I have set a goal for 2009, and that is to hit the $10 Million mark in sales. I have been mentally out of the market for the last year and a half. I went through a personal short sale on a couple of our properties and believed what I was hearing in the news about the bad market. All this lead to almost nothing, as far as sales are concerned.
In 2003 I hit about $13 million, so doing $10 Million should be a piece of cake right? Not really, since I feel like I am starting from scratch. However, the market that I previously saw as dead, now I see as vibrant and providing a great opportunity.
How will I do this? I have done two things to get ready to make things happen. I have moved over to Coldwell Banker, previously I was with RoseBay Real Estate. Rosebay is a great company and even better people, but it does not have the name recognition of a national company. I have mostly worked with buyers in the past, but to move ahead I have to create a listing inventory, and that was the reason for my move.
The second thing that I have done is to re-create my website, and this is the most important. Back in 2001 my website was on the first page of every major search engine. We had so many leads coming in that I could not respond back to people. But I got lazy and let it sit, without any upgrades or changes, and it became a dinosaur. I would like to get back to the top and my new website will help me to get there.
The website focuses on Sarasota Foreclosures and also provides access to all MFR MLS listings. It provides direct access to over 8,000 distress and best buy properties in the Sarasota and Bradenton areas. Please pay us a visit at www.sellsarasota.com
May everyone have a great 2009.
Jose Lopez
Sarasota Foreclosures have gotten a lot of press lately. It has been reported that one out of 10 homeowners right now are upside down on their mortgages and Florida is leading the way. The questions that everyone wants an answer to is when is it going to stop. Here are my two cents on this subject:
1. For the Sarasota Real Estate Market to start turning around, Sarasota Foreclosures have to come to a stop, or at least, have a significant drop. Why? Because right now foreclosures are setting the bottom of the market. And every month we find a new bottom with new foreclosures and short sales that come on the market.
2. Inventory has to drop to reasonable levels. The last figures that I saw had condos at 30 months and homes at about 18 months. This is way too much inventory, and it can only lead to a further erosion of pricing.
A significant slow down in foreclosures would be the quickest way to a healthier market. Since buyers will see that the market is about to turn and will come back in droves. However, with the financial mess that we have, it might be a while until this happens. I have a lot of confidence in the Sarasota Real Estate market. We live in a city that is the envy of many small towns and offers ammenities only found in larger cities. You add the beach, great weather and cultural ammenities, and there is no better place to be!
Sarasota foreclosures are a great buy right now, dont miss out on them!
Jose Lopez is a Broker Associate with Coldwell Banker Residential Real Estate in Sarasota Florida. He specializes in Sarasota Foreclosures and short sales.
Sarasota Florida Real Estate Agent specializing in Waterfront and foreclosure properties.
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