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How Is The Market, Baby? (Real Estate Lullaby)

By Jon Zolsky, Daytona Beach, FL

Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

May 30, 2012 02:39 PM

How Is The Market, Baby? A real estate lullaby

- How is the market?

- I do not know

- What do you mean you do not know the market? You are a broker….

- I am not selling the market. Are you buying the market?

- No, I want to buy a condo…

- Cool, I can offer you a super deal on this condo. It is a $630,000 condo, and I can make it a $250,000 deal….

- Yes, but how is the market?

- I do not know. I am not selling the market. I am selling condos…

- Do you want a good deal on the condo?

- I do, but I am afraid of the market

- Don’t buy the market then. Just buy a condo…

(Sound of snoring)

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Winston Heverly

Coldwell Banker Access Realty - South Macon, GA

GRI, ABR, SFR, CDPE, CIAS, PA

That's what buyers were doing in the 2000-2007 era buying condos.......ouch is it possible to rewind?

May 30, 2012 02:43 PM

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Winston - they are doing it right now. Looks like the time is back, and it is a good time to take advantage...

May 30, 2012 04:14 PM

Bob Jakowinicz

National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI

Michigan Real Estate Agent-- MI Real Adventures

Our housing market here is in such short supply we are experiencing a spike in pricing. This is really something we have not seen in at least 6-7 years (remember we started downward much sooner than the rest of the nation). Now we are experiencing some of the same issues we had back before this downturn. Many say this is only temporary and emotions are running high but over the past 8-10 months inventory is way down and say what they will things are selling very quickly. I had one client say to me "this house has been on the market 2 weeks whats wrong with it"?

May 30, 2012 09:10 PM

Larry Brewer - Benchmark Realty llc

Benchmark Realty LLc - Nashville, TN

I like this, and I get it all the time. My answer now is that we are back to the sellers market we had in 2006, and buyers hate the answer.

May 30, 2012 11:26 PM

Bob - there is always the inertia when the market changes. It is already not the market it was 2-3 years ago, but the Buyers expect it to be even worse than it was then, because the only direction they understand is down. And they resist the reality, thinking that this is a stupid Seller, or stupid agent, and it takes a long time to get it that the train is gone.

May 31, 2012 02:39 AM

Larry - they sure woldn't like to hear that. Why I am ot surprised. We only hear what we want to hear

May 31, 2012 02:43 AM

Ellen Caruso

Daniel Gale Sotheby's International Realty - Glen Head, NY

Jon, i was singing along.......then I just woke up! Everyone's tune is a bit different....buy what you want when you are ready and stop falling asleep, things wont wait!

May 31, 2012 11:08 AM

Ellen - true. Nobody is waiting for anyone. Thank you for stopping by

May 31, 2012 12:53 PM