Home : Blogs : Bryant Tutas Broker/REALTOR(R) Tutas Towne Realty, Inc : Broker Bryant's Real Estate Ramblings

Selling Kissimmee Real Estate is like going to the Dentist. Only more painful!!!

It seems like all Buyers want the same thing. Four bedrooms, 2 baths, at least 1700 sq ft living area, no more than 5 years old and less than $100,000. The problem is there are only 22 of them on the market today. 17 of those are Short sales!!! The other 5 are REOs (foreclsoures).

So here's the deal. If I tell you you will not get the property for less than asking price....I'm NOT lying. Properties that are priced right are selling for an average 105% of the asking price. That's just an average. Some are selling for way more than that. In fact, the highest sold for 158% of asking price.

I'm a Real Estate Broker. I make my living by selling property. I WANT to sell you a house. I also WANT you to be able to get a good property at a fair price. If I tell you houses are selling for $42 a sq ft and your accepted deal at $38 a sq ft is a good deal then you need to believe me. I'm not just blowing smoke up your arse.

If you are not comfortable paying more than the asking price then don't. That is certainly an option for you. BUT....you won't be buying a 4 bedroom, 2 bath home, with at least 1700 sq ft, no more than 5 years old in Kissimmee for less than $100,000.

Is that really that difficult to understand? If you don't want to understand it then please just move on. I truly don't need that $1,500 commission.

If you REALLY want to buy a house and want someone that will give it to you straight then give me a call. I can help.

OK....that was fun. Now who can I send this to? www.CentralFloridaShortSales.com

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com

http://ShortSaleSuperStars.com

Are you a Florida REALTOR(R) looking for a change? Check it out.

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

Posted by Bryant Tutas Broker/REALTOR(R) Tutas Towne Realty, Inc on 10/29/2009 03:58 PM

Comments (21)

Foreclosures and Short Sales in the Home Selling Channel

poinciana florida, kissimmee short sales

Originally posted at: Selling Poinciana One Property at a Time.: Selling Kissimmee Real Estate is like going to the Dentist. Only more painful!!!

This post has been included in Florida Information Osceola County, FL Information Kissimmee, FL Information

21 Comments on Selling Kissimmee Real Estate is like going to the Dentist. Only more painful!!!

OCT

Reserved Parking For "The Lovely Wife"...TLW...ROAR!

Hun...

Should I be concerned who's bum your blowing smoke up? :)

Did I really just say that out loud on a public post? :)

TLW...ROAR!

An agent in my office is working with one of these "wishful dreamers" too, the other day he did not put in an offer on a really Good deal when the listing agent said they were expecting another offer. So when he called a couple days later... she had to tell him.... "He who hesitates has no lake house".

Hi BB - I know what you mean about buyers who want to pay hot dog prices for filet mignon. But I'm stunned that anyone could think that $42 a square foot is high. They should do a little househunting in California, then go back there and grab whatever they can at that price. We are seeing decent short sales in that size for $130-$180 square foot.

I like the analogy of paying hot dog prices for Filet Mignon. It helps if the buyer's agent educates the buyer. It also helps when the buyer wants to be educated. But, that's a story for another day.

You two make me laugh..I love how straightforward you are.

They call us for our expertise and then don't believe us or take our advice when we tell them things! Amazing! I'm with you...serious people only!!!

BB - We are doing our clients, and prospects, a disservice by not being honest with them about the realities of the short sale and foreclosure markets. What folks read adn hear about on TV and the realities are vastly different I wish it were different, but it's not.

They will learn once they try a few times to get that great deal amidst 20 other offers at asking or better. Not! Problem is, even those who ARE bidding at asking and above often do not win either.

Jeff

I'll bet you have a long list of wanna be buyers you can send this to. I have a few here I may sendit to. Thanks for letting loose.

LOL. Let me guess. The customer once again thought they knew more than the professional? It really doesn't pay to price our listings right sometimes. No matter how they're priced, tthe buyers want to buy it for less. I feel like beating my head against a wall!

OCT

And I bet they are related to the guy I just talked to yesterday that is wanting 102% financing, over 3000 sq. ft in a gated subdivision all under $100k- No this is not made up! I swear!

Wow 38$ per square is a great deal anywhere in the US. Even in the hillbilly mountains. You cant build a Igloo for that kind of m0oney.

Bryant, then how about the customer that insists on asking about lease options on foreclosure and short sales. I've been getting a bunch of these. When I tell them it's not possible, they still don't get it.

OK so I had a BAD day yesterday!! It's very frustrating dealing with $70k properties all day when folks won't listen. Between unrealistic buyers and short sales my days are getting more and more difficult.

BUT......it's Friday :) And I ain't working this weekend.

It seems like everyone is behind the times. In 2006 and 2007, it was sellers who wanted to sell their 3/2/2 house for $200K when the market for the house was $150K. Now that sellers have gotten realistic and inventory has sold off a bunch, we have buyers wanting a $100K house for $50K and losing out to multiple offers every time.

Hi BB: You make me laugh as well. Because you speak the truth. Buyers need to be educated and understand that list price does not equate to value. List price is a starting place in negotiations -- it's an arbitrary figure tossed out there and doesn't represent the true value of the home. The true value of the home may be much, much higher.

P.S. I am sending positive vibes your way and hoping you snag that cherry Wachovia short sale soon.

AMEN!!!! What part of, we do this for a living, do some people not get??

On Broker Bryant's behalf...

You're fired. Next :)

On Petra's behalf...

You're fired. Next :)

Yes Folks...

A very unrealistic Buyer has been fired. If you've never fired a Buyer you should try it. It's liberating to say the least :)

TLW...ROAR!

Lisa...

Just a heads up. Beating ones head against a wall burns 200 calories per hour. Not a bad work there. Although keeping a box of band aids close by wouldn't be a bad idea :)

TLW...ROAR!

OCT

My kind of Broker! Like I keep saying, I'd love to work with someone like you.

NOV

From the desk of David Dee,

BB, right on target with this post! Some are wannabe and some are want to be homeowners. Just got to weed out the right ones to work with.

By the way, like the way you create those links directing to the mls.

NOV

BB & TLW - I completely missed this blog and I don't know why - maybe because I'm over it. Next in line please, who really wants to buy and beliefs what is being said by a professional who does this all day long.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?