The #1 Reason It Is Difficult to Find Your Dream HomeThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation
Every House On The Market Has To Be Sold Twice
First, the home is marketed to the buyer and then to the bank if a mortgage is required. Of course in a rising market, the real value of a home can get out ahead of comparable properties.
Value is and always will be what someone is willing to pay, not what a bank will lend right now.
Luckily in the Disney Area Market, especially in our vacation homes, we do not have this issue. There is plenty of inventory and most of it is overpriced. It is a buyer's market. But it won't always be that way. In Real Estate we like to say. "Time is of the essence". Waiting until next year to purchase that bargain second home will likely cost you more in many ways.
Give me a call to discuss our unique market. There really is no place like Orlando!Read more here...
Image courtesy of the National Association of Realtors.
Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a real estate brokerage in Oregon during the 1960s and 70s. Lance helps mainly vacation home investor....
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