Jacksonville Waterfront homes market update
Posted by Brad Officer on
This is the latest market update for Jacksonville Florida and the surrounding areas for waterfront home sale
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This is the latest market update for Jacksonville Florida and the surrounding areas for waterfront home sale
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Choosing where to live is all about lifestyle choices. Most home buyers choose where to live based on their location to several key places: work, schools, and friends and family.
Jacksonville is a unique city in that there is an opportunity to live in just about any location in the city and either be near the water or on the water. If you are considering a home purchase, consider a home on the water. You may need to stretch your budget a little, however a waterfront home will always be in demand when you are ready to resell in the years to come!
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More news coming out on why this may be the bottom to the real estate market. I doubt we will see a spike back up any time soon, however we will all be glad if this is the bottom of price drops. Time will tell.
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Reported this morning on a national news channel, only 5% of Americans are either in the market or about to be in the market to buy a home.
This number is very low, but not surprising considering the current economy. The really good info was the demographic as they reported the MAJORITY of that 5% were under the age of 35. The "under 35" category is made up of Gen-X and Y, and they believe the market has bottomed out and now is a great time to pick up good values.
The majority of homes that I have sold in the past few months were purchased by first time home buyers which supports the national trend as well. Not surprisingly, the homes that were neutral in color, very clean, with well…
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A short sale is a long and tedious process for the seller, the buyer, the agents, and the bank/s holding the mortgage. No matter what, it takes more time to close a short sale than a regular real estate transaction. Can you speed it up? Yes, absolutely. However, it requires knowledge on the front end before making the offer.
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