By Brett Ellis
Every day we get questions from buyers and sellers. We thought we’d provide expert answers to common real estate questions we hear often and inform readers because they may have similar questions.
What is Definition of a Sellers Market? Most experts agree that 5.5 months’ supply of inventory is a balanced market. Anything less than 5.5 months’ supply is considered a seller’s market and anything more is considered a buyer’s market. Keep in mind the same local real estate market can have sectors. Certain price ranges in SW Florida for instance could be a seller’s market while other are balanced or a buyer’s market.
How Much Money Do I Need to Purchase a Home? We sell homes ranging from 0% down all the way to 100% cash. There are various loan programs available to buyers. Knowing who has the programs and what income and credit scores you need to qualify are the key. There are even down payment assistance programs and bond money available. The best thing to do is call the Ellis Team and we’ll put you in touch with someone who can help.
Do I Need to Sell My Current Home …read more
Source:: Top Agent