Not as many as we would like; but, the fact remains there are homes being purchased by BUYERS that are looking to purchase. They have a smorgasbord of 1,974 homes currently on the market for sale in Leon County. Now if you are a SELLER, with the help of your Realtor, you need to take heed to the advice appraiser Greg Lane has given in my earlier blog entry. Single Family home sales in Leon County thus far in October are just a little less than the same period in September. There have been 58 homes that have closed so far compared to 67 closed during the same period last month. In the same period in October 2007 there were 83 homes that closed. Currently there are 93 homes that have contracts Pending to close and 107 with Contingent contracts.
If you are a BUYER, a recent quote by Warren Buffett in an article in the New Youk Times is just as apropos to you buying a home as his buying of stock. "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." And we are all aware there was plenty of greed in the real estate market of recent years by all evolved. And now the buyers can benefit from others folly. There are plenty of homes available at bargain prices. A good example is the currently advertised 10 day sell that Coldwell Banker has been conducting as well as many others advertised in real estate publications and online advertising. Another major consideration that Buyers need to be aware of is that mortgage lenders have plenty of money to provide you with very low rate home mortgage loans in the 6% range. Another quote of Buffett's can relate to the mortgage rates as well. "So if you wait for the robins, spring will be over." These low interest rates may not last in the months ahead as related in an article in RealtyTimes and in past history of rates have increased following general elections.