Should you “Work The System” or try to “Beat The System”? Great advice from marketing guru Seth Godin, in one of his latest articles can be applied to the Tampa Real Estate market. Prices are the lowest they have been in years…far below the “boom years” of 2005–2006. At the same time, interest rates are also very low. That combination: low prices and cheap money haven’t occurred at the same time in decades! Some analysts say it has been 40 years! I certainly haven’t seen it, in my 14 years in Real Estate, or my 25 years as a homebuyer. Buyers have learned to “Work The System”…make low offers on several properties and ultimately get the “deal” of the decade.
And, not surprisingly, sales are up! Prices are down 10–20% over the same period last year in the Tampa Real Estate Market and Inventory is down 2% since January. When will we “bottom out”? Looks like we’re about there.
Sellers who think they can “Beat The System” are ignoring the simple law of “supply and demand”. Unless they want to “get in the game” and price their homes according to current market value, they might as well take their homes off the market and wait until 2013, when they can expect the prices of yesteryear.
Personally, I am “Working the System”…helping Tampa buyers and European Investors find the “bargains” in this market of “opportunity”. A recent buyer picked up a 3–year old property for $224,000 less than the last sale price! That was 35% below the price in 2006!
I have two words for buyers in the Tampa Real Estate Market:
BUY NOW
I have just one word for the Sellers who don’t want to “Work The System”:
ADIEU
If you want help “Working The System” in the Tampa Real Estate Market, contact me today…813.629.5757…or via email.
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