Pensacola Real Estate Blog February 14, 2023

Spring is Coming

Spring comes a little earlier on the Gulf Coast than other areas of the country.

As the sun shines on the Gulf of Mexico the water warms up and then the air warms too! That warm air brings out the real estate buyers as surely as grandma does her spring cleaning.

What all that means for the real estate market is that new listings come to market and buyers should be ready.

In a recent presentation by a local lender, they discussed the importance of a good pre-approval letter for all buyers. Buyers should be aware that some pre-approval letters aren’t worth the paper they are written on and will only end with the buyer being disappointed and potentially out hundreds of dollars for inspections and appraisals!

Those cloud based lenders should be avoided when possible and a local lender engaged for the loan. This will almost always provides a smoother transaction and a face at the closing table.

Contact  me for a list of trusted lenders!

Till next time…..

Dan

Pensacola Real Estate Blog January 6, 2023

Welcome to 2023!

Happy New Year! 

It seems that everyone that I meet is wondering what the real estate market holds for 2023.

Since real estate is hyper-local, I always begin by saying: It depends on where you are!

For the local real estate market, I see 2023 as a potentially less volatile year that the last several. I believe this because our highs tend to be less high than average and our lows less low.

People continue to move to Florida and our workforce housing situation has not improved. There is a real shortage of entry level homes and this isn’t going to end anytime soon. The reason is simple…. nobody is building entry level homes in this market.

This will change and the supply and demand issues get sorted out in the market place. But until that time…. there will still be a robust market for homes under the median price in the Pensacola MSA.

If you have question or concerns about selling or buying, just let me know. I would be happy to provide the most up to date analysis possible to help you.

Have a great year everyone!

 

Dan