We know we all of liked to of sold our properties during the peak of the market, We have 10 rental houses that we to wished we would of sold then but.................

 
Market values have come down and will continue until the short sales and foreclosed  properties stop and that is not in the near future. The Market is different from area to area subdivision to subdivision and complex to complex. Some subdivision and complex have few active properties in them, belive it or not, so the owners with in that subdivision or complex are content and not desperate to sell at the moment.
 
The master minds at the National Association of Realtors, our CEO and his team at Keller Williams Realty for the national Real Estate market do not see the market leveling off until 2012 - 2014.
Our CEO says we will not see 2004 and 2005 prices for a long, long, long time.
Our Emerald Coast Board of Realtors see our leveling out will be 2011 - 2012 but again it is form complex to complex, what is for sale or not with in the area.
 
We tell our Sellers to figure there carrying cost until 2012 which the price at that time will be less than now or on its way back??? If you have a price in mind you want to obtain you will need to add the years  of appreciation it will take to get to it, which in the normal years that was 3 - 6%.
 
Planning to market after the Holidays because of not much going on then??  We had one of our best months for writing  contracts in December. Also If there is someone looking during the Holidays they are certainly serious! !!  Lots of sellers are thinking the same and more properties come on the market the first of the year then any other time. Be ahead of the them.
 
Home buying advantages in the "slow" season

 Winter is often considered a slower season for real estate. The demands of the holidays and less-than-perfect weather conditions typically lead to fewer listings and fewer buyers searching the market. The relatively quiet winter real estate market can actually be a great opportunity for motivated buyers for 3 main reasons:

  1. Sellers who list their homes during this period are usually highly motivated. They may be relocating for work or may be in the process of purchasing a new home themselves. Whatever the reason, it's likely that they are looking to sell the home more quickly than the average seller. This means they are more prone to accept lower offers or conditions more favorable to the buyer.
  2. Fewer buyers means less competition. Though there may be a lower number of homes on the market, there are also fewer buyers fighting you for those listings. A slower marketplace keeps houses on the market longer and allows you to discover great properties.
  3. Mortgage interest rates tend to be a little lower during the winter.

January is a great time to buy a home, but don't forget that preparation is the key. There are still important steps to take prior to looking for a home. Research your credit history as soon as possible; this way you can clear up any discrepancies that could prevent you from getting a good loan. Once you feel your credit record is in order, contact a lender to secure pre-approval for a mortgage. Having pre-approval will let you shop this great market with confidence, and will mark you as an informed homebuyer. Remember that all sellers are looking for serious buyers, even if buyers are in short supply.

A professional buyer's agent can help you begin your buying plan, guide you through the pre-approval process, and act as a skilled negotiator once you find the home you're looking for. The New Year is an ideal time to purchase a new home. This may be the right opportunity for you!

 
 

 

Hope this helps, Call Denis now 850-685-4014