Posted by Mark Washburn on Saturday, April 28, 2012 at 8:31:27 AM By Mark Washburn / April 28, 2012 Comment
The common theme from our team this past quarter was that buyer expectations were not aligned with the realities of the real estate market here in Fort Myers. Many out-of-town buyers showed up expecting to "steal" a foreclosed or short sale property for a HUGE discount off the asking price. The reality of the market was that well-priced listings were receiving multiple offers as soon as they hit the market. We often kidded with buyers that didn't believe us about the market conditions that their low-ball offer was a "practice offer." After writing a couple of "practice offers" that were not the winning bid, buyers either adjusted their expectations to submit a bid to win or went home without a purchase. In the first quarter of 2012, residential property in Lee County Florida sold for 93.31% of asking price, here are the details : The belief that banks are unloading homes at 50% of asking price is a myth and and not reflective of our current market conditions. Our team is skilled with helping out of town buyers find a new home in the greater Fort Myers area. Here is a resource to facilitate your search for a new Fort Myers home.
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