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Monday, July 26, 2010

You Need a Reason to Sell in This Real Estate Market

If you are thinking about selling your house or condo, consider if you are ready to sell now?  More importantly, why are you thinking of selling?

The current real estate market in Brevard County, Florida does not favor sellers.  I read many articles by real estate agents saying the time to buy is now.  I can agree with that wholeheartedly! 

Why buy now?  Prices are lower than they have been in years.  The inventory of short sale and REO/bank owned/foreclosure properties is high.  Sellers are negotiating and buyers are paying cash for many of the deals.

On the other side of the transaction selling in this market may not be the best thing to do - especially if your expectations are not grounded in reality.

What is reality? 
Prices are lower than they have been in years.  The inventory of short sale and REO/bank owned/foreclosure properties is high.  Sellers are negotiating and buyers are paying cash for many of the deals.
Some  are selling in order to buy a larger house to take advantage of the market and lower taxes.  Some are selling due to a job change or transfer.  Some are selling because they are downsizing.  Some are selling as a short sale due to hardships.

Whatever the reason, these sellers all know the same thing - they are selling in a buyer's market.

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