Bargain market continues to tighten

Across Manatee County from Palmetto, to Parrish to Anna Maria Island we are seeing a record in foreclosure suits being filed by lenders.

One would think this would create a glut of great bargains.

Well not exactly as I have mentioned before it takes a while for the foreclosures wield there way through the legal system and on to the market.

Add to that lenders who are telling people to stay in their homes even though they are not making payments.

As one banker told me recently they are in no rush in many instances to foreclose now because they would rather have owners stay at the house and take care of it.

Then when the really good foreclosures, as in desirable neighborhood good pricing, do come on the market they are being snapped up right away.

I was at foreclosure recently where people were three deep waiting to see it. There were eight showings the first day.

And the home was on the market one day before the lender received a full price offer.

This is starting to be the rule not exception in our county. Particularly in the Palmetto, Parrish area.

Junk is junk still but the good condition homes are going fast.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com