THE PRICE HAS TO BE RIGHT!

A nationwide survey by California-based real estate research firm MarketGain reports that almost half of all homeowners think their homes should be priced 10% to 20% higher than their sales agents have recommended. At the same time, the survey of 700 realtors across the country said that 60% of homebuyers say that asking prices are [...]

And the Good News Is…. WE’RE MOVING CLOSER TO A SELLERS’ MARKET!

The Manatee Association of Realtors has just released the March 2009 MLS statistics for Manatee County. Although they show that median sales prices have dropped 33.4% from last March, the good news is that almost 9 percent more homes were under contract in March than were a year ago, and even more exciting, that the [...]

SHORT SALE OR NO SALE? ONLY YOUR BANKER KNOWS FOR SURE.

A customer who is selling an investment property as a short sale (more is owed than the property is worth) was perplexed last week when my market analysis for his bank showed the property’s market value 15% higher than the offer the bank was reviewing. I explained that as a distressed property is was not [...]

HOUSING MARKET ON THE RISE! YOU HEARD IT HERE FIRST!

Last week, the Florida Association of Realtors reported that State sales of existing homes rose 20% for the month of February compared to the same month last year. At the same time, the National Association of Realtors reported a country-wide sales increase of 5.1% over the number of sales for the same month last year. [...]