This week I received an e-mail from a potential buyer who wanted to know if they could purchase a home they found online for $120,000. Before I even pulled up the listing I knew by the address that paying $120,000 was not a possibility since homes on this street are selling for $200K+.
While the property value on most Wellington Florida homes has declined roughly 50% since 2005 home buyers are not going to be able to negotiate another 50% off the asking price unless the home is drastically over priced.
The current median list to sales price ratio in Wellington this year is 96%, which means a home listed for $200,000 will sell for approximately $192,000. With that being said there are still a homes selling for full asking price or even more.
If you no longer want to sort through properties that don’t fit your needs fill out our Buyer Questionnaire below. By doing so we will be able to send you a list of homes that fit your needs and keep you up to date on all new listings as they come onto the market.
