Finding non-distressed sales to use in market analysis no easy task
When called to prepare a market analysis for a home owner who is not facing foreclosure or in a short sale situation the task has been made difficult by the number of distressed sales throughout the majority of the Florida market place.
Traditional sellers have maintained the condition of their homes better than distressed home owners in most cases. Non-distressed sellers can offer buyer incentives that distressed sellers cannot. Regular sellers can allow for inspections and are willing to make repairs as needed when required. However even with these enhancements the non-distressed seller is finding their home value affected by the comparable sales consisting largely of distressed property.
Hopefully 2010 will see the beginning of stabilizing home values and more traditional homes selling to offset the past 2-3 years.