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Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes

Beware Of Damaged Goods! *The Human Consequences Of Taking Overpriced Listings*

If you are taking overpriced listings without any notion of reducing the price of those listings within the first 30 days on the market please read this story. If you do not take overpriced listings please read this story to reaffirm why you will not do so. If you are thinking about taking overpriced listings then read this story.

Agents who take overpriced listings

Whenever you take a listing it is your duty to find out why the seller must sell. I am amazed at how many sellers we talk to who tell us their agent never even asked them why they needed to sell. Don't you think that the motivation of why a seller needs to sell needs to be taken into consideration with your pricing? Of course it does.

A seller calls us in dyer straights and needs to sell her home with a short sale and asked us to list her house. As I began to inquire about her property and qualify her for the short sale process she informed me a very sad story.P Please keep reading, you will see there is more to this story than her husband getting laid off of his job.

Two years ago, yes, read that again, 2 years ago she listed her house with an agent who over priced her house. Now, the seller had no idea at the time of what price to ask. She depended on her agent to tell her what that price was. She asked the agent to be honest with her about what she the house should be listed at. This agent had all the opportunity in the world to price this house to sell. The seller told the agent of her financial situation.

The house gets listed too high. Now at that time they only had one mortgage on the house and they could have sold it for a profit because they had equity in the house. This was in 2006. The market was already heading down, however, the amount they owed compared to even a low ball offer was still a great deal to this seller.

Now, the agent takes the listing, puts it in the MLS, can not even do the 4 P's because they don't allow signs in this community and walks away. After a few months of not hearing from their agent and after looking online to start to see what the other homes around her were listing for and selling for the seller calls her agent to ask for a price reduction!

You read that right! How many of you who fight for price reductions wouldn't kiss her feet for being the one to suggest a price reduction! This agent should have been embarrassed that the seller was calling her. Now the seller gets the agent on the line and says,

Seller, " I think we need to drop the price of the house."

Agent, " Oh O.K."

Seller, " What do you think we should drop it to?"

Agent, " Ah, I don't know, what do you think we should drop it to?"

Seller," Well, I don't know, If you think, $5,000, $10,000, $25000 would help to get it sold?"

Agent," OK, we will reduce the price by $5,000."

Please tell me this agent is one of those agents who did not pay her dues for 2008 and is out of business!I would not wish this agent on my worst enemy! real estate coaching

So 6 months goes by and nothing happens, no showings, no offers. The seller is a nice lady who knows nothing about real estate and hired an agent to do what she did not know how to do. So then they list with another agent and basically the same thing happens again. The market was falling fast at that time and the agent had no clue about pricing a property to sell in a falling market. So again the seller was behind the eight ball with no room to get out.

And now what does the seller need to do because of the inept and inconsiderate agents she had to deal with? Well, she had to get a second mortgage on her house just to keep living in this house and keep her payments up on the house and the bills. She never would have had to take out this second mortgage in a falling market if the agents had priced this house to sell in the very beginning, they would have walked away with money in their pockets and a song in their hearts.

This is not the end of the story!

Now the seller thinks that all the agents do is to put her listing in the MSL. The logical thinking is, Gee, if that is all the agents do then I can do that myself. The seller pays a $395 fee to a company that places her listing on the MLS for her. This seller becomes a FSBO with still no idea of what to price her house to sell at. After about a month, another agent promises her the moon and talks her into listing her house again. This must have been his prospecting technique, to solicit the sellers who pay the MLS listing company to enter their listings on the MLS. Again, this agent, O.K. now, this is the third agent that has overpriced her house.

I want to have a word with these agents!

I just about had to pick myself off the floor after hearing this story. I had to pause just to regain my composure. This whole story was related to me over the phone. I could feel her distraught right through the phone.

They are the ones who should be paying her second mortgage payments! This is plain and simple irresponsible and totally uncalled for. Why are you taking listings that are not going to sell? Why are you not asking for price reductions after there are no lookers! This is over a 2 year period of time!

The seller knows the only recourse now is either foreclosure or doing a short sale.The reason she has to do the short sale is because the agents did not list her house at a price that it would sell. She watched as houses around her sold and hers did not. There is nothing wrong with the condition of her house. It was the pricing. If we had the listing in the first place the house would have been priced to sell and she would be walking away with cash in her pocket 2 years ago!

She Googles our keywords for Short Sales and we are all over page one. The seller reads our articles on short sales and calls us. We took her listing over the phone and priced it correctly to sell quickly. Low enough that the buyers will come and reasonable enough the BPO the lender will order will come in very close to what we have it listed for.

