LOOKING BACK ON 2008

By
Real Estate Broker/Owner with SunState Realty

Saturday, November 08, 2008

Record home sales in 2008!

 

Our company has experienced record home sales in 2008. Many people may find this surprising considering the media. However, we specialize in the sale of bank owned properties, in fact over 95% of our sales this year were owned by banks. Does that give you a good idea of what people are buying? Everyone is looking for the deal and for now, most folks just cannot compete with the prices of foreclosed homes. If you are an individual looking to sell your property, my best advice is if there is any way to sit tight for another year or two, try and do so. The only market that does not seem greatly affected is the luxury home sales 2,000,000 and up. All others are still seeing declining prices. My feeling however is that we are at the bottom. Darin and I just purchased a single family home for 29,900 as an investment. When you start seeing prices like that, you know you are close to the bottom of the cycle. If you are an investor looking for rentals, it's time to jump back into the game. The potential for rental income is actually increasing due to the difficulties first time home buyers are now experiencing getting financing. Get out there and buy some real estate folks, and lets all boost the economy a bit while investing in our future. Posted by SunStateRealtyLLC at 7:19 PM 0 comments

Monday, April 28, 2008

Did we mention...?

 

That the market is back? Oh, yeah, I think we did way back in January. Let me tell you this is the year of the comeback. Granted the things that are selling are the lowest priced of the low. We have seen multiple offers on many properties this year. It is becoming the normal. Do not believe all the gloom and doom you read about in the press. The buyers are out there, and they are serious. Price realistically and your property will sell. If you can't afford to sell at todays prices, hold onto it for a year or two. Looks to me like things will be bouncing back slowly but surely. Posted by SunStateRealtyLLC at 6:33 PM 0 comments

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
8,642

Mary Waldeck

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the computer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: