Affordable beauty

There is a silver lining in the drop in condominium prices in Florida.

You can now get a gorgeous view for an affordable price.

How about more than 2,100 sq. ft under air three bedrooms with a den, never lived in, in the 300k range.

Two years ago buyers were paying double that.

With that you can also get a west facing sunset view over Terra Ceia Bay, possibly the Gulf of Mexico and a glimpse of the Sunshine Skyway Bridge.

An additional bonus the buildings are not in receivership or bankruptcy.

All the best
Greg Owens PA
Keller Williams of On The Water
941.932.6343
greg@teamworksfla.com

Market mayhem

Here is a link to the latest market statistics for single family home sales in Manatee County.

It shows you graphically that inventory is down sales are up.

http://tinyurl.com/o2drsh

All the best
Greg Owens PA
Keller Williams On The Water
941.932.6343
greg@teamworksfla.com

Sell today, sell now

If you are considering selling your home or have to sell your home this is your window of opportunity.

Here’s why.

On average a home that is in foreclosure can take anywhere from 12 months plus to return to the market as a foreclosure sale. That time line begins when the foreclosure complaint is filed at the clerk of court.

Between Mar. 1 and Sept. 1, 2009 we have seen between 999 and 1124 short sales or foreclosures sold.

Over 40 percent of homes sold in Manatee County between those dates were short sales or foreclosure sales.

In 2009 the increase of foreclosure complaints filed averaged a 13 percent monthly increase from last year. Based on recent history we can expect to see a 13 percent monthly increase next year in short and foreclosure sales on the market.

What does this mean for us sellers today?

With the $8,000 tax credit set to expire Dec. 1, the all time historic interest lows, and the lack of inventory to choose from on the market, buyers are desperate to scoop up a home and take advantage of the benefits while they last.

Here is your opportunity to give them the benefits and sell your home.

We can’t predict a tax credit this large, and low, low interest rates, or a lack of inventory next year.

In retrospect, the one thing that can be predict- foreclosure defaults are up this year and so will the short sales and foreclosure sales next year.

Britt Truluck
Keller Williams On The Water
941.526.9341
britt@teamworksfla.com

What do you want, what do you need

One of the most basic things a real estate agent can do when you start the home buying process is sit you down and go through your wants and needs.

You would think couples who have been together for a long time would be on the same page. That is often not so.

The reason we do this is to find a common ground and to narrow the search down. You don't want to be looking at a bunch of homes you would never want to purchase.

By sitting down for 20 minutes or so discussing what the wants and needs are the search can more often or not be narrowed down to a top five or six home list.

From that after seeing the homes you should easily be able to come up with a top three.

A couple of minutes in discussion can spare you hours on the road.

Greg Owens PA
Keller Williams On The Water
greg@teamworksfla.com
941.932.6343

Let's make a condo deal

The condo market in Florida has been a quagmire to say the least. Ditto for Manatee and Sarasota counties.

Prices have fallen like a rock.

Recovery looks fuzzy for the future.

Now for the good news. Prices have fallen like a rock.

I recently went back to some new build complexes that were so overpriced in my opinion I wouldn't have recommended them to my clients.

Now you can get full area bay, harbor, gulf views, more than 1,500 sq. ft. under $300k.

We're talking house size condos with million dollar views move in ready.

Enough said.

All the best
Greg Owens PA
Keller Williams On The Water
greg@teamworksfla.com
941.932.6343