Wow.... I count at least two puns in that headline:)

Seriously,  according to CNN, you really have to weigh all of your options before you turn in the keys and walk away from a loan commitment you have with a bank for a property you own.  It can be many years (more than you might think) before your credit score is restored and you have the opportunity to borrow money. So before you pull the plug, you should consult with someone who might offer some other suggestions and possible solutions.  Someone like your Realtor for starters.  In the past year I have worked with a number of homeowners thinking they had only two possible paths- short sale or foreclosure.  In every single case, I have sold their homes without having to resort to either of these options....and the sellers' credit was not impacted at all.

Here is the article from CNN

If I can be of any service, or if you have any questions...please do not hesitate to get in touch with me.


 

In a nutshell, from the first graph you will note that the amount of pending sales in Orange County increased significantly in April (in part to the deadline for the $8000 tax credit), homes on the market continue the declining trend, and actual sales remained basically flat though up significantly from last year.

In the second graph you will note that the "days on the market" number for homes in Orange County is the lowest in over a year, while sold price averages 96% of list price.

For more information about what these numbers might mean to you, or if you would like to see data on any other counties in Central Florida, please get in touch with me.

This article from this morning's Orlando Sentinel...... still sitting on the fence?

It is the combination of lowest pricing in years AND wages and earnings - which have remained stable.
Give us a call if you have any questions.