Southwest Florida Home Buyers Regain Some Negotiating Power

Dated: October 20 2022

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There’s a reason it’s called a seller’s market. A home seller sets the terms when there are too few homes for sale and plenty of buyers. Take last year, for example. In last year’s housing market frenzy, many Southwest Florida home buyers were waiving inspections and even buying unseen homes. Home sellers didn’t have to negotiate to get a buyer to sign a contract; they could wait for a better offer.
This year, though, things may be changing. According to the National Association of Realtors’ consumer website, recent buyers have been having success negotiating terms with home sellers.
Survey results show the number of buyers asking for repairs based on the inspection has more than doubled over the past 12 months, while the number of sellers refusing to make repairs has dropped to zero. Additionally, the share of sellers who have sold below their asking price has risen from 18 percent in February to 31 percent in July. George Ratiu, manager of economic research for the NAR’s website, says things are getting back to normal. “Our survey shows that the overheated housing market of the past two years, which predominantly favored sellers, is beginning to regain a sense of normalcy, which is welcome news for home buyers,” Ratiu said.
The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether you are looking for the latest sales, trends, or homes for sale in Collier, Lee, Charlotte, or Broward Counties in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida at www.MikeDowner.com or call Mike at 239-722-6453. #homesforsale#homebuyers#realtors

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Michael Downer

Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....

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