Ron Maruca P.A.

You've got to work as hard or harder than the realtor representing you to find a home of your dreams.

You say wait a minute, Isn't my job to approve what my realtor finds me? Why do I have to work at this?

The answer is simple. This is a very competitive market. I have stated this for the last 6 to 8 months, we are in a frenzy at the bottom of the real estate market. The sooner the buyer understands that it's dog eat dog out there the sooner they'll have that dream purchase.

My motto get there 1st and bid at or substantually above asking price. Many banks set prices low for a bidding war. Even at the higher price you should still be in great shape for the future higher home values.

Another insentive for you is the tax credit now extended to April 30 2010 and existing home owner insentives of up to $6500 for home owners in their home 3 of the last 5 years.

Sooooo! Get out there and make a great deal!!:}

Contrary to what may seem like a wise decision, making a low offer on an already low priced foreclosure is a surefire guarantee to lose the purchase.

The market, at least in South Florida, is full and competitive in the single family range from $150,000 and below from the news I've read to personal experience.

Bottom line....... If you want a property your offer must be at or above full price and the best terms you can muster!!

In the last 30 days I've had 4 buyers that were looking to buy a good real estate single family home investment. Three of the four buyers were cash deals. All of the offers had multiple other buyer offers and we lost them all to higher bidders. I heard that there were as many as 10 other offers on some properties.

I shared those stories with each of my investors,with the hope that they" get the picture."

Sooooo what do I do about 4 offers and no sales?? Set up my investors to come to the plate or don't get in the game.

I think we're THERE!

PS I wrote another offer today. With a lot of explanation and stories of lost deals and these buyers experiencing the same frustration, we made an offer $5000 over asking price and........ The bank came back at highest and best!! We are possibly coming back a little higher. This market is crazy!!

If we're not at the bottom ! I'm drowning down here already:)!!!!