Not too long ago, seller’s were grateful to even get an offer. Times have changed in the under 200K price range. Now the buyers have to battle multiple competitors and if you don’t have a strong offer–price wise and financing wise–you will not be the “winning” offer. There I said it. Some buyers will go home disappointed. The internet right now is VERY misleading. Buyer’s see properties that are ACSS (active contingent short sale) and think they have an opportunity to buy those properties–you probably don’t. Those deals are “waiting” for the seller’s bank to agree to the sale and many have been waiting for many months. They are not available for you to make an offer that will be considered on and because they have been waiting for months you are looking at OLD prices. What is for sale is higher.

Judy Ramage, Broker Associate, ReMax Realty Team 239 242-2005

We have had a 25% increase in the average sale price but, it still a good time to buy. Prices are still about 60% of what it would cost to build. In addition, the number of former homeowner’s that have been foreclosed on or had to sell their house as a short sale, have created a very strong rental market for investors. So, if you are looking to invest, now is a good time.
If you want “your dream home in paradise” it is also still a good time. The higher end homes have not seen the increase in prices the lower end homes experienced. Buy your dream home now at rock bottom prices while the seller’s will still bargain.

Judy Ramage, Broker Associate RE/MAX Realty Team (239) 910-3443 or www.judyramage.com