The real estate market in Panama City Florida is truly a market that is hot for buyers.  Prices rose very quickly in 2004 and 2005 making buying a home very difficult.  If you did find a home that did not sell before the ink was dry on the listing contract,  the homes that were available sold for more than asking price with multiple offers.  This was a time that many Realtors thought were prosperous times and they would NEVER END!!!   What actually was happening was the market was tough on buyers and was headed for a cooldown.   

Since May of 2006, our market shifted to a "Buyers Market".  What is a buyers market?   That is the question that many ask but don't always get a straight answer.  A buyers market simply means that there are more sellers than buyers and supply is greater than demand.  When supply exceeds demand, prices fall.   Many hear "buyers market" and automatically think that they can lowball and get sellers to sell for far less than market value.  What acutally happens is that ALL GOOD REAL ESTATE will sell for market value.  Even in a buyers market, real estate still sells for "market value"  To find out more about homes for sale go to www.knowpayneknowgain.com .

Todays market has many great buys, so what are you waiting for?????????????

Call me today at 850-890-0132 for a personal buyer consultation with The Payne Group.