I look at the freshly expired listings every day as a potential source for picking up new business. Lately, I have been choosing not to call the owners of homes purchased in 2005 or later in our Bradenton, FL real estate market. Why? Because in order to sell today they must be willing, or able, to take a loss on the home.
We have seen about a 30% depreciation in our Bradenton Florida housing market since the high of 2005. This means, more than likely, that the home is worth a lot less then it was purchased for.
Most of my listing clients are in this difficult position and are in pre-foreclosure status. I am working more short sales than normal sales at this time. (My specialty web site it The-Short-Sale-Expert.com )
So, if you bought your Bradenton, Florida home in 2005 or later and need to sell it, I probably can't help you unless you are in the position of seeking a short sale on the property.
Need to talk about it? Please give me a call at the number below.
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If you are buying or selling Bradenton/Sarasota Florida real estate please give me a call.
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Dan Forbes, PL is a licensed Broker-Associate and Certified Residential Specialist. He leads the Forbes Advantage Teamat RE/MAX Gulfstream Realty's Lakewood Ranch Office in Bradenton, Florida. 
Dan - we are in the same position in Calif.
I'm wondering why folks are considering selling now. If they purchased 2005 or later, did they intend to sell so quickly??
Dorene - I feel sad for many of these people.
Lenn -Many were speculators, of course, and they are in a jam. Others are moving for job relo, divorce, financial reasons.....all the usual.
We are seeing the same here as well and I think most of the nation is as well. There are few spots where the opposite is true.
Same here in the Detroit metro area for going on 3 years now. I don't want to say we can't help people move who bought in "05" or later, but it can be a very tough position. In those cases honesty of their situation and realistic expectations seem to work best for me.
Dan - This seems to be the case in many markets across the country. Kudos to you for being honest about things.
I am in New York but own a home I bought in 2006 for my daughter in Valrico, Fl. She was supposed to be getting married but decided against it and left Florida. I have it on the market for $11,000 less than I paid for it and have had only 4 showings in seven months. Four of which have been in the last week. I hope that is a sign of a little better times.
Dan - I like that you are up front about it. It helps you and the prospects.
Lynn - I guess it is nationwide.
Bob - It does make it tough, doesn't it?
Jason - I am glad your Austin market is better than ours.
Thomas - Wow only 4 showings in 7 months. We need 2-3 showings a week to be at the excitement level
Marzena - Truth is indeed the best medicine.
Dan - It is indeed difficult to tell these people that they will take a loss, but some have to sell because they are moving away from the area - I personally dislike dealing with short sales and foreclosures, but many people are simply moving on with life -
Dan - You guys have taken a pretty big hit with respect to values. 30% is not an insignificant decline. Our top end market has shown a roughly 20% drop in values. What percentage of listings in Bradenton are short sales vs. non?
Barbara - Short sales are a neccessary part of our business in Bradenton, Fl
Jesse - I don't know the percentage....I need to look into that.