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The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS. The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.
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If you have to sell a home, I have an important tip that is crucial for you to understand. The internet has created many changes and opportunities in the real estate market, and home sellers who do not understand the evolution in pricing strategy will find that they are chasing away homebuyers. One big questions that home sellers always want to ask is how much “negotiating room” should they include in their asking price for a home. I’m sure Google has seen the following more than once!
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Summerbrooke home sales are “fighting the fight” that we are seeing in most Tallahassee neighborhoods. Home prices are still dropping in Summerbrooke, but monthly sales are on the rise, which is a major step in moving the market towards a balance between supply and demand.
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The Housing Tax Credit is set to expire on April 30th, 2010. Perhaps the most often asked question at the Tallahassee Real Estate Blog is “do you think the tax credit is going to be extended again.” Since this question is based upon politics, it’s not really something we can determine with “charts, graphs and [...]
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We have received so many inquiries via our new Tallahassee Foreclosures Web Site about purchasing Tallahassee foreclosures that I am feeling like a recorded message. Many buyers want the perceived deals that “foreclosures” imply, so I figured I would lay out some advice that really fits our current times.
With so many of our homes upside-down [...]
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If you have no desire to sell your home, you might be interested in finding out how to lower your property taxes. Anybody who has been following the Tallahassee Real Estate Blog for any period of time can tell you that property values in Tallahassee have fallen as much as 25% in some areas, but [...]
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There is a new leader at CENTURY 21. Richard W. “Rick” Davidson was appointed President and Chief Executive Officer of Century 21 Real Estate on February 19, 2010 after the resignation of Tom Kunz. Mr. Davidson takes the helm of the real estate industry leader after four of the worst years the housing market has [...]
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The number of homes labeled as “Distressed Property” continues to grow in the Tallahassee real estate market. A quick search of the Tallahassee MLS for homes that are short sales, foreclosures, bank owned or relocation shows that 22% of the active listings for condos, townhouses, and single family homes are in this category!
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