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Old 03-05-2012, 11:06 AM
 
1 posts, read 928 times
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I am looking at buying a home in NP, PC area and see that its getting hard to find a bargain. I know things are not going up 10% a year but they seem to be moving fast. What is the prognosis for this spring?
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Old 03-05-2012, 11:59 AM
 
Location: Port Charlotte, FL
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The prices have gone up since last year and the inventory of homes has gone down in this area. It is still very competitive. If you see something you like, you have to jump on it. Once something good comes on the market, it goes pretty fast. I have a lot of buyers looking and the choices have definitely been narrowed down. I had one buyer that picked out 19 homes to see a week before he came here. When he got here, there were only 7 left to see out of his original list. I expect the Spring to be pretty much the same.
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Old 03-05-2012, 12:10 PM
 
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We're on a listserve from a realtor who sends out houses that meet our criteria, so we get about 2 listings a day, and we 've noticed too that the prices ARE going up.
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Old 03-05-2012, 01:55 PM
 
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What I really don't understand is there are two homes on our street that have been empty since we moved in last June. No signs are up to sell them, no activity that we can see at all. I would have thought the banks would want to get rid of them. They are really nice homes and the yards are kept cut. Is 9 months unheard of for homes to sit like this? It would be nice to get people in them before they deteriorate.
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Old 03-05-2012, 03:04 PM
 
Location: sittin happy in the sun :-)
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I have a home in rotonda that will be going 'live' on the MLS this weekend, so i am hoping that the signs are right and it will move quickly
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Old 03-05-2012, 04:59 PM
 
Location: Port Charlotte, FL
3,979 posts, read 9,707,496 times
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Quote:
Originally Posted by nphomeowner View Post
What I really don't understand is there are two homes on our street that have been empty since we moved in last June. No signs are up to sell them, no activity that we can see at all. I would have thought the banks would want to get rid of them. They are really nice homes and the yards are kept cut. Is 9 months unheard of for homes to sit like this? It would be nice to get people in them before they deteriorate.
We have lived in our current location for over 3 years and we have a vacant home at the end of our street that has been vacant ever since we moved here. It was a newly built home and no one ever lived in it. The bank started mowing it last summer. Just 2 weeks ago they put a lock box on the front door but it still isn't listed for sale. It can take several years for a home to go into foreclosure. Sometimes they go up for auction first and if it doesn't sell by auction then it goes up for sale. The process takes a long time. I have people waiting for vacant homes to come on the market. Sometimes it doesn't make sense for the banks to wait so long, but they are so back-logged. They just can't keep up with everything. It takes time and money.
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Old 03-06-2012, 06:35 AM
 
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The prices going up are one thing...but are they APPRAISING?
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Old 03-06-2012, 06:50 AM
 
Location: Port Charlotte, FL
3,979 posts, read 9,707,496 times
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Quote:
Originally Posted by mylittletyguy View Post
The prices going up are one thing...but are they APPRAISING?
Every one of mine has appraised high enough.
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Old 03-06-2012, 06:54 AM
 
Location: sittin happy in the sun :-)
3,638 posts, read 6,580,190 times
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there are also an awful lot of cash buyers so the appraisal doesnt come into the picture
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Old 03-06-2012, 07:27 AM
 
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We bought a house last may (we were building, but that was a total fiasco) and it didn't come anywhere close to appraising (also the issue with the house we were building) and our realtor told us that it had become common place for that happening....I guess a lot has changed in 10 months! That's good for those that have purchased though!
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