Sales, Stats & Seller Incentives
All foreclosure sales and pre-foreclosure sales (including short sales) in the United States showed an increase, according to a recent article by Realty Trac. REO properties declined in the 4th quarter of 2012.
With this report and the strong showing of short sales overall for the year, there should be a steady stream still of short sales still coming; however, a decline and a future decline in REO sales.
All this means is that inventory is expected to remain relatively low, and for you sellers out there looking to upgrade or scale back in your home’s size, NOW is the time: this is the year!! Having confidence in buying a home now has never been higher and sellers really hold the key to their destiny.
I expect to see more contingent sales for sellers to sell their homes, then find their dream home at their own pace with values continuing their increasing ebb. This scenario causes no rush to sell, and when a contract is properly written up as a seller, you can literally make even more money on your property selling. I know the best way to structure your sale to make even more money than you thought–even if you take several months to find another property.
Call me today for your professional analysis of your property. Thank for reading–all the best!
John A Silva