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09-07-2024, 08:09 AM
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Sage
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Join Date: Mar 2008
Posts: 40,170
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Quote:
Originally Posted by Normal
With a real buyer’s market emerging in the Villages Florida, you may want to seriously watch any contracts you might be pressured into signing. Be prepared to write contingency requirements on any contract if you do take the plunge on a buy during the fall winter sales seasons when sales are at their lowest point.
Florida leads the nation on CANCELLED CONTRACTS. Neighboring Orlando is ranked number one in buyers cancelling with cold feet before a close.
In Orlando, about 900 home-purchase agreements were canceled in June, equal to 20.8% of homes that went under contract that month—the highest percentage among the 50 most populous U.S. metropolitan areas. Next came Jacksonville (20.5%), Tampa (20.5%), Las Vegas (20.2%) and San Antonio (19.9%).
Note, Florida has the top 3 spots. Make sure you aren’t stuck on the hook for a foolish impulse buy. Prices are taking the plunge right now.
Homebuyers Backed Out of Deals at a Record Rate in June |
More people are trying to buy in Florida than any other place as well. I read something different in this;
Buyers backing out of deals in record numbers as market shifts
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