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What's selling or, who's buying, or trying to???

By Karen Monsour

Real Estate Agent with Coldwell Banker Fort Lauderdale Beach

January 27, 2008 12:06 PM

I don't know about the rest of you Realtor's but the people that are calling me are the ones who currently rent and see this as an opportune time to buy...

They have a little money in the bank and can afford around a payment of $2000.00 a month...that means..they're looking for something that looks OK at a bottom dollar price...I'm talking $180,000- $250,000...tough to find...

They are worried about the school district, the neighbors, the amenities...you all know! (I hope).

So,,,that being said, there are a few good deals out there, not a lot, but they buyers are now, starting to "come out of the closet", so to speak...they're still scared but they are trusting us to help them make informed decisions...

Are any of you out there experiencing the same??? Just curious...

http://www.KarenMonsour.com, 954-464-4194 cell

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Matthew Zgonc

Aksland Real Estate - Modesto, CA

Realtor, CFS, CVS

very much so. Almost identical.

Jan 27, 2008 12:11 PM

Ryan Hukill - Edmond

405home @ ERA Courtyard - Edmond, OK

Realtor, Team Lead

I'm seeing the same thing here in OK. Only real difference is that amount will probably buy more here, but the smart buyers have figured out that now's the time.

Jan 27, 2008 12:17 PM

Cary & Kim Johnson

Coral Shores Realty - Margate, FL

The phone's been ringing again Karen (wonder why?). We've seen a big pickup in our call volume!

Check out our listing on 21st Court in Coral Springs. It may be just right for one of your callers.

8793nw21ct.buysellcoralsprings.com

Cary in Margate

Jan 27, 2008 12:21 PM

LaNita Cates

REMAX of Joliet - Joliet, IL

I'm working with probably 10 buyers right now that are renters. The renters have figured out NOW is the perfect time to buy with rates low and sellers a little eager!

Jan 27, 2008 12:30 PM

Missy Caulk

Missy Caulk TEAM - Ann Arbor, MI

Savvy Realtor - Ann Arbor Real Estate

Been busy all weekend, 2 listings, finished negotiating a offer, showed condo's last night. I'm exhausted.

Jan 27, 2008 01:27 PM

Ken Cook

Content, coding, marketing, host. - Marietta, GA

Content Marketer/Creator

Fantastic topic starter Karen. I am getting a lot of calls from Florida shoppers who didn't realize they could get 100 percent financing. I guess there must be a lot of lenders out there not offering 100% in all of Florida or who don't know what we know. Most of these people say they have money in the bank they just don't want to spend their reserves just to get into a new home. What WE must ALL be careful of is listening to the clients when they say they only want a 200,000 property to not stuff them into a 300,000 property. I know it's tough but it's the old and proven way.

Jan 27, 2008 01:55 PM

Mary Warren

Las Vegas, NV

I have a few buyers coming out of the closet! Enough that it makes me thing this market really will pick up! There's some awesome buys out there for buyers...as long as the media doesn't convinence them their best deal is a short sale or bank owned property!

Jan 27, 2008 04:24 PM

Matthew J Blum - (retired from the business)

Palm Beach Gardens, FL

Karen, I see this on the mortgage side. People wanting to buy but they have no money and want the 100% programs.

Jan 27, 2008 10:11 PM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Matthew Z and Ryan...Glad to see other's feeling the change. It's a good thing...

Jan 28, 2008 01:48 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Cary,

Thanks for the info. My buyer's are looking on the Intracoastal area of Deerfield/Boca...all of them!!! and all but two have cash! It's a good thing!

10 listings right now...how are you doing anyway???Miss you in the office...that spunk! :-)

Jan 28, 2008 01:50 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

LaNita,

That's great, good to hear it!!! Seem's like the market just isn't quite as bad as our uneducated media report that it is! :-)

Jan 28, 2008 01:51 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Missy,

Sounds like mine! Busy, busy, busy...all weekend and this afternoon as well.,..,

Jan 28, 2008 02:07 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Thanks Ken!

As always, good to hear from you! Happy Selling!!! Karen

Jan 28, 2008 02:23 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Mary, Good to hear that and good for you!

Matt, Glad to hear you are seeing the situation as well, that's another plus for us all!

Off to work now, check back later!

Jan 28, 2008 02:25 AM

Cary & Kim Johnson

Coral Shores Realty - Margate, FL

Karen,

Tough to find $180-$250K around the intracoastal. I do have a very nice 1 bedroom right on the water for $270.

Cary

Jan 28, 2008 04:55 AM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Cary,

I found 8 in Deerfield on the Intracoastal for between $250 and $300 2 very nice with spectacular views!

Jan 28, 2008 09:57 AM

Jamie Parker Gwinnett

Exp Realty - Snellville, GA

Realtor, Snellville Homes

I am experiencing the same thing. Good to know it is contagious.

Jan 30, 2008 01:44 PM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Jamie,

So happy to hear that! Good luck, good selling, and good luck in 2008!

Thanks for reading and posting! Karen

Jan 30, 2008 03:16 PM

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