The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month, but in a slightly different way than last month. Short-term delinquency rates (30 days late) are lower than what we saw last month, but more serious delinquencies are still up. Although we have yet to see a foreclosure spike, it sure looks like it is coming.
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Home Selling Essentials
There are a lot of things to do in order to ensure we get our homes sold fast and at the right price. Fortunately, most of them take little effort and many don’t cost anything. While this list isn’t all inclusive, it should give you a great start.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 6.7%.
The Sarasota and Manatee county markets for condos & townhomes remain disconnected for luxury homes. While buyers have the leverage in condos & townhomes over $600k in Manatee, that isn’t the case in Sarasota. In fact, the more expensive the condo in Sarasota, the more likely the transaction will favor sellers.
Before you decide to move, it is important to do a little self-reflection and homework on where you are going. Here is a checklist of things to think about before that “For Sale” sign goes up in your yard.