Fort Lauderdale Real Estate Listings Increase | Quality Is Low
According to the Sun Sentinel, the quantity of listings available in Palm Beach and Broward Counties, as well as the Fort Lauderdale Real Estate market, have increased during the past year. However, buyers and their agents say they have seen the quality of the listings decrease. During the fiscal year of 2014, the Real Estate community was anticipating a high influx of newly released foreclosures from banks and mortgage companies. Also expected to contribute to the amount of inventory were owners who were willing to place their properties for sale on the improving market.
Homes valued between $150,000 and $299,000, which are aggressively sought after by young buyers and families, were listed in great numbers. However, although Fort Lauderdale Real Estate listings increased, there has been a lot of “junk” listed for sale on the market. Some believe that the shortage of quality listings have triggered an increase in the rise of listings from greedy sellers. Quality, move in ready housing houses most better neighborhoods remain elusive. The majority of listings are in poor shape, overpriced, or both. This leads to buyers placing multiple offers on multiple properties, while hoping to get a decent property at a reasonable price. To see full Sun Sentinel article – Fort Lauderdale Real Estate Listings Increased.
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