Thursday, December 04, 2008

Faster then a speeding contract

Heck did you see that great foreclosure in Palmetto going for....

Gone.

Yep, that is how fast the foreclosures are moving.

Anecdotally it is becoming the norm not the exception to have multiple offers on the good foreclosures within hours at the most days after they come on the market.

By good I mean good condition, great price, desirable location.

The lenders have finally got it. They are pricing foreclosures so low that they know they will most likely get multiple offers on them.

For professional buyer's agents such as myself we are having to move extremely fast with our clients to get them the best deals.

Houses that even in this market appraised at more then 200k selling for 118k, well they don't last long.

In the 100k to 200k market, which is the primary first time home buyer market, they need a competent real estate agent more than ever.

If we see exceptional deals for instance we share it within minutes to other teams members and then get on the phone to our clients.

Yea, it may sound like I'm blowing our own horn. Maybe. But the reality is that there is a "hot" real estate market in the ranges I'm talking about and if you snooze you loose.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343

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