YOU DON'T NEED TO BAFFLE THEM WITH BULL... PROFESSIONALS USE PERCENTAGES

IS IT A BUYERS MARKET OR A SELLERS MARKET? Many buyers have latched onto the term "buyers market" as a snappy catch phrase. While they may be looking to buy indeed they are not alone.This concept is very confusing when attempting to arrive at fair offering price.

But in reality, it is an Inventory Term used in Real Estate to define how inventory is shifting.

Numbers are powerful. They are also Persuasive.

They trump opinion, perceived value, or unintentional ignorance of what one may think the market is doing.

In fact, they are the strongest line of defensive reasoning we as professionals have.

There are a high number of low end buyers in Poinciana and St. Cloud, Florida. As a result, they feel they can undercut REO/ and Short Sale prices substantially and still be successful. That is the old mindset. Probably was true in 2007- but now...not so much.

ARMED WITH MARKET STATS- THE NUMBERS SPEAK MORE LOUDLY THAN WORDS.

There were 297 homes sold in the last 60 days.

11 of those sold were in $60,000-$65,000

6 of those sold at ABOVE list price

3 sold AT list price

2 Sold at BELOW list price.

Which means you have an 82% chance of Failing to get an offer below asking price accepted at that Price Level. That is tough competitiion.

Given the low number of homes available in this price range , and the high number of competing offers-it is a Seller's Market.

It is happening all over my market of Osceola County- WONDERING WHAT A FAIR OFFER MIGHT BE?

CONSULT A LOCAL EXPERT-