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Tallahassee Real Estate Market Strengthens In April

Things are looking better overall for the residential real estate market in Tallahassee.

Our listing team closed on the most expensive home sale in Tallahassee in more than 10 years (more to follow on that one in the next blog post), while unit sales of all homes sold in April were higher than what was recorded in April of last year. This year over year gain is more evidence of a strengthening housing market in Tallahassee.

Today's report provides a window in to different home sales by type, whether condominiums, townhouses, or single family detached homes. We also review the differences between arms length home sales and distressed home sales.

Distressed Homes Are Selling

Were it not for the past 8 years of short sales and foreclosures dominating the...

How Big Should The Good Faith Deposit Be When Buying A Home

All negotiations are based upon leverage, and the good faith deposit used by homebuyers can establish whether or not home sellers are concerned about the strength of these buyers.

And this concern works in two different ways. The seller might be concerned about losing a strong buyer (thus the buyer has gained leverage), or the seller might think the buyer is not viable (thus the buyer has lost leverage).

Therefore, a smart homebuyer who wants to get the best deal possible will discuss the use and size of the good faith deposit with the real estate buyers agent before making an offer.

...

Finding The Best Asking Price For Your Home

Ok, if you have been here before, then you know I love reader questions, especially when they relate to selling a home or even determining the best asking price for your home.

Recently, a reader in Michigan dropped me a note to get my thoughts on solving a home selling problem.

Meredith wrote:

We live in a three bedroom two an a half bath house in Michigan. We would like to sell our house to move into a bigger house in a better school district. The realtor feels he could sell it in less than...

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