Wow! Things have gone crazy in this market! The investors are fighting with the "normal buyers" and the "normal buyers" are coming out of the wood work! I guess it's the $8000 carrot that the Feds are dangling in front of the buyers noses! I am working with 4 different buyers. Let me say that again...I am working with FOUR buyers! These are preapproved, bonafide, ready to buy buyers! And just to add a little icing on the cake, they are the sweetest, nicest, funnest buyers I've ever worked with! Dare I say it? Oh what the heck: we are having fun! There are so many "bargains" out there right now it's amazing. The prices are HOT HOT HOT!
Someone call the fire department! The Jacksonville real estate market is on fi-ya!
Call me today and I'll find you a sweet deal too!
Wednesday, May 27, 2009
Saturday, May 16, 2009
Wednesday, May 13, 2009
Short Sales Are Selling Like Hot Cakes!
Hurry! If you've been watching the market, waiting for just the right time to jump in---now is the time!! Short sales are the name of the game. There are a bazillion of them on the market right now and lenders seem to be getting their act together. I have partnered with one of Jacksonville's finest real estate attorneys, David Heekin, to ensure that my buyers AND my sellers are protected and under the watchful eye of an attorney. There are so many legal ramifications of a short sale that I just felt like it would be a good investment for my clients to have peace of mind throughout the entire process. David is involved from day one. Put us to work for you today before all of the bargains are snatched up.
Friday, May 1, 2009
Jacksonville Short Sale Market Going Crazy!
The number of houses that are now pending in MLS is AMAZING! I am blown away by the increase in business in our market. The number of REO's (bank owned--foreclosed homes) on the market is increasing too. I was shocked to revisit a search I did the first week in April on the Westside of town. Out of 11 homes that had been "active" at the time, 9 are now "pending". Wow! Now keep in mind, these are low priced homes ($100,000 or less) but they are an indication of the increase in sales. A lot of these homes are being purchased by investors. That's okay! We HAVE to get these homes off the market so the rebuilding process can begin. As long as these properties continue to bring the entire market value down, we're destined to stay in this declining market.
I celebrate every single sell of a short sale or REO property in the Jacksonville market! That's one less low priced home that's keeping the price of every home nearby low.
I celebrate every single sell of a short sale or REO property in the Jacksonville market! That's one less low priced home that's keeping the price of every home nearby low.
Monday, April 13, 2009
Thursday, March 26, 2009
Thursday, March 19, 2009
Some REO's are GROSS!
Be Prepared if You're Considering Buying a REO.
I am just outraged at the condition of some of the REO homes I've seen lately! I looked at a house with a client on Monday that literally made me sick. This house had trash and personal belongings covering every single inch of the 1700+ sq ft of space! There were maggots because the previous residents had dumped the entire contents of the (missing) refrigerator onto the floor. They left dog feces and probably human feces in several locations in the house. There were maggots and LOTS of flies in the house. There were boxes and boxes and boxes of "stuff" everywhere. There were shoes, clothes, food, trash EVERYWHERE. The entire house was covered! I couldn't tell you what the flooring was if my life depended on it. I held my breath and literally RAN through the house and out the back door! I caught a whif of the stench in the house and immediately got sick! My client has a stronger stomach than I do and managed to get through part of the house. Of course we had to use flashlights which just added to the nightmare feel of the place. I think you get the picture.
Now. My question is this. CAN'T WE DO SOMETHING ABOUT THIS? Either the listing agent OR the lender is going to HAVE to clean these REO homes (and some short sales)up. This is rediculous. I understand that they are losing a lot of money and I know that the listing agents aren't making a large commission, but puh-leeeze. This is just unacceptable. I'm not sure who I should complain to? I guess I'll start with the Listing Broker and see if I can get the name of the lender.
I know that some investors just look beyond the filth, but some of the people looking at these homes are NOT investors! They are first time buyers and "normal" buyers looking for a bargain. They absolutely will NOT consider making an offer on these homes!
These are toxic messes and quite frankly pose a health hazzard. It's only going to get worse as our days get warm and then hot! Gross!
What are your thoughts??
I am just outraged at the condition of some of the REO homes I've seen lately! I looked at a house with a client on Monday that literally made me sick. This house had trash and personal belongings covering every single inch of the 1700+ sq ft of space! There were maggots because the previous residents had dumped the entire contents of the (missing) refrigerator onto the floor. They left dog feces and probably human feces in several locations in the house. There were maggots and LOTS of flies in the house. There were boxes and boxes and boxes of "stuff" everywhere. There were shoes, clothes, food, trash EVERYWHERE. The entire house was covered! I couldn't tell you what the flooring was if my life depended on it. I held my breath and literally RAN through the house and out the back door! I caught a whif of the stench in the house and immediately got sick! My client has a stronger stomach than I do and managed to get through part of the house. Of course we had to use flashlights which just added to the nightmare feel of the place. I think you get the picture.
Now. My question is this. CAN'T WE DO SOMETHING ABOUT THIS? Either the listing agent OR the lender is going to HAVE to clean these REO homes (and some short sales)up. This is rediculous. I understand that they are losing a lot of money and I know that the listing agents aren't making a large commission, but puh-leeeze. This is just unacceptable. I'm not sure who I should complain to? I guess I'll start with the Listing Broker and see if I can get the name of the lender.
I know that some investors just look beyond the filth, but some of the people looking at these homes are NOT investors! They are first time buyers and "normal" buyers looking for a bargain. They absolutely will NOT consider making an offer on these homes!
These are toxic messes and quite frankly pose a health hazzard. It's only going to get worse as our days get warm and then hot! Gross!
What are your thoughts??
Subscribe to:
Posts (Atom)