In October of 2009, I warned about a tidal wave of distressed property sales coming our way, and it now appears as if they have arrived. Thus far in April, 42% of all residential closings were distressed property sales, and the one year average is at 33%. Simply put, one in every three homes sold [...]
distressed properties
If you are looking to buy a home that needs repairs, then you most likely have found plenty of opportunities in a housing market that is recording a record number of distressed property sales. But if you are not a cash buyer, then you most likely have also run into some difficulty in figuring out [...]
When we study the homes for sale in Tallahassee and its surrounding communities, we find a trend that is often mentioned by Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®. Dr. Yun has been reported a rising trend in the number of real estate contracts that fail to close, and the Tallahassee [...]
I was driving my 11 year old son Max to his football game yesterday and he mentioned that they were studying “Music History” in school. He went on to mention that they went all the way back to the 1960s … I told him that wasn’t music history, that was still pop music! We discussed [...]
We have been keeping an eye on REO and short sales in Tallahassee, wondering if there was going to be a gradual rise in distressed property sales as the year comes to a close. Our list of REO and short sale homes for sale in Tallahassee has remained fairly stable, but the same cannot be [...]
If you are in the market to buy a home in Tallahassee, you must make a decision early-on whether or not you plan on experiencing the short sale process. As many have found out before you, the short sale process can be very frustrating. In a traditional (normal) home purchase, the buyer makes an offer, [...]
We have been monitoring distressed properties in Tallahassee for quite some time, but today we have added a new wrinkle to see how each neighborhood is faring compared to the market. In order to compare one Tallahassee neighborhood against another, we have created a new statistic called the “Foreclosure Ratio” which is simply the measurement [...]
You might be wondering what is a short sale going to do for a homeowner who owes more money on a property than it is worth, and who really needs to relocate right now. After all, there are options for homeowners beyond just doing a short sale, right? A case study in home selling…
As the leader in Tallahassee short sales, we get questions all the time about how they are used to sell a home. Four years ago, short sale questions came from people who were behind in their mortgages and wanted to know how selling short could help them avoid foreclosure and its long impact on their [...]
