Englewood Real Estate | Buying a House in Englewood, FL | Homes for Sale in Englewood, FL

Inside Real Estate
Let Me Help You!
941-525-6967
Follow My Blog
Scott
Scott Morris
Realtor
    Years of Experience: 33

    SFR - Short Sale, Foreclosure Resource
    CDPE - Certified Distressed Property Expert

Direct: 941-525-6967

Office: 941-473-7399



Company Info

Keller Williams Realty
3155 S Access Rd
Englewood, FL, 34224
941-473-7399


Real Estate Tools

Schoolsschools

Communitiescommunities

Calculatorscalculators

Posts Tagged ‘Charlotte County Properties’

Foreclosures Fall while Bank Repossessions Increase

Tuesday, July 6th, 2010

Sounds like a contradiction on terms, doesn’t it? In actuality, they are pretty much the same thing.

Foreclosures are viewed as homes that the bank is in the process of taking back from homeowners. Reposessions are homes that are already taken back by the bank.

Banks are trying to get rid of what the inventory they currently have on their books. They are less motivated to take on more homes, as it will only serve to further deteriorate the market.

The majority of banks are working to work out short sales, to reduce potential repo inventory. There are more homes in peril than banks and government officials want to acknowledge.

More homes on the market is not a path to neighborhood stabilization.

Hundreds of Overpriced Listings Set To Expire in July

Monday, July 5th, 2010

As a pricing specialist, I tend to be very direct with my sellers.

I have a very agressive, comprehensive marketing plan to help my sellers get their homes under contract as fast as the market will allow.

At each listing consultation appointment, I discuss market trends, recent neighborhood sales, and the nearby homes currently on the market.

My job is to assist my sellers in determining the best possible price to list their home to sell within the 1st 30 days, as well as keep them informed regarding the sellers they are competing against.

Buyers have a wealth of information available, and easy access to view the thousands of homes currently available on the market.

 They are well informed, and can spot a good deal when one presents itself.

Homes priced properly attract a lot of showings very quickly.

Over priced homes get very little activity, and will likely expire unsold after a 6 month listing contract.

In January 2010 , many home owners “resolved” to sell their homes this year.

Many priced their homes too high, and those listings will expire in July.

Those that choose to put their homes back on the market will likely reduce their prices in a more aggressive approach to selling their homes.

I have advised my sellers my opinion that in these final days of June they should be aggressive to get ahead ahead of the curve.

For many, there are certain tax advantages for capital gains, and estate taxes that are expiring at the end of 2010.

For the small group of home owners that are considering an increase in their listing price, I wish them luck, but feel they are wasting their time.

For these reasons, I believe that its a great time to sell.

Waiting may very well make a bad situation worse.

Market Recap

  • Avg. Sales Price: 207508

  • Avg. Days on Market: 149

Free Market Alerts

Get local reports delivered to you

 
Recently Asked Questions
    Featured Listings
      [display-frm-data id=featured-listings]
    » View More Listings
    market alert newsletter

    Get free market reports delivered to you. » Sign up today

    - Copyright © 2010 Inside Real Estate, LLC

    Inside Real Estate does not endorse the agents on this site, and does not guarantee the content submitted by the site's members. Blog and page entries, content, and other information contributed by agents that are members of the site are accountable to the particular agent. Inside Real Estate and Omnia Alliance LLC take no accountability for the content contributed by members to the site.