Bradenton - Sarasota Real Estate Market Has Hit Bottom
The Bradenton - Sarasota, Florida real estate market has hit bottom, and will stay there for the next 12-18 months and then begin a 3-4 percent annual growth climb.
At least that's the word from Hank Fishind a well respected Florida economist. And that's good news for our Bradenton Real Estate Market. Having seen a median price decline of approximately 22% since the high of 2005, it seems that we have finally hit bottom.
Personally, our real estate team is having a strong 2007 as we see buyers entering the market to take advantage of the price declines. Low interest rates and a great inventory selection makes this a perfect time to buy.
To our listing clients we reccommend the following:
1. Be sure you are priced competitively, because homes ARE selling. Buyers are buying the "obvious best value." What's that mean? It means your home should be the BEST priced home in the area, hands down.
2. Clean, paint, install new carpet. Do everything you can to make your home show perfectly and be "move in" ready. Buyers have 100's of homes to compare to yours, make sure yours shows the BEST.
3. When you receive an offer, be courteous, grateful, and negotiate it to it's highest, then seriously consider executing it. Many seller's have been on the market a year or more with NO offer. Don't lose an interested buyer.
To our buyer clients we say:
1. Have a clear picture of the home you want to buy. With so many homes on the market it's easy to get confused by looking at 20 homes or more. Narrow down your criteria to a short list of homes to visit.
2. Make your offer attractive by having a pre-qualification letter in hand from your lender. We can help you with that. There's no cost or obligation to that particular lender.
3. Be sure that your are working with a Realtor who is a Certified Residential Specialist or an Accredited Buyers Representative. These designations (which we hold) give you the assurance that you are working with a highly trained professional.
Fishkind's presentation yesterday in Manatee County was covered by our local paper. You can read the full story here...
http://www.bradenton.com/mld/bradenton/news/local/17035333.htm
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Bradenton Real Estate
At least that's the word from Hank Fishind a well respected Florida economist. And that's good news for our Bradenton Real Estate Market. Having seen a median price decline of approximately 22% since the high of 2005, it seems that we have finally hit bottom.
Personally, our real estate team is having a strong 2007 as we see buyers entering the market to take advantage of the price declines. Low interest rates and a great inventory selection makes this a perfect time to buy.
To our listing clients we reccommend the following:
1. Be sure you are priced competitively, because homes ARE selling. Buyers are buying the "obvious best value." What's that mean? It means your home should be the BEST priced home in the area, hands down.
2. Clean, paint, install new carpet. Do everything you can to make your home show perfectly and be "move in" ready. Buyers have 100's of homes to compare to yours, make sure yours shows the BEST.
3. When you receive an offer, be courteous, grateful, and negotiate it to it's highest, then seriously consider executing it. Many seller's have been on the market a year or more with NO offer. Don't lose an interested buyer.
To our buyer clients we say:
1. Have a clear picture of the home you want to buy. With so many homes on the market it's easy to get confused by looking at 20 homes or more. Narrow down your criteria to a short list of homes to visit.
2. Make your offer attractive by having a pre-qualification letter in hand from your lender. We can help you with that. There's no cost or obligation to that particular lender.
3. Be sure that your are working with a Realtor who is a Certified Residential Specialist or an Accredited Buyers Representative. These designations (which we hold) give you the assurance that you are working with a highly trained professional.
Fishkind's presentation yesterday in Manatee County was covered by our local paper. You can read the full story here...
http://www.bradenton.com/mld/bradenton/news/local/17035333.htm
==============
Bradenton Real Estate
Labels: Bradenton Real Estate, Buying Tips, Market Conditions, Selling Tips
posted by Dan Forbes at
8:56 AM
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