The seller’s market has softened in Gainesville FL, but buyers are still here.Gainesville is a transient town with a steady influx of people drawn to the University of Florida and Shands Medical Center. Professors, residents, students, job changes, marriage, and divorce all generate motivated buyers.
Parents don’t want to throw away rent money, students are successfully securing loans, and investors are still seeking alternatives to the volatile stock market.
The softening just means that more aggressive advertising and easy & frequent property showings is key for sellers to capture the attention of the non-peak flow of buyers.
There are always buyers for property, regardless of market conditions. However, we are now transitioning from a "seller's market" to a "buyer's market". Seller's will need to be more flexible in their terms and price.
Here is a very interesting article from the August24, 2006 Gainesville Sun:
Gainesville, Ocala buck Florida's real estate downturn
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I'd also like to welcome you to my new Blog! I plan on posting articles and insights weekly (or even more often).
Future articles will include:
Investment Property: Buying to Rent
Gainesville's Best Values
What is considered "Close to Campus"?
My children are coming to UF, should I buy?
A Buyer's Market: The Art of Negotiation
Why Fair Contracts Work Best
For Sale By Owner (FSBO) vs Real Estate Agents
Stay Tuned!
Each week Tanya Meme, the show's host, and her designer, Roger Hazard, tackle a "problem" home, and best of all, they do it in only 3 days and usually for less than $500. The transformations often seem miraculous, and homes that had been sitting for many months often sell within days after the re-design.
For more information, and a schedule of upcoming shows, go here:
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