The improvement in sales from this time last year has made the headlines and maybe your selling your home and wondering what's going on. You really haven't seen an increase in visitors to your home and you might be wondering if something is not right with your listing.
It's great sales have increased over the past year but I'm afraid the majority of home sales recently are bank or corporate owned property. Since banks aren't in the business of owning homes they price these homes to sell within 30 days.
So it's difficult for the average seller to compete pricewise with these bank owned homes. Fortunately, they are selling quickly and are making inroads into our huge inventory. Some of these homes are barely lasting a week and the more that get back on the tax rolls the better.
But the average seller does have some advantages over the bank owned homes. Is your home meticulously maintained inside and out? Your competition, bank owned isn't. Are you including all your appliances? Some of the banks homes are missing all the appliances.
Most important you are able to provide your buyer a general deed. The bank is only offering a special warranty deed and consulting a lawyer regarding that is advised.
So hang in there sellers. Get your homes price right and make sure it shows impeccably. You only have one chance to make a first impression.
We are still absorbing the new bailout plan just introduced and it's effect on struggling homeowners. The advice here is wait a few days before calling your lender. They are swamped at this point with calls.
We do know 1st time homebuyers can take advantage of an $8000.00 tax credit. So if the low prices are not enough motivation this should help you decide to buy. This is the opportunity of a lifetime and if you buy in certain areas of southwest Florida you could be eligible for up to 102% financing using the Dept. of Agriculture home loan program.
Call us for all your Real Estate needs at 239-656-4573. We are able to offer the latest searching technology in Listing Book FOR FREE. Just give us your name and email and we will sign you up for this great program.
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