, Buying HOMES In St. Cloud Florida, Real Estate Agent specializing in Osceola County Homes ,Townhomes, vacation properties, land, & Investment Properties-Allison Knows Osceola County, Fl.
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