Palm Coast Real Estate Prices On The Rise

Palm Coast FL Real Estate

Homeowners are upside down in their homes and not every one wants to sell. A lot of homeowners are trying to make it work by doing loan modifications, cutting expenses, or just waiting for a more favorable economy. What does this mean as a buyer? It’s the old “supply and demand”. Sellers are staying in their homes and not selling.  This limits the Palm Coast real estate market forcing prices up.
What about Foreclosures? Although the amount of foreclosures on the market is significantly higher than past years, the banks are not going to put all of their inventory out at once. This would be a financial disaster. An inventory shortage will cause prices of homes to increase. This is a win for the banks and a boost to the market.
Short Sales are still the best deal in town, as long as you understand that the process can be lengthy, tedious and may not always work.
Remember that Real Estate is local and what is happening in San Diego may not work in Chicago. Palm Coast has it’s own unique market. Flagler County is expected to grow 100% in the next five years and with prices starting to rise, the time is NOW to buy. Should you want to sell and upgrade, or sell and downsize, you can take advantage of savings as well.
You need a competent Realtor who knows the market, understands the economy and is fluent in the art of short sales.
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Palm Coast FL Real Estate