New Reports Highlight Severe Challenges Of Selling Existing Homes in South Florida
A series of new reports have highlighted the serious difficulties for owners trying to sell homes South Florida. So how bad is it? What are the most significant, but unexpected dangers facing these FL home owners, and where can they find a solution?
Florida Continues to Lead America in Foreclosures
While there has been a lot of noise from Florida Realtors heralding improvements in the real estate market. However, the latest statistics not only show Florida leading the nation in foreclosures, but saw the number of foreclosures rocketing by almost 100% in the summer of 2014.
The Palm Beach Post recently highlighted the county was joining a national discrimination complaint that US Bank is failing to maintain foreclosed homes in hard hit homes in South Florida. The result of this is sinking the values of neighboring homes, and preventing buyers from financing them even if they are happy to pay the asking price.
Even Good Looking Homes are No Longer Good Enough
October 2014 coverage by the Miami Herald highlights how much more demanding home buyers have become. The report raises the challenge even home builders have been facing in selling homes. The interviewed home stager commented on the fact that nice no longer sells homes, and seven different ingredients it takes to win buyers over today. When homeowners start having to go beyond worrying about curb appeal, bathrooms, and master-bedrooms, to figuring out how to make vaulted entrance ways less intimidating and ensure dining rooms meet specific buyer expectations it makes it even more complicated, and expensive.
Shiny New Construction
During the same week as the above reports the Sun-Sentinel remarked that the South Florida market has actually been slowing again. However, what really stands out is that in Miami new luxury preconstruction towers coming fast and are being snapped up for incredible sums, while older existing homes aren’t getting near the same attention. Every new development draws the best buyers and takes money out of the market. All the while other properties are effectively depreciated and continue to rot on the market.
The Penalties of Failing to Sell Your South Florida Home Fast
Many Florida homeowners are already very familiar with the pains of not selling. Bad situations get worse, bills, fees and penalties add up and make it harder to sell. The stress mounts and overall life can seem far less sunny than it is outdoors. One of the worst threats to these owners today is the rising prices from new construction and landlords which are becoming increasingly difficult. The longer it takes to sell, the more you’ll pay to live elsewhere, and this is if you can even get approved to move in at any cost.
Fortunately there is a solution, and that is contacting QuickCash2Sell who will pay real reach for South Florida properties, regardless of their condition, and can close in just days. What are you waiting for?