With all of the short sales and foreclosures taking place borrowers are wondering how to rent with bad credit. Prospective Tenants have their credit pulled as part of the application process prior to the real estate anomaly, a low credit score would result in being declined. However, with the over whelming number of people losing their homes in distressed sales, owners and property managers find themselves making concessions.

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Many have the misconception that most of the properties selling in our county are in distress, but according to the Brevard County MLS, 60% of the sales in 2010 were not in distress. The total number of properties sold in 2010 was 6,681, just 266 less than what had sold in 2009.

Despite perception, the market has changed very little in a year’s time. In 2009, 41% of the properties sold were distressed, 2010 shows 40% with the majority of sales in foreclosures, same holds true for sales the previous year.

Although it may not be the best of real… Finish Reading

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Many have the misconception that most of the properties selling in our county are in distress, but according to the Brevard County MLS, 60% of the sales in 2010 were not in distress. The total number of properties sold in 2010 was 6,681, just 266 less than what had sold in 2009.

Despite perception, the market has changed very little in a year’s time. In 2009, 41% of the properties sold were distressed, 2010 shows 40% with the majority of sales in foreclosures, same holds true for sales the previous year.

Although it may not be the… Finish Reading

Filed under: Blog | 1 Comment »