We all know that foreclosures and shortsales are going to be with us in 2010 and beyond, but as professional Realtors with a committment to staying on the edge what do we think will make a difference in 2010. I have some ideas, comment back and let us know what you think:
1. Downsizing - In Florida I believe the balance will finally start to turn on some downsizing homes...Things like Reverse Purchases and cash out refinances will allow us to help seniors time the market and buy their downsized home while the pricing is low without having to make payments...They can then sell there previous home when the pricing improves... Will also have the option of improving cashflow... This could be a huge trend in 2010
2. WEB 2.0 - Zillow, Facebook, Web Sites with Mapping, Interactive Aites, myspace, blogging will continue a move in 2010... I'm getting a few showings from Social networking...Anyone else...
3. Dealing with Govenment - Government Stabilization Programs, Tax Credits, Down Payment assitance, and of course guaranteed loans... Learn about government or die i'm affraid...
4. First Time Home Buyers - They were the story in 2008-2009...They will still drive the bus in early 2010...But we better be ready for whats next...
5. Better List, List, List - We have been holding on with a larger percentage of buyers than usual...Our Listing percentages will go back to closer to boom levels...we must find a way to build inventory in 2010...Will FSBOs and expireds start working again???
What do you think ...Would love to have everyone's ideas...
I just closed a house with a buyer who contacted me because of my response to a post to Trulia. She was living in France and we kept in touch for almost 2 years before she bought.