Sellers: Beware of agents who hang their reputation on their sales when the sun was shining and the market was hot. Make sure to choose an agent who has weathered all the real estate climates and knows how to handle the storm of a falling market.

Agents: Please do not take overpriced listings. You may just be contributing to damaged goods. Remember, these are human being and there are human consequences to your actions. Please govern yourselves accordingly.

Katerina Gasset Subscribe to my Blog
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Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.

Copyright © 2008 By Katerina Gasset, All Rights Reserved. *Beware of Damaged Goods! The Human Consequences of Taking Overpriced Listings* Contact Katerina Gasset for Customized Business and Personal Coaching.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.

Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more about Palm Beach County Short Sales.

Our Fax Machine Is Ringing Off The Hook With Multiple Offers! So What Is Up With The Post?

What! The Palm Beach Post just wrote another story about the sky is falling, the sky is falling! multiple offers on our listings in South Florida

They interviewed a Realtor® we know in our community who says he has buyers and he is doing business and that he thinks the bottom is here. Right after that paragraph, The Post quotes some pessimist economist who rebuts the Realtor with the land slide in going strong! Are they on the front lines? Are they in the business of selling real estate? They just negated what the Realtor said was the truth. What is their motive in all of this? I wish their paychecks were affected by their negative reports and their shameful twists on the truth.

Our fax machine is ringing off the hook and we are getting multiple offers on our listings! We work our business and our business works for us. When you price your listings correctly with a positive energy force surrounding your business you will get busy and you will close deals.

Buyers: if you are thinking about buying a home here in Wellington Florida you can still get a great deal on a home. Just be cautious because if you really love the home that you want to buy you need to make your best offer because you may just have some competition, yes, even in this market.



One of our short sale listings had 5 offers on it and of course the seller and the lender only accepted one of those offers.

Agents: Even though the market is slower than when it was hot that does not mean that when you are ready to write up an offer for your buyer that you should be lazy and take your sweet time to get it to us. We have had deals even now where the agent took too long to get us an offer and someone else beat them to it. Be mindful of who you are working for and remember the offer for purchase agreement states that 'time is of the essence.' It does not say, when it is a hot market time is of the essence and when the market slows the rules don't apply.

When you are making an offer on one of our short sales please make sure to call us first so we can explain what your buyer package needs to contain in order to satisfy the third party lender. May we suggest that you read up on what the buyer needs to. submit a short sale offer from our Short Sale series of posts.

Agents are calling to show our listings. We are having showing every single day.We are very close to the bottom if we are not there yet. So take that Palm Beach Post- you can't argue with the truth!

Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.

Copyright © 2008 By Katerina Gasset, All Rights Reserved. *Our Fax Machine Is Ringing Off The Hook With Multiple Offers! SO What Is Up With The Post? * Contact Katerina Gasset for Customized Business and Personal Coaching.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.

Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more.

VillageWalk Wellington Florida- Town Center, Comfort and StressFree living.

VillageWalk of Wellington Florida is a place you definitely will want to check out and put on your list of great places to live in Palm Beach County Florida. You will fall in love with this completely self sufficient community in the famous and desirable village of Wellington.

Village Walk Wellington Florida Town Center

Much of Wellington consists of Luxury homes and Equestrian ranches and mini mansions. But for those of us who are interested in a median price home with tons of amenities than VillageWalk is the place for you to relocate to.

You can buy a 2 bedroom and a 3 bedroom home in VillageWalk of Wellington for just under $250,000. That is one amazing price for a house with at least 1,500 square feet under air conditioned space. The price of the active homes on the market right now are starting at $259,000 and the highest priced home right now on the market is $625,000. But most of the homes are priced in the 300's to the 400's. This is a phenomenal value at this time.

Click here to find out more about the VillageWalk Town Center. You never have to leave the community. VillageWalk is complete with a resort style pool, spa, tennis courts, basketball courts, fitness center, post office, library, nail salon, hair salon, bank, deli and gas station. You can walk from your home to the Town Center over these spectacular bridges. Please click on the link above to take the tour of the Town Center and the grounds in VillageWalk.

Village Walk Wellington Florida bridge to town center

Most of the homes are located on finger lakes that are built all around the community is a circle or more like an oval. The walking trails are clean and safe with 24/7 guarded gates and guard patrols as well as each home is equipped with an alarm system.

The residents of VillageWalk love to live here and they seldom wish to move. Most people only move if they are getting relocated to another part of the country or have some life changes.

