Homebuying Bullies Beating Up On Desperate Sellers
We all know that it’s a buyer’s market out there right now, but have the tables turned so much that buyers are taking it to a whole new level? We are seeing buyers turning into veritable schoolyard bullies by taking advantage of their leverage by demanding everything from major home repairs, to cash concessions, to the payment of HOA dues and more from sellers.
Does Searching For A Bargain On Your Next Home Purchase Make You A Bottom-Fisher?
So…it seems that foreclosures and shorts sales along with other distressed properties seem to be driving the market here in the Fort Lauderdale real estate area. Likely if you are searching for a home in the Fort Lauderdale area you are more often than not looking for the best deal that you can find…right? So does that make you a bottom-fisher?
Will BankUnited’s Financial Trouble Impact The Fort Lauderdale Real Estate Market?
BankUnited, a Coral Gables, Florida based bank has been told by Federal regulators to raise additional reserves or face the loss of borrowing power. Federal regulators say they will downgrade BankUnited’s capitalization rating unless the bank raises $400 million. This mandate, if not followed, could restrict the borrowing capabilities of Florida’s largest bank.
The Top 10 Reasons You’re Not Getting Any Offers On Your Fort Lauderdale Real Estate Home
Have you asked yourself why you’re not getting any offers on your Fort Lauderdale real estate home or condo? Well the answer is really pretty simple. Either you as the Seller are not doing what your agent advised you to do, or your agent either does not know what to do in order to get your home sold. I don’t like to mince words. I like the direct route. It may not be popular, but it’s the truth.
Whaddya know? Pricing Your Fort Lauderdale Home Or Condo Right Actually Does Work!
While there may indeed be that speck of white light in the tunnel, I would not go out and make plans to celebrate just yet. Based upon numbers released yesterday from the Florida Association of Realtors the sales of existing homes increased in the Fort Lauderdale real estate market and throughout Broward County by 4 percent in July.
Fort Lauderdale Homes : Absorption Rate Indicates 23 Months Of Inventory
If you are looking to buy a home in the Fort Lauderdale real estate market or if you are looking to sell a Fort Lauderdale home, there is a key stat that either party should avail themselves of. That stat is called the “absorption rate”.
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About Fort Lauderdale Real Estate
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Fort Lauderdale Real Estate Market Information
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Foreclosure Information
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Fort Lauderdale Real Estate Market Reports
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The Local Scene
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View My Trulia Voices Answers
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The Deflationary Crisis And Its Affect On The Housing Market
“If the government used home prices in the CPI reading, you’d see the biggest deflation since the ’30s”
Cramer predicts another 10% to 15% decline nationwide, and 40% to 50% peak to trough declines in bubble markets. He calls the Fed “reckless” and actually goes further and says that the Fed is a “radical right wing” organization.
What does this mean for those in the real estate business and for those in the market for a new home.
Well, that depends upon who you talk to. Real estate agents who primarily “list” homes and do little else are in for a tough time in the near future if Cramer’s predictions hold true. Accordingly so will the seller clientele of these so called “listing agents”.
If prices continue to trend downward as Cramer and other economists feel is likely, it will become increasing hard for listers to actually sell homes. If the market continues to decline as Cramer says and it drops an additional 20% or more, you are going to find sellers wiped out and in order for them to sell they may have to bring large sums of cash to the closing table. Read the story »
