Looking for a Bargain?
They are out there! Buyers are in a very strong position in this market. I've negotiated several deals for buyers with sales prices significantly under the Sarasota Tax Assessed value. Consider that when the market was hot, properties were going for 1.2 to 1.5 times the assessed values.
Mortgage lenders have tightened up their requirements, but rates are still at historical lows. This "perfect storm" places qualified buyers with strong credit and cash are in a perfect position to take advantage of the opportunities out there.
Mortgage lenders have tightened up their requirements, but rates are still at historical lows. This "perfect storm" places qualified buyers with strong credit and cash are in a perfect position to take advantage of the opportunities out there.
Labels: buying
posted by John Allen at 9:47 AM
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