Jacksonville market overpriced
Is the Jacksonville market starting to become overpriced. I been trying to get into the real estate game but I keep running the numbers and looking at the statistical trends and to me everything seems overvalued. Is their a possible correction coming and should I wait for it? I am in no rush. Just looking for the right deal. Thanks for all of the help.
Most Popular Reply
@Dimitri Paspalaris - Something I learned a long time ago was to LOOK at the expireds. If you find a neighborhood you like, ask a Realtor to build a list of expireds for that zip code or area. Then make offers on expired listings. People still have a need to sell, you might get a deal of 10-15% off the asking. Maybe more. And even MLS properties are usually Realtors PUSHING the Market. So no issue with offering 10-20% off on a first draft, but be mindful of the time it takes a Realtor to keep making these offers. It can be stressful to keep making offers to get turned down, you may burn out your Realtor and need a few new ones. I wish you the best of luck with your search! - Jack