Sell today, sell now

If you are considering selling your home or have to sell your home this is your window of opportunity.

Here’s why.

On average a home that is in foreclosure can take anywhere from 12 months plus to return to the market as a foreclosure sale. That time line begins when the foreclosure complaint is filed at the clerk of court.

Between Mar. 1 and Sept. 1, 2009 we have seen between 999 and 1124 short sales or foreclosures sold.

Over 40 percent of homes sold in Manatee County between those dates were short sales or foreclosure sales.

In 2009 the increase of foreclosure complaints filed averaged a 13 percent monthly increase from last year. Based on recent history we can expect to see a 13 percent monthly increase next year in short and foreclosure sales on the market.

What does this mean for us sellers today?

With the $8,000 tax credit set to expire Dec. 1, the all time historic interest lows, and the lack of inventory to choose from on the market, buyers are desperate to scoop up a home and take advantage of the benefits while they last.

Here is your opportunity to give them the benefits and sell your home.

We can’t predict a tax credit this large, and low, low interest rates, or a lack of inventory next year.

In retrospect, the one thing that can be predict- foreclosure defaults are up this year and so will the short sales and foreclosure sales next year.

Britt Truluck
Keller Williams On The Water
941.526.9341
britt@teamworksfla.com