Under Contract in Less than 24 hours!!

bradentonhomes

5228 58th E Terrace, A Spectacular spacious family home was listed and within 24 hours, was under contract just above asking price!

Let us do the same for you now! call us @ 941-556-5030 or email us at angie@cegnarsellsflorida.com and we would be more than delighted to help you in the sale or purchase of your home

Homes for sale remain in low supply

house for sale

 

 

The supply of homes for sale is still unusually tight as the spring buying season opens, helping sellers by turning up the heat on already-rising prices.

 

The number of homes listed for sale on real estate website Zillow was down almost 17% in late February vs. a year earlier. In some California markets, they were down more than 40%, Zillow data show.

The supply crunch is likely to last all year, says IHS Global Insight economist Patrick Newport. “We’re still not building enough homes.”

While the U.S. is creating about 1.1 million new households a year, housing starts in January came in at an 890,000 annual rate, the government says.

But as prices rise, more owners will be motivated to sell, easing supply shortages, economists say.

Home prices were up 7.3% in the fourth quarter from a year before, Standard & Poor’s Case-Shiller data show. That was a much faster rise than most economists expected for 2012.

Nationwide, the supply of homes for sale — based on the pace of sales — fell in January to 4.2 months, the National Association of Realtors says. That’s an almost eight-year low. A six-month to seven-month supply is considered balanced between buyers and sellers.

The availability of the most expensive homes in the markets Zillow tracks has tightened more than those at lower price levels.

Homes for sale in what Zillow defines as the top price tier in each market fell by almost 21% in February compared to a year ago. By comparison, the inventory of homes in the middle tier dropped 17% and those in the bottom tier fell 9%.

The price tiers vary by market, based on local prices.

Five California cities in Zillow’s survey are among those seeing the biggest inventory drops, ranging from a 48% decline in Sacramento to a 36% falloff in Riverside. But other cities are also seeing significantly fewer listings. New York is down almost 19%, Dallas-Fort Worth, nearly 21%, and Orlando is off 27%.

Only five of 99 metros showed an increase in listings, led by El Paso, up 19%, and Albuquerque, up 8%. Little Rock, Fort Myers, Fla., and Youngstown, Ohio, also saw increases.

 

 

http://www.usatoday.com/story/money/business/2013/03/10/supply-of-homes-for-sale-still-lagging/1972853/

Best of Advice: Do I Need To Sell My Home Before Buying A New One?

 

 

homeforsale

   Q: Can I make an offer contingent on selling my home first?

 I would love to buy a smaller house but have to sell my own home first for the funds. Years ago you could put an offer on a house only if you sell your own home first, is        there anything like this anymore? I’m sure there isn’t but thought I would ask.

A: Yes, times have changed. In today’s world there are very few, if any traditional sellers who are willing to take the contingency of “Must sell my    home first.”

The short-sale and bank-owned sellers (basically banks) will take no such contingency. However, there may be options when selling that may assist you in a new purchase.

A: Yes, it happens still, not as much due to how fast a seller can release an asset.

For higher end homes that have a premium, I have seen this exercised in contract. It is part of our standard 11 page GLVAR contract in Southern Nevada. With the vast amount of short term rentals out there and the amount of investors in our market, a possible option that makes more sense with seller market, is to sell your home and lease it back from investor until you get your new place. Another option is to sell and then do a short term rental of a different property and then transition.

 

 

http://www.realtor.com/blogs/2013/02/19/best-of-advice-do-i-need-to-sell-my-home-before-buying-a-new-one/

Weekend calendar: Jan. 17-23

CALENDAR

FAIRS, FESTIVALS & MORE

http://www.bradenton.com/2013/01/17/4351008/weekend-calendar-xxxxx.html

Small Business Saturday!! November 24th

Small Business Saturday is November 24th

Saturday, November 24, 2012 is Small Business Saturday® – a day to celebrate and support small businesses and all they do for their communities.  Please join the SBA and organizations across the country in supporting your local small business by shopping at a small business.

NAR issues 2012 survey of buyer and sellers

ORLANDO, Fla. – Nov. 12, 2012 – Dual income households comprise a greater portion of the housing market and are helping sales recover, according to the 2012 National Association of Realtors® Profile of Home Buyers and Sellers released on Saturday.

The annual buyer-seller survey evaluates the demographics, preferences, motivations, plans and experiences of recent homebuyers and sellers. The responses are heavily representative of owner-occupants and don’t include most investors.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=283424

The things that we most of the time take for granted are always those that deserve our gratitude. Be thankful to that thing or person today and make every day of the year a personal Thanksgiving one. ~Kurt Avish

Inspirational Thanksgiving wallpaper