New Year. New Challenges, New Opportuities.
2012 was quite a year but 2013 looks like it might be heading us in the right direction.
Inventory levels were at record lows in 2012. That leaves opporunities for 2013. Prices seem to be climbing and there are fewer Distressed homes for sale. Are we going to get hit with a boat load of them this year. Will Financing continue to be a record lows, allowing buyers to get great deals on mortgages?
One thing is for sure, we have hit bottom and are back on the way up. Unfortunately, there are many buyers out there who still are bargain hunting and are getting frustrated with the lack of opportunities.
I keep telling them, the deals are gone. If you dont believe it, just look around. They believe they can come in and underbid the listing price by unreasonable amounts. Sellers see the inventory levels are low and know if they can hang on, they can get a more reasonable price.
Too much of what some of clients see about Real Estate is on HGTV and on the House Hunters shows. First of all, those arent in Florida. Second, they arent totally realistic. Remember, its a show and they are looking for ratings.
Bad weather up north always seems to help the Florida economy. People get tires of snow, ice and the cold weather and then head south to get away. When the see the beautiful weather here, it makes them dream of the possibility of moving here, retiring here, or just having a place to escape.
And when they get here, they should realize that now is the time to buy, because the prices are rebounding and if they wait any longer, it will be more expensive.
2012 was a busy year and I see 2013 stacking up to be even busier!
Happy New Year to all!
Pete
www.yourhomeinstpete.com
