After 9 months of positive sales increases, The media is finally taking notice that home sales have increased and that first time buyers and investors are jumping into the market to pick up foreclosures before prices start to rise again. In some sections of the housing market here in Central Florida we are seeing multiple offer and price bidding on bank owned properties. This is usually the first sign that the market has hit bottom and prices are beginning to stabilize.
I would caution any buyer that is waiting for further price decreases to take notice of the sales increase for Central Florida. Waiting on the fence for better pricing might mean that you miss the bottom of the market and great deals on “quality” foreclosures.
Call or email me today for a list of foreclosures that fits your needs. Now is the best time to buy before prices start to rise again.