be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
Thursday, April 7, 2011
Fort Myers Housing Market Nearing Bottom, according to Zillow.com
We have great news that hit USA Today's front page today for Fort Myers Real Estate. According to the article in USA Today, Fort Myers Real Estate is one of six cities in America that have gone through the worst part of the foreclosure and mortgage crisis that took America by surprise in 2006 through today. The foreclosure filings in Lee County have dropped some 28% in a year and the inventory available to purchase has decreased by 52%, according to the article. What does that mean for Suzy Q HomeOwner and Joe Smith Home buyer? If Joe is an end user who will move into the property as his primary residence and stay in the home for years to come, then his choices for availability are limited. It used to be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
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