Broker Dave

NonRealtor,

I wish I had your crystal ball.

Also wish I had bought gold at $950.00 an ounce a couple of months ago when the sky was falling then and every TV commercial and pundits on TV said the end was near. Gold today is $744.43

Just watched the head of C-21 on CNBC and they asked about the market, is it going lower or have we hit bottom, he also stated if he had a crystal ball to see this he would give exact information but can't, can only give what i happening today and quote historic data.

What industry do you work in nonrealtor?

Broker Dave
Broker, GRI, e-PRO - Fri Nov 14 2008, 10:37

OK, I think Realtor's get it as I talk too many here and across the land but the fact is people need to buy as their families are expanding, moving and tons of other reasons.

Now is it a great time to buy? Based on prices it is, if you slice out '03, '04', '05, '06, '07 and the first half of '08 and slide the second half of '08 back to '02 you have homes prices where they should be.

Case:

I have a buyer who placed an offer on a home (damaged) listed at 220,000 and we placed an offer of 180,000 with 30,000 in escrow 2 week close. This is an REO (bank owned) they came back with "Send us your highest and best", alright lets go 184,000 with 30,000 in escrow and 2 weeks to close, again asked for highest and best, I recommended we move on, the buyer did.

.60 on the dollar on this one would be 132,000 - wonder why the BANK didn't take .836364 on the dollar (give or take .10 cents) ?

Now did you hear that Fannie, Freddie and Citi are working out over 1.2 million distress loans as of Tuesday? That is what this industry needs to stop the slide, and we need first time buyers, move ups and downs and relocation moves to get this inventory down and again stop the low ball offers from investors.

Realtor's are not making up the sold home numbers of the last few months, we cannot make buyers sign a mortgage note, they see opportunity and that is smart buying.

And as far as pricing is concerned I don't understand the honesty thing as I can show you thousands of honest Realtor's who "UNDERSTAND THE MARKET", and that is what I think you meant instead of the word honest.

You best Real Estate Agent is one who is a full time agent, understands the market, researches daily and expands their knowledge by attending classes and seminars and reads their trade mags and has listings and is selling more than a home here and there.

Dave Lowe
Broker, GRI, e-PRO - Fri Nov 14 2008, 07:20

Win13

To help in researching take time to visit http://two4oneoforlando.com where you can search REAL TIME MLS, giving direct access to all resale homes listed for sale in the Orlando area. While your there get a 'Free Market Snapshot' on any Central Florida neighborhood, this should help with your home buying process.

Dave Lowe
Broker / e-PRO
407-330-0060 (office) - Thu Jul 17 2008, 17:33

Brooke,

Visit my website http://two4oneoforlando.com and on the right side home page you will see a widget to search for homes or you can do a market snapshot to see this home and other homes that are currently listed for sale, pending or sold to help you make an informed buying decision.

If I can help call or email me through my site,

Good luck in your search,

Dave Lowe
Broker, GRI, e-PRO - Tue Nov 11 2008, 15:34

Pam,

Visit my website http://two4oneoforlando.com and on the right side home page you will see a widget to search for homes or you can do a market snapshot to see this home and other homes that are currently listed for sale, pending or sold to help you make an informed buying decision.

If I can help call or email me through my site,

Good luck in your search,

Dave Lowe
Broker, GRI, e-PRO - Tue Nov 11 2008, 07:31

Mike,

I see the big question as why do you need to sell? If it is to take advantage of the lower home prices so you can get a larger home for less money now is the time. Sales have been up in Central Florida for the last 2 months, will it continue is anyone's guess but First Time Buyers are here and that is one of the pieces to the home sale equasion that has been missing.

The key is to set your home price at a level that is a bit lower than market so as to not chase it down and end up losing money, time and patients.

See how we help save you money with full service visit our website,

Dave Lowe
Broker, GRI, e-PRO - Mon Nov 3 2008, 14:20

Carrie,

To my knowledge you have to have an arms-length transaction which means that the bank is not going to allow you to be party to the transaction. I would assume that this would mean that you cannot have it listed with your own firm as that would not be an arms-length transaction and could possibly bring up problems in the end. My recommendation is to find another firm that you do not have any friends or family to represent this transation, you do not want this to come back and haunt you.

Dave Lowe, Broker
GRI, e-Pro - Wed Oct 29 2008, 13:56