Hi All,
Wow...I learn something new everyday in this world of Real Estate.
It used to be back in the day...(2004-2006), that if a Buyer saw a home in the NE, NW, SE, SW of Tallahassee that they liked, they needed to make an Offer before anyone else did, or risk losing the house to another Buyer, or worse yet, getting involved in a competitive bid process.
This was the case no matter where the house, townhouse, or condo was...Summerbrooke, Ox Bottom, Waverly, Betton, Wolf Creek, Southwood, etc.
Now a new phenomena is occurring since there are so many listings on the market. The NE of Leon County has has 1006 current Single (SFD) Family Listings. There are 476 SFD on the NW side, 298 on the SE side (80 or 26% of those are in Southwood), and 208 on the SW side of town. That is 1988 Single Family Homes for sale in Leon County.
The phenomena that is starting to show for the Buyers in the market has to do with Renters in the market. We are starting to see Buyers who low ball the offer lose the house to a Renter. Yes, there are Sellers on the Market who will Sell, Lease Purchase, or Rent their home. Some are choosing the Renter vs the Buyer.
Yes, the Renter is getting the house.
Umm...what an interesting Real Estate Market....
Let me know if you have any questions or comments. As always, you can reach me at 850.545.9317 or chris@ringtherivers.com
Until Next Time!
Chris
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