Click here to find out more about why the residents of VillageWalk love to live here.

If I wanted to live in a gated community I would choose to live in VillageWalk of Wellington Florida because of all the community has to offer. It is also so close, like just about 5 minutes away from Wellington Regional Hospital, the Wellington Green Mall and the soon to be site of Whole Foods coming in 2009. You are close to everything inside and outside of VillageWalk.

To enjoy a scenic ride around VillageWalk please click here.

Currently there are 52 active listings for sale in VillageWalk of Wellington Florida. These homes were all built from 2003 to 2005 by Divosta who is known for building solid homes.

There are 18 homes for sale under $299,000, 19 homes asking in the $300,000's and the rest are asking over $400,000. If you are planning to relocate to Palm Beach County Florida and Wellington Florida I would suggest that you take a close look at VillageWalk. It has a lot to offer you. All ages and pets are welcome here.

Here are the links to our Village Walk Posts one more time so you can have them all in one place. We look forward to helping you buy or sell your home in VillageWalk in Wellington Florida:

villagewalk wellington florida: Enjoy A Drive Around VillageWalk Of Wellington Florida
VillageWalk is a gated community. If you would like to see the homes that are for sale in the neighborhood of VillageWalk in Wellington enjoy the photo tour here of the area and then we can make an appointment to see the homes for sale in your price range.

villagewalk wellington florida: Town Center Of VillageWalk in Wellington Florida Welcomes You Home! Town Center of VillageWalk in Wellington Florida Welcomes You Home.
When you drive through the security gate at Wellington's Village Walk build by Divosta you feel like you are home. You are warmly greeted by this stunning Town Center Tower complete with ...

villagewalk wellington florida: Villagewalk Wellington Florida Market Watch Report - 0 The VillageWalk community in Wellington Florida has a total of 954 Homes built by Divosta between 2001 to 2005. There are currently 60 homes for sale in VillageWalk.
These homes are listed in the following price ranges:
10 homes are listed between $278,000 to $299,000 29 homes are listed between $300,000 to $399,000There ...

villagewalk wellington florida: Why Do The Residents Of Village Walk in Wellington Love It Here So Much? Village Walk of Wellington is a Divosta built this community of 954 homes all on lakes and on culdesacs. All the homes were built from 2001 to 2006. There are single family residences and villas. There are 5 different floor plans which made choosing your model easy.

Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.

Copyright © 2008 By Katerina Gasset, All Rights Reserved. *VillageWalk Wellington Florida Town Center, Comfort and StressFree Living. * Contact Katerina Gasset for Customized Business and Personal Coaching.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.

Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more.

Short Sales In Palm Beach County Florida Part 6- After The Offer Comes In.

short sales in palm beach county part 6
Short Sales In Palm Beach County - Part 6- After The Offer Comes In.

In order to understand the entire short sale process please read the Short Sales In Palm Beach County Series we have posted here:

Short Sales-Part1- What You Need To Know

Short Sales- Part 2-Are You Qualified To Do A Short Sale
Short Sales- Part 3- What you need to do to Prepare for The Short Sale
Short Sales- Part 4- What The Buyer Needs To Have With A Short Sale offer
Short Sales- Part 5- Myths and Truths about Short Sales

So now the buyer has made an offer and turned in all his/her supporting documents. The seller and his/agent have put together all the required seller documents for the short sales in Palm Beach county package.

The agent will now make sure that every document required is correctly filled out and that the loan number is on every document. The agent now will contact the third party lender and get the instructions to get the package to that lender. Most lenders want the package faxed. If they want you to express mail the package make sure you have a duplicate package prepared. On one of our short sales; we expressed mailed the package and it was signed for but it ended up in the lender's black hole. Then they lost our two faxes of a package that contained over 100 pages and they even said they never received our email when we emailed the package. So make sure you have a back up.

Super Tip: I would recommend buying one of those stamp kits at Office Depot so you can place the loan number on the stamp and stamp all the pages of the short sale package instead of hand writing the loan number on 80 to 100 pages of documents.

Once the Short Sale package is delivered to the third party lender we will call the lender to make sure that they have received the package. This one action is an act in patience! Some lenders are easy to get through and some are a nightmare. Sometimes Nestor has been on hold for over an hour just to reach the right person to find out just if the package is there! Please do not work in short sales if you have a hot temper or are impatient as your blood pressure will surely rise while on the phone with certain lenders.

Super Tip: Call the lender early in the morning, get on that phone before all the other callers start calling. Be the first in line!

