Orlando Real Estate, Orlando Buyers Agent, Orlando Homes, Orlando Buyers Broker: Orlando Buyer Broker opinion on "Orlando Foreclosure Shadow inventory"

Orlando Buyer Broker opinion on "Orlando Foreclosure Shadow inventory"

Orlando Buyer Broker opinion on "Orlando Foreclosure Shadow inventory"

I am sure that every Orlando Home Buyer has heard about the GLUT OF BANK FORECLOSED HOMES  in ORLANDO  that the banks are holding back and will release when these foreclosed properties are ripe for the Orlando home market...supposedly, this will flood the Central Florida Real Estate Market with lots of bank owned bargain homes.

This Orlando Buyers Broker no longer believes that!

Orlando Buyers Broker comments further that even if this phantom shadow housing inventory of Orlando foreclosure REO's and Bank Owned Homes were to come to the Orlando Real Estate Market, it will be so diluted due to the  Orlando shortage of homes available to buy that it will not be noticeable...now that part is for real.

This "Shadow Housing Inventory" story has been Home Drama News in the news papers and television for too many years .Banker in a foreclosure

In fact, It has been 3 years since I first started hearing about this wave of Orlando Foreclosure Homes coming and I have not seen any bunch of homes hit the real estate market, in fact the number of Orlando foreclosure homes are decreasing...as are all the regular inventory Orlando homes and Central Florida Homes.   Do I believe that all these foreclosures are still coming?  probably not...but either way, I have sure stopped waiting for it...

WHY?  Because not only will more foreclosed homes not make a difference in inventory, I also don't believe that they will be bargain priced either...banks are not giving away properties anymore.  Multiple offers for bank owned properties are common.

Meanwhile there are still some bargains left so call me to chat about what is available.  407-539-1053

 

Copyright @ Buyers Broker of Florida 2012:"Orlando Buyer Broker opinion on Orlando Foreclosure Shadow Inventory"

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Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

Comment balloon 1 commentMike & Eve Alexander • May 20 2012 12:02PM

Comments

Eve

Once again I see you ahead of the curve with your analysis! As you have placed offers on homes for us, we have seen that prices are suddenly very firm, and we are up against multiple offers within days of properties listing.

The spread between Asking - Selling is becoming narrow, and some properties going for more than listing.

The advice you have provided us, "Best first offer" is our mantra in this market.

Thanks again for your assistance.

Mary B

Posted by Mary B about 6 years ago

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