Cancellations: Some Contracted Buyers Losing New Homes
Some Fla. buyers signing a contract for a newly constructed home are being forced to pay a higher amount later or, in some cases, seeing their contracts cancelled.
Some Fla. buyers signing a contract for a newly constructed home are being forced to pay a higher amount later or, in some cases, seeing their contracts cancelled.
Love and marriage once drove home sales, especially for first-time buyers, but a survey finds 1 in 3 buyers today (31%) is single – 41% for adults age 18 to 34.
While 67% of metro areas in NAR’s 4Q report saw double-digit price growth, it’s down a bit from 78% in 3Q; two Fla. metros rank at the top for rising prices.
The pandemic continues to influence demand for outdoor amenities, bigger homes and the suburbs. But all ages still like laundry rooms and walk-in pantries.
Help is here for Realtors working with a great charity that can benefit from expert advice and seed money. Volunteering Works supports members dedicated to public service.
Pressured by high repair costs, more owners of older condos may welcome developer buy-out offers if the land’s value outweighs that of all the individual properties.