The Pierre T…, Real Estate Pro in Springfield Gardens,...

Do Real Estate Trends Favor Buyers or Sellers in March 2012?

Asked by The Pierre Team, Springfield Gardens, Queens, NY Mon Mar 5, 2012

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Hello Pierre Home Selling Team,
Everybody knows that it's a Buyer's Market. Mortgage interest rates are ultra low, sales prices are lower than last year in most regions, and there still are some bargains to be had with the amount of foreclosures and short sales on the market and yet to come.

No doubt that the market is favoring the buyer.

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Mon Mar 5, 2012
What a great question!
Folks, if you've been wondering 'Where's my bailout?" you don't need to look further.
This market is allowing those who are able to buy a dollar for fifty cents. And it is not disappearing soon.
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Take a look at these numbers for Palm Harbor FL from the MLS and County database
Palm Harbor FL
Cash Sales 2011____636______YTD__30
Financed___________657______YTD__67
County____________2393______YTD_137
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In 2011, 45% of county recorded sales were outside the MLS
YTD 2012, 30% of county recorded sales are outslde the MLS.
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There are multiple reasons for this but they all indicate a strong and sustained buyer market in Palm Harbor, FL. This is the only bail-out that the citizen will find. And it is likely to occur only once in a lifetime.
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Three years from now, when the dust settles and your neighbor laments, "I wish I had the opportunity to buy some real estate," don't be found guilty of keeping this opportunity a secret.
Clearly, the situation is different in Queens. But, if your Queens neighbors have a desire for a slice of Sunshine, I will take good care of them.
Best of success in 2012
Annette Lawrence
Broker/associate
ReMax Realtec Group
Palm Harbor, FL
727. 420. 4041
1 vote Thank Flag Link Tue Mar 6, 2012
It'll favor the sellers in some transactions; and it'll favor the buyers for the rest.
All I know is that if if favors neither side, then we're out of business.
Web Reference: http://www.321property.com
1 vote Thank Flag Link Tue Mar 6, 2012
Depends on the neighborhood. Here in Silicon Valley there are buyer's and seller's markets just a few miles away from each other - and in the same town.
It's always been that way and always will be.........................
0 votes Thank Flag Link Tue Mar 6, 2012
Pierre,

it apears that the market is in favor of the buyers at this time with lower prices, usually some closing assistance available and historically low interest rates
0 votes Thank Flag Link Tue Mar 6, 2012
It is definitely a buyer's market. But that means it's good for sellers, too. Prices are low, interest rates are low and there is a lot to choose from. The good news for sellers is that the trend seems to be going toward banks doing more mortgage lending, which will tend to increase the buyers' pool and make it easier to sell as well. We're still a long, long way from a seller's market but at least the homes won't languish on the market if they are priced correctly and in good condition.
0 votes Thank Flag Link Tue Mar 6, 2012
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