Foreclosures and short sales and buyers....oh my!

I am still struggling to find clients that want to actually "buy" a home.

I get questions about interest rates, credit scores and loans; but the last time I checked, I was a real estate agent, not a mortgage broker....wait, let me change my hat. The only answers that I have for these folks is that they should call their bank, or a mortgage lender, see what they can pre-qualify for, then come talk to me. With the number of foreclosures and short sale properties on the market, it would be easier to "swing a deal" when you know how much the buyer can afford. But, alas....the cash flow of investors is hovering over us here in South Florida like a black cloud. They come in and scoop up these properties faster than we can say "sold".

I hope that in the next 6 to 12 months that the foreclosures will run out and that those fortunate enough to not have lost their home to the foreclosure monster will resurface, need an agent, and real estate will be "real" again!