Should You Be Buying or Selling in Bradenton?

Is it a buyer’s market or a seller’s market in the Bradenton area? The answer is both.

Overall, when you look at the larger numbers, the inventory levels are favoring buyers. In breaking down each individual house in each individual neighborhood, however, the market is favoring sellers.

If you’re in the lower price point (under $350,000) anywhere in the Manatee-Sarasota area, for instance, you’re very much going to be in a seller’s market. If your home is priced effectively and accordingly, it will sell very quickly. If you’re in a higher price point ($500,000 to $700,000) anywhere in Northwest Bradenton, you’re looking at about nine to 12 months of inventory, which makes it a buyer’s market.

Is it a buyer’s or seller’s market? The answer is both.

Whether you’re buying or selling, it’s important that you look at your price point and your neighborhood to find out which market applies to you. If you’re a seller, you need to do the updates and upgrades and price effectively and accordingly. If you’re a buyer, you need to do your homework regarding inventory. The good news for buyers is that there is more inventory coming up, so you will have more choices and more opportunities to make a better deal.

With that being said, the market is slowly starting to favor buyers. Houses will still sell, but you have to provide the best value if you want yours sold in a timely manner. If you have any other questions about our real estate market, give us a call or send us an email. We look forward to hearing from you!

What Should You Expect From Your Home Inspection?

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I think it is important to have a home inspection on every single property you buy. If you’ve bought or sold homes in the past, you’re probably wavering on the necessity of a home inspection, but you need to know as much information about the home as you can.

There are several types of home inspections, but the one you want to start with is the general overall home inspection. Expect the general inspection to last from two to four hours. You don’t necessarily need to be there for the whole process, but it is important that you show up sometime near the end. The inspector is going to take photos and notes on anything they find along the way so that they can go through the information with you point-by-point and advise you on how to resolve any problems. Houses are built with time, money, and effort, and keeping up with repairs is no different.

Let’s say the inspection does bring an unexpected issue to light. What we would do in that case is approach the seller and, depending on what kind of contract you’ve agreed to, negotiate with them on how to fix it. This is why it’s very important to have an expert Realtor handling the process. Along the way, you want to feel comfortable that you’re getting a good deal.

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You want to feel comfortable that 
you’re getting a good deal.

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A home inspection isn’t 100% failsafe. It’s possible that the AC unit will wait to go haywire until after you buy the home. What I recommend, then, is that you buy a home warranty after the inspection to protect yourself against any major setbacks. You always have the option of extending it past that time period.

If you have any questions, please feel free to give us a call or shoot us an email. If you’re looking to buy or sell a home, then we would love to help. Have a great day.