Help is on the way. The lenders are stabilizing the market with a more careful analysis of the market conditions in specific communities. As a result, they are resisting offers discounting already discounted (short sale) prices. If you must consider a short sale the good news is we are seeing more Buyers coming into the market. If you are selling the old-fashioned way, many Buyers do not want to deal with a short sale. Even though the lenders are achieving new levels of efficiency the time lag from offer to acceptance still exceeds 60 days on average. Many Buyers cannot or will not wait to make a purchase.
Not a short sale is a very popular headline in all the multiple listing service descriptive copy. Also, appraisers remain very conservative which is not good for the seller so it is important your property is priced so that it will appraise. We can help you do that. On the whole, more Buyers entering the market coupled with Lenders resisting even lower priced offer means a stabilized market with an opportunity for recovery over time.
TampaBayHomes is your real estate source for TampaBay Real Estate. We can help you throughout the Central Florida area. From St. Petersburg and Pinellas County and TampaBay and Hillsborough County and Land O Lakes and Pasco County we will help you buy your home or sell your home. We are your TampaBay Real Estate source.