Real Estate Market Has Many Short Sales

Hi All,
Well, our real estate market in Manatee County, Florida, is still slow, and so many of the listings are short sale listings. This can be very time consuming and frustrating for many sellers and buyers, especially if they have a time limitation involved in selling or buying. Especially with the large lenders, we are seeing it taking a long time to get an answer on short sale contracts. The time frame is somewhere between 6 weeks and 3 months. So, if you're going to do a short sale, you'd better have lots of patience and not need to move anytime soon if you're a buyer.

Prices continue to come down in our marketplace on single-family homes. Prices haven't come down so much on condos but number of sales has been very low.

I hope the government can get this rescue plan worked out soon, as I think think will definitely help our real estate market. It think buyers are just sitting back and waiting to see what happens here. I can't say I blame them. If I were buying, I think I'd do the same thing.

Well, all for now. Will keep you posted.
Check out my website at: www.aliceohme.com
You can search MLS for all the latest listings on my site.
Have a great day!
Alice Ohme, G.R.I., e-PRO
Realtor
Wagner Realty
Bradenton FL