It’s the SALT tax, stupid: Here’s why luxury home sales have surged Valerie Orca, Florida Realtor & New Home Expert, 12157 W. – "SALT has crippled the high-end home market in northeast tri-state areas while luxury home sales in Florida have surged," says Daniel Lebensohn, co-founder of BH3. "Over the past several months, we’ve seen a tremendous increase in buyer interest from the northeast in the remaining units at Priv, our 8-acre private island community in Miami featuring two 16-story condo towers with 155 high-end units.
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Why is This House on the Market for so Long? – But, not negotiating at all turns away a lot of Buyers. So, the property will sit until a Buyer is willing to give in completely to the Seller. If you are interested in a house that has been on the market a long time, do not dismiss it soley on the number of days on market. One thing to check out is the average days on market of the neighborhood.
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However, for a seller whose home isn’t selling or for a buyer having trouble with traditional lender guidelines, owner financing is definitely a viable option. Also known as seller financing, it’s especially popular if the local real estate scene is a buyer’s market.
AllHud.net – Hud Homes for Sale – The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.
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Buying a foreclosure home vs buying traditionally. – Estate sales can go either way – either the family is wanting to unload fast, or they’re willing to wait it out (esp. if the house is paid off) for an offer to match their price. Re: foreclosure, the process depends if it is bank-owned or not. If bank-owned, closing can be as soon as 2-3 weeks.
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