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Pensacola Florida Real Estate Report and Information
October 10, 2020 at 4:04pm | Jack Lara
Pensacola Florida 32504 Zip Code Real Estate Report
A look at home sales from April 1, 2020 to September 30, 2020. And also a look at how many homes are under contract and how many are currently. The Pensacola housing inventory is extremely low and along with record low interest rates prices continue upward. With pricing going up the question of affordability for ownership opportunities is a concern. According to a Wall Street Journal article, "A Million Mortgage Borrowers Fall Through Virus Safety Net", a little more than a million owners nationwide are at least 30 days past due on their monthly payments and have not entered a forbearance program or engaged their lender about some other financial solution. Borrowers must initiate the conversation with their lender.
If you do not qualify for forbearance then perhaps selling in this low inventory environment is the way to go. If you do not have enough equity to payoff your loan(s) and other debt associated with your house then a "short sale" could be a solution. I listed a home in a "short sale" scenario and just closed on the sale (Pensacola Short Sale). In a short sale the seller does not pay closing costs or the commission because the lender picks up these costs. And if you are not going to do a "short sale" but want to sell quickly and "as is" then go to myCash Offer Service page.
Thank you so much for your time! If there is anything I can do for you please reach out to me, click here.