Recently, I was calling agents to set up showings on homes available for sale. We were going to be looking at a number of properties that day. The buyer had picked out one property that he absolutely HAD TO SEE! He was excited about!
I noticed that the property was listed for $100,00 less than it was listed last year. (Okay, I know some of you are saying, that doesn't mean that it was worth that extra $100,000 it was listed for. If it had been, it would have sold. Right? I know.) And, I also noticed that the home had been listed for sale for over 278 days.
I always ask the availability of the property before I ask anything else, because real estate is selling here in Brevard County Florida. The agent said, "No I'm sorry, we got an offer on that property last week, and the bank that owns it, has accepted the offer. The property is no longer available." Hmmm, I thought.
Then, I called on another property. "No, that's a bank owned property, and we currently have 5 offers on it. We are waiting for the bank to sign off on one of them. One is a full price cash offer with no contingencies." That house had been on the market for 132 days. 5 offers, I thought, you've got to be kidding!
I called on yet another property, "No, that one just went under contract 2 days ago." It had been on the market for 79 days.
Now come on, all of these houses have been on the market from 3 to over 9 months.
Why are they all of a sudden under contract?
Well, heck, everyone that I've talked to (that's not a realtor) thinks the real estate market is in the tank, and no one is buying. Well, I can thankfully say, they're wrong!
This is Brevard County Florida Real Estate and smart people are out buying today!
This article is authored by
Brevard County Real Estate Investing