Real Estate in Florida, tired of foreclosures.

Yesterday I showed my new listing,"a good sale", to several buyers and "what a pleasant day it was"! After running around for months placing offers on foreclosures this was a welcomed change of pace. Don't get me wrong, foreclosures are great if your offer is the lucky one to get accepted.

In my area, Miami, a foreclosed home comes on the market, you rush to show it, place the offer and then you hear that you are competing with 20 other offers. Your buyer feels fustrated because his offers are no longer below asking price, he has bumped up his strategy by offering $10k above asking price with a hefty 20% down payment and it's still not enough! What else can you do? As I thought about this market this morning, I realized that the buyers that were left out when the boom because they were not able to afford a property are still in the same predicament. Everyone is rushing to purchase a deal, yes they are out there but if you are looking to purchase a property in good condition, so is everyone else.

I don't mean to discourage those out there looking for such deals, but the reality is that it's not as easy as it sounds. If you are in the market to purchase and are fully qualified your best bet is to look for good sales, unfortunately, there are not many out there but if you come across one in your price range grab it! I feel confident that my "good listing" will sell soon as buyers are tired of running around. I am anxiously waiting for the day the market turns around and business will be conducted in a normal manner. Hooray for Good Sales, bring them on!!!!

http://www.zmiamirealestate.com