I have been promising myself that I would start a blog this year. So here I am, starting. What to write about that hasn't already been done? So many posts I read are quite interesting, and worth taking the time to read. I especially like Ken Montville's posts and Katerina Gasset had one recently about working 24/7 or, NOT working 24/7, which I thought was a good reminder for us all.
Here in South Florida, more precisely, in Wellington, near West Palm Beach, aside from the fact that the weather is GORGEOUS (what more could you want?), business is comprised primarily of short sales and foreclosures. No surprise. I just closed a short sale in about 45 days, which is very good I think. Others are in the hopper, but are taking longer for various reasons. So often, the short sale bank is the holdup, so if there is a good reliable lender and a skilled listing agent on the other side, the sales can happen!
Sellers who purchased early on who need to sell are in good shape to do so if they are not greedy and stage the home and price it properly. That means, if there are a lot of foreclosures and short sales nearby, try to price it in the same vicinity even though that is a "regular transaction". Buyers would love to jump on a non-short sale property priced like one! Forget the hassle of waiting for unspecified lengths of time!
The buyers are beginning to get off the fence and there is lots of opportunity out there for those of us willing to put in the sweat equity. No one ever said it would be easy. But if practicing real estate (and finally getting it right!) is your passion, this is a great time to be in business.