Once we get someone on the phone Nestor confirms that they have received the package and that they have our authorization letter from the seller so we can talk to the lender. The first thing Nestor does is to confirm that this lender actually holds the note for this property. We had one short sale where the lender our seller was sending his payments to had sold the note to another lender and that lender in turn sold it to someone else. Since the first day of giving this lender notice that we were doing a short sale that note ended up being sold twice in a period of just a couple of weeks. The lenders were playing hot potato with his loan!

Super Tip:
Make sure that you call ahead of even getting an offer to the lender to confirm that they are still in fact the lender. Notes are being sold every day so stay on top of this.

There are note holders that service loans that they do not own. In these situations the servicer takes care of all the short sale paperwork and acts in behalf of the note holder. For instance, we have a file now where the servicer is GMAC and the note holder is Deutch Bank. GMAC is like the negotiator for Deautch Bank.

There are also companies that just do Short Sale processing and negotiations that lenders will contract out their short sales to. We have had the best results from these companies. Obviously this company is also getting paid upon the completion of each short sale so they are quick to respond to us. Nestor usually can get right through directly to the negotiator on the file.

Then there are the lenders who are trying to do it all themselves. These lenders own the note, service the note and handle all aspects of the Short Sale. These tend to be the hardest to get through to. They are totally swamped with files and they do not have experience in doing Short Sales. You are getting a salaried employee who knows little to nothing about the real estate business. Most of the time by the time these lenders do something with your short sale package the buyer is long gone!

Super Tip: Don't sweat losing the first buyer. Once the counter is made from the lender you will know exactly what they will accept for the property and the next buyer that comes along will be able to close quickly. More on that in the next post, Part 7.


Disclaimer: This post is not intended to be or to provide legal advice. We recommend that you speak to your attorney and your tax accountant regarding specifics and to find out if this is the best option for you in your situation.

The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.

Copyright © 2008 By Katerina Gasset, All Rights Reserved. *Short Sales In Palm Beach County Florida- Part 6- After The Offer * Contact Katerina Gasset for Customized Business and Personal Coaching.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Wellington Florida Luxury Homes For Sale Click here.
We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.

P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more.



Dan Menta Artist- Commissioned and Prints, Buy His House And Get A Commissioned Custom Print.

Dan Menta Artist- Commissioned and Prints, Buy His House And Get A Commissioned Custom Print for your new home. Take a look here at samplings of his Commissioned Art work and some of his designer prints.

Dan's House is for Sale In Wellington Florida. He loves it here in South Florida but he and his wife just have too much work in New York so they will relocate north in order to advance his Art Career and be able to take part in all the exhibits up north to display his art.

In fact, from February 28 to March 3; Danny Menta will be exhibiting his art work at the 30th year anniversary Art and Expo at the Jacob Javits Convention Center in New York City.

If you buy his house I am sure that we can work in the deal that he do a commissioned art piece for you with the right offer. Here is a sampling of some of his work. For all you Art lovers, you will just be amazed at his talent.

Dan has been an artist since he was 5 years old. He has a talent and a gift for painting and every thing he has done in his life has always brought him back to his love of art. He has been doing commissioned art since 1987. He also does fine art and you can find his fine art at Dan Menta Fine Art. To see his murals and commissioned artwork just click here.

Dan Menta artist statement

His fine art is done in a combination of brush and airbrush. The fine art prints start at $3,500 to $ 5,000 and the commissioned art work starts at $2,800 with one person in a small portrait.

Dan has been blessed with a tremendous gift and talent and he is very appreciative of his blessings. He loves living here in South Florida and loves his home.

Here is Dan Marino.

dan menta commission of dan marino

Here is Trick Daddy, the Rapper.

Dan Menta commissioned to do Trick Daddy

And here is the Bronx Tale which is now in the home of Crazz Palminteri.

The bronx tale art by Dan Menta

Fan of the Soprano's ?

The Sopranos commissioned by Dan Menta

If you own an art gallery and would like to exhibit Danny Menta's Art please contact me and I will put you in touch with him directly.

Check out Dan Menta's home for sale:

6 bedrooms on the lake with private swimming pool, priced at only $619,777.

1197 Canyon Way for sale for $619,777.

Check out the Real Estate Show of Dan's house below:

Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.

Copyright © 2008 By Katerina Gasset, All Rights Reserved. * Dan Menta Artist- Commissioned and Prints, Buy His House and Get A Commissioned Custom Print.* Contact Katerina Gasset for Customized Business and Personal Coaching.

Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.

Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.

P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more.