Back on December 15th I wrote a post about those people who refuse to believe that things are improving with Palm Beach real estate.
"Those Who Wait, Lose" was dedicated to those who keep looking and looking, thinking they have time to waste because as they say: 'Nothing's selling - we have PLENTY of time'.
Well.... things ARE selling and those folks who continue to wait continue to lose out.
The South Florida Business Journal recently posted two articles:
Florida Home Sales Up, But Prices Still Down
"Statewide, sales of existing, single-family homes was up 13 percent in the fourth quarter, compaired to the same period a year prior...."
"FAR also reported a 3 percent gain in statewide sales of existing condominiums..."
Home Sales Up in Florida, Down Nationwide
"Florida's existing home sales rose 24 percent last month, the fifth consecutive month to show an increase in activity..."
Here's an example that should open your eyes: Yesterday a client and I reviewed 14 homes listed for sale. Two of the 14 already have accepted offers... from other people.
So, in the simplest terms possible - if you want it, you had better make an offer before someone else gets the home that YOU want.
Sorry, I mean wanted.
;)
;)
Marc I have seen the same thing on the mortgage side. I lost count of the number of people that were certain that that rates were going to drop to 4% once the Stimulus Package past. Well it past two weeks ago and guess what, yep, the rates have been going up and not down.