The National Association of Realtors just reported that “in October and November, when the market was feeling the effect of the tax credit, 26 percent of sellers cut their asking prices.” In addition, NAR also reported that Trulia.com just released the figures that the “prices on 19 percent of homes for sale as of March 1st have been reduced at least once, the lowest percentage in the last year.”
We’re seeing more and more homeowners willing to suffer the loss on the front-end, only to take the opportunity to trade up and buy a home that has more amenities and is often located in an area that was previously out of their price range.
On the home selling side, two other trends made a big difference in our local markets. In the beginning, when home prices started and continued to decline, home sellers initially remained firm on their sale price.
The first bid a buyer presents is typically not the highest one; they are usually testing the waters. If they are making an offer they are interested in your home, they’re just trying to get a good deal; and the art of the deal is founded on the art of negotiation.
Kitchen updates include gorgeous wood cabinets and Corian countertops. The 4th bedroom which has been outfitted with built-in cabinets & desktops is perfect for the work-at-home executive. Spectacular pool/lanai area with newer pavers is perfect for outdoor dining & entertaining while taking in the beauty of nature in your back yard overlooking CONSERVATION area.
Lori Crawford, Realtor
Multi-Million Dollar Producer
Licensed in Florida and Georgia
[email protected]
727-234-8002
RE/MAX Action First - Clearwater Beach
25 Causeway Blvd | Suite 101
Clearwater Beach FL 33767
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