Realtors Meeting With BP

By
Real Estate Agent with Century 21 Birchwood Realty, Inc.

Aren't we ever going to see and end to this situation.
 
A meeting was held in Fort Walton Beach, Fla. yesterday with Realtors expressing they're frustration over the effect of the oil spill on business.  From what I read on floridarealtors.org, even though BP stated they would pay for lost contracts due to the spill, none have been paid.  John Harrell, president of Bay County Associationof Realtors, said "he knows 50 people who have filed claims, and none of them have been paid".  BP's statement of the claims process was "it is a complicated process and there is no cookie-cutter answer".  I guess this means Realtors will not see a dime of reimbursement.

Several sales have been lost in our area offices alone.  Agents working with out of state customer are finding their customers having concerns about purchasing a home at this time, with the oil along the coast they are deciding to wait.  I can't imagine how many agents this is happening to, or, is going to happen to.  With the oil running freely for the next several days who knows the total impact this is going to have on our industry.  Even though we don't have any oil balls here, the customer's perception is we may in the future, and then what happens to their investment?

When you come down to it there isn't very much we can do about this situation. BP will find a way not to fulfill their obligations (like not paying the fisherman), and the Administration has clammed up; no help in that arena.

All we can do is keep trying.
I loved the part where Florida Realtors President Wendell Davis said to the BP representative "Plug the hole is what we want and need"

 

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                                                                           Lois Davme with glassesies,ABR

        www.capecoralhomes.pro
            Cell: 239-357-5558                                                             
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     Century 21 Birchwood Reatly, Inc.
4040 Del Prado Blvd., Cape Coral, Fl.  33904
                      

 

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  1. Wallace S. Gibson, CPM 07/13/2010 09:17 AM
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Location:
Florida Lee County
Groups:
All Things Florida
Politics And Real Estate
Posts to Localism
Realtors®
Silent Majority
Tags:
florida real estate
housing market
oil spill
realtors
bp

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Rainmaker
190,653
Lois Davies
Cape Coral & SW Florida
Century 21 Birchwood Realty, Inc.

Thanks Doug

Look at the bright side Mike - Investors can go into those areas that are really hurting and buy for the future; we all know this spill will be cleaned up eventually.  Nature has a way of revitalizing itself.

Thanks again Nick

July 12, 2010 04:06 PM
Rainmaker
1,055,428
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Thank you for posting this.  The real estate industry is often "forgotten" in the wake of disasters and I am glad Florida Realtors are being pro-active.

July 13, 2010 09:16 AM
Rainmaker
190,653
Lois Davies
Cape Coral & SW Florida
Century 21 Birchwood Realty, Inc.

Wallace, all we can do is try.

I am sure Realtors will be at the bottom of barrel when, and it, BP pays out any of the claims

July 13, 2010 07:43 PM
Ambassador
693,039
Mike Frazier
Dyersburg Tn Real Estate
Carousel Realty of Dyer County

Lois,

You are right. The sun will shine again and probable much brighter than before.

July 14, 2010 10:32 AM
Rainmaker
190,653
Lois Davies
Cape Coral & SW Florida
Century 21 Birchwood Realty, Inc.

Love the optimism Mike!

July 14, 2010 12:55 PM
Anonymous
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Rainmaker
190,653

Lois Davies

Cape Coral & SW Florida
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A full time agent serving all of Lee County.