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- Inventory – Supply and demand. When supplies go up, prices come down. The supply of
Bonita Springs homes competing for buyers has been on the rise all year. Home sellers have offered more incentives to attract buyers from other homes. Developers are offering great incentives which include mortgage payments for a period of time, homeowner association fees paid for a period of time or designer upgrades and decorating packages. Real estate IS local. Even in a town likeBonita Springs there are neighborhoods that offer better choice, more competitively priced than the homes the next community over. - Interest rates – Mortgage interest rates remain at historically low levels allowing buyers to buy more home for less money per month. If you thought you were priced out of the
Bonita Springs market, you might want to take a second look. Interest rates will eventually rise and as they do the size and features you want will begin to be out of reach. - National Economy – Low inflation and unemployment, a high level of consumer confidence, the stock market at all time highs and a national economy that continues to grow provide additional support that we are not in a housing bubble which will burst shortly after you buy a house.
- Mortgage Programs – New and innovative financing programs have allowed for a greater number of variables to be considered during the loan application process. As the sellers market cools many lenders have begun to scale back certain lending programs. If you plan to buy a home, one of these programs may benefit you. By making the decision to buy a home now, you will have more lending options available to you.
- Prices leveling – Real Estate values in Bonita Springs and all of Southwest Florida and around the nation have declined for some types housing since the beginning of summer. Inventories of existing
Bonita Springs homes and condos are beginning to stabilize and recent statistics from local listing services and the National Association of Realtors indicate that housing prices may have reached their bottom in this cycle.
If you are waiting for the best deal on a home in Bonita Springs, now may be the best time to find it and score a great deal! Call today and find your little piece of Bonita Springs Real Estate in the sun.
Tags: Bonita Springs, Bonita Springs Real Estate, listing your home, selling your home, Tips
[...] Janet wrote an interesting post today onHere’s a quick excerptBonita Springs Florida Home The Southwest Florida real estate market has seen several years of above average home appreciation. Sellers have enjoyed profits from selling their homes and using the revenue to upsize, pay off debt, … [...]