June finished out a good month for sales in the area with 187 houses sold. This was just slightly over June last year when 184 sold. Through June of this year we are still 32% above last year for the same time period. As you can see in the chart below we are on a […]
As you might have been hearing in news reports, the Real Estate Housing Market is showing positive signs. The truth is that the local market has been showing positive signs for the last couple of years.
We’re through October and the local real estate market has been another year of some real positives. It’s also been a year of interesting developments too.
The common question today is how is ‘the market’ now that the tax credit for new contracts has expired? Remember to qualify for the tax credit the buyer must have signed the contract by April 30, 2010 and closed by June 10, 2010 with the closing date date extended now to accomodate short sales. Since most sales will close within 30 days, May was a real focus as an indicator of the impact of the tax credit and June to a point. So how is the market? Still holding strong in the area. Let’s take a look at the Palm Coast Residential Home statistics:
I am often asked what I think will happen over the next year in Real Estate in the area. We all wish we had a crystal ball to see into the future. This is especially true in the Real Estate word over the last few years. The only thing we can do is look at the data, activities, and trends to get a perspective on the upcoming year. My outlook based upon these areas is very positive for the area when it comes to residential home sales.
At the beginning of this year I had said it would be an interesting year for Real Estate in the area. It’s no secret that Real Estate has had it’s challenges in the area over the last few years, but this year has shown some great positives.
It’s no secret that many owners today find themselves in situations of having to sell their home as a “short sale”. It’s not an easy time for these owner. They are having difficulty making the payments, other life situations are probably adding to the stress (i.e. loss of a job, divorce, etc.), and the property has become more of a burden than a “pride and joy” in their lives. But these owners actually have a significant competitive advantage over regular property listings . . . buyer attention. Why? Buyers look for “deals”. Short sales have a buyer expectation of “deal” associated with them in much the same way as ‘foreclosures’. Obviously, unlike foreclosures . . . the seller still owns the house and must get the most for the property to be able to minimize the difference owed and negotiate with the bank how to handle that differnce after close (i.e. ‘forgive’, repayment plan, etc.).
Clean the house, clear the counters, mop the floors, wash the windows, vacuum the rug, pick up the magazines, don’t use the towels, make the bed, hang up the clothes, polish the sink, hide the toaster, fluff the pillows, stash the bills …
HOW LONG DO I HAVE TO LIVE LIKE THIS?!
I recently received a phone call from a seller whose home has been on the market for four months. The home is vacant, the sellers have moved out of the country, and the homeowner wanted information on vacant staging (providing rental furniture and accessories). With the homeowner’s permission, I contacted the listing agent for some […]