Hi folks, Miracles do happen. After many months of phone calls, updating documents and keeping the buyer on track we finally received an approval to close on a Bank of America Short Sale.
Only one small issue........they approved the wrong Buyer and the wrong contract!!!
So, we start over.
I love Short Sales. I really do. There can be no other reason that I would deal with this crap day in and day out.
Need help with your Florida Short Sale? www.CentralFloridaShortSales.com
Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com
http://ShortSaleSuperStars.com
Are you a Florida REALTOR(R) looking for a change? Check it out.
CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES
Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved
Hi folks. Lenn Harley wrote a post today titled "Looking at Real Estate Teams and Team Specialists". If you haven't read it please take a moment to do so. In her article Lenn wrote...
"The assumption is that training for property valuation is for listing agents for CMAs and not for buyers agents. IMO, one of the most valuable skills any real estate practitioner can have is that of accurate property valuation."
I have to say I agree with that statement. As most of you know I have been primarily a listing agent for many years. Over the last 18 months or so I have had to revamp my business and now find myself working with more and more Buyers.
I find that one of the advantages I have is that I know how to value property. My market is saturated with foreclosures and Short Sales. Because of this, the listing price means nothing. The listing price is normally quite a bit lower than what the property will eventually sale for.
The purpose of a low listing price is to create a bidding war. I completely understand this strategy and have no problem at all working within the rules of this "game".
My Buyers are counseled to make offers based on the value of the property not the list price. This is very important for Buyers and their agents to understand when working in this kind of a market.
How many of you have had Buyers that insist on offering below listing price on every property they look at? How many of you counsel then to do this? Is the extent of your counsel telling Buyers to offer 90% of list price? Be honest. When was the last time you prepared a full blown CMA (Comparable Market Analysis) for a Buyer?
Do you even know how to prepare a market analysis? From some of the offers I see coming in on my listings my opinion is that..no..you don't. Your Buyers are missing out on properties because they are hung up on the listing price. Your job is to make sure this is not a stumbling block for them. The best way to do that is to make sure you are giving your Buyers a CMA.
This Buyer CMA can be for a specific property or it can be based on the style and type of property they are looking for. Does that make sense?
Here's a CMA I prepared last week for a Buyer. We ended up getting his offer accepted even though there were about a dozen offers on the property. Check it out. Any questions?
CMA 816 Halifax Dr Kissimmee FL 34758
Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com
http://ShortSaleSuperStars.com
Are you a Florida REALTOR(R) looking for a change? Check it out.
CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES
Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved
It seems like all Buyers want the same thing. Four bedrooms, 2 baths, at least 1700 sq ft living area, no more than 5 years old and less than $100,000. The problem is there are only 22 of them on the market today. 17 of those are Short sales!!! The other 5 are REOs (foreclsoures).
So here's the deal. If I tell you you will not get the property for less than asking price....I'm NOT lying. Properties that are priced right are selling for an average 105% of the asking price. That's just an average. Some are selling for way more than that. In fact, the highest sold for 158% of asking price.
I'm a Real Estate Broker. I make my living by selling property. I WANT to sell you a house. I also WANT you to be able to get a good property at a fair price. If I tell you houses are selling for $42 a sq ft and your accepted deal at $38 a sq ft is a good deal then you need to believe me. I'm not just blowing smoke up your arse.
If you are not comfortable paying more than the asking price then don't. That is certainly an option for you. BUT....you won't be buying a 4 bedroom, 2 bath home, with at least 1700 sq ft, no more than 5 years old in Kissimmee for less than $100,000.
Is that really that difficult to understand? If you don't want to understand it then please just move on. I truly don't need that $1,500 commission.
If you REALLY want to buy a house and want someone that will give it to you straight then give me a call. I can help.
OK....that was fun. Now who can I send this to? www.CentralFloridaShortSales.com
Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com
http://ShortSaleSuperStars.com
Are you a Florida REALTOR(R) looking for a change? Check it out.
CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES
Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved
Kissimmee Florida Short Sale. Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties. Centrally located. Vacation rentals are OK. Very good unit for the price. Close to downtown Kissimmee. 25 minutes to Disney World and the Airport. This is a short sale and does require patience. Please only qualified buyers.
Do you need help selling your Florida Short Sale? Central Florida Short Sales
Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com
http://ShortSaleSuperStars.com
Are you a Florida REALTOR(R) looking for a change? Check it out.
CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES
Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved
This is NOT a Short sale or a foreclosure. Just a good property priced to sell. There are 3 bedrooms and 2 baths with 1480 sq ft of living space in this never lived in home. Built in 2007.
Owner will consider financing with 40% down or buy out right. The price is low enough at only $75,000. Would make a great primary residence or rental property. Would easily rent for $750 to $800 per month.
Either way it's ready for occupancy. The AC and heating system was installed this week. Check it out....
Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://CentralFloridaShortSales.com
http://ShortSaleSuperStars.com
Are you a Florida REALTOR(R) looking for a change? Check it out.
CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES
Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved
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