This pandemic market starting in 2019 has truly turned this housing market into a boom. When it comes to selling your home and it does not attract buyers and or do not settle on a contract, something is wrong. It's obvious you are priced too high based on features and benefits you offer in your home and you must lower your price. In today's market there is no need for that due to home inventory is low and buying demand is high. Seller's lately have been receiving over asking price due to high demand. This is a very hot market with low interest rates. Will it cool down? As we approach the fall, there are signs, however one may never know. Redfin reports the average days on market is 17 days before it is under contract. An increase of 17% sales price over last year, asking prices. 50% of homes went under contract less than two weeks. 36% of homes went under contract within one week and 53% of homes sold above listing price which were mostly out of state buyers. This has created a rough time for first time FHA buyer to land an accepted contract. In Central Florida at one point in time there was a shortage of windows for seven weeks and lumber rose over 170% which led to an average or 40% increase of sales price. Many sellers now have huge equity for home improvements or sell and cash out. Click here for more info
What a great time of year to buy a home with the lowest historical rates ever. You can get more square footage for the dollar. This is a great time for stellar credit and cash savings to take advantage of a home purchase.
That market has not started in abundance as I predicted. Due to the loss of many jobs in the nation and very little support from the government, I was looking for a vast amount of these homes to saturate the market and level out the prices. Kevin Strawter is a seasoned veteran on short sales and foreclosures. Contact him today at 407 479-8583. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html