|
SELLING in Today's Real Estate Market
If you are looking to sell
your home in today's real estate market you must look at the whole real estate market picture. The market is stabilizing
in Marion County, so you need to price your property accordingly. Look to a Realtor to provide you with real estate
market facts that can assist you with the pricing of your home. No,
we are not seeing the market appreciation that we all witnessed the past couple of years in Marion County. But,
look what we paid for property in the past years. A couple of years ago, you could find a 1/4 acre property for
$1000 to $5000, depending on the area. 1 acre parcels were being purchased for as low as $5000, and you could pick-up
over 3 acres for $40,000 in Dunnellon, Belleview and Ocala. You could purchase a single-family home for less than
$100,000. People were taking advantage of the low prices, buying, buying, and buying. Driving the market
up, up, up! Interest rates were low, and everyone took advantage of the buying opportunities. How long could this
buying frenzy last? It lasted until the prices were pricing buyers out of the market, interest rates started rising,
taxes and insurance skyrocketed, and gas prices peaked. If you were one of the many sellers that took advantage
of the peaked home and land prices, pat yourself on the back! Those days are gone, and now we are back to a stabilized
market. Actually, a healthier market. Remember back when homeowners were happy with a 5 - 10% yearly equity
gain on their properties? Sellers took there profits and were able to up-size and keep the same or close to
the same payment, or down-size and have money left over. Would you make that return in the bank? Would you of
saved that amount on a yearly basis if you did not have a property that appreciated? Real Estate is still a GREAT investment.
|
 |
Who is a REALTOR? A real estate agent is a REALTOR®
when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's
largest professional association. The term REALTOR® is a registered collective membership
mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes
to its strict Code of Ethics. Founded in 1908, NAR has grown from its original nucleus of 120
to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople,
property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to
one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join
one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal
and international real estate specialty sections. REALTORS® are pledged to a strict Code
of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility
for professional development, research and exchange of information among its members and to the public and government for
the purpose of preserving the free enterprise system and the right to own real property.
|
