Tuesday, March 09, 2010

The endless Sarasota real estate search

Have you been looking to buy a home for a really long time? I have some clients that have literally been looking to buy a home for the last 5 years. Of course, they don't bother me very often. Every now and then they call and want to see a property. A few of them are second home buyers and give me a call whenever they are in town.

Ask any Realtor if they want to spend years looking for a home for a buyer and if they answer honestly they will tell you no. However, times are a little different now. If you bought within the last 5 years there is a good chance that the home you bought is worth less today from when you purchased it. Realtors are more lenient on buyers on the never ending search because of lowering prices.

In some instances the reason people never buy is because they are only wanting to purchase a home for less than it is really worth. For example, a buyer might be willing to pay $300,000 for a home that is really worth $350,000. Let's say 6 to 12 months later that home is now worth $350,000. Then the buyer is no longer interested in the home at that price. They now want it for $250,000. They are always wanting to purchase something for less than it is really worth. Those people tend to spend years looking for a home and never buy. I guess there is nothing wrong with that other than wasting the Realtor's, seller and their time.

If this may be you here is an exercise for you. Have you Realtor email you all of the homes that have sold in the price range and areas you like within the last 6-12 months. If you don't see one home that you would have bought for what it sold for then you probably have an unrealistic view of the market and will never buy.

Give me a call at 941.812.6272 if I can help you buy or sell a home. Visit my Sarasota real estate page to view thousands of homes for sale.

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