What is going on in real estate in Orlando? I must get asked this question about a hundred times per day. I’m beginning to think I need to whip on my swami turban and cart around my “8” ball and start coming up with some snappy retorts. Where is it going? Well I think it’s going UP! Lord knows…we have been down long enough and it can’t go any lower. Good people are walking away from their homes and facing foreclosure, bad people are walking away from their homes and facing foreclosure, smart people are walking away from their homes and facing foreclosure…it’s an epidemic. Good news is that for most epidemics, there is a cure. It’s just sometimes the cure is as bad as the disease. Will we see many more months of price declines, will we see more foreclosures, and will we see more rentals? What will we see? I wish I knew. But this I do know…it WILL rebound. The market will turn. Real estate is a life force and you can not stop it. Everyone STILL wants to own a home. Many people are returning to the thought process that it’s actually a HOME and not JUST an investment. Everything points to the good. The paper (and this is totally shocking) actually reported some positive news about real estate and the fact that it looks like the bottom has hit. Heck, even Donald Trump is buying, buying and buying real estate. Why not? It’s a great time to buy. What is going on in real estate? It’s all a gamble but it has ALWAYS been a gamble. But one thing I know. It’s worth owning a home and it’s still the greatest job on the planet. I love real estate!
Archive for the ‘Real Estate Agents’ Category
Posted in Buyers in Orlando, Central Florida, Central Florida real estate, Linda's Favorite Blog Sites, Luxury Real Estate Agent, Luxury Services, Market Conditions, market facts, Mortgage Loans in Orlando, NAR, news media, Orlando, Orlando Home listings, Real Estate Agents, Real Estate Resources, Uncategorized, what's selling in real estate | Leave a Comment »
ARE THESE THE DOGS DAYS OF REAL ESTATE? On the contrary, it’s A GREAT TIME to buy a home. Why…because buyers hold a lot of power right now and if used properly today’s buyer can become very successful at buying a home at the most opportune time in over a decade. Like it or not, buyers have a big advantage in this market because sellers are now more willing to negotiate. There are also more homes for sale on the market and the lenders are begging for qualified buyers. Buyers rule the world. However, buyers need to be careful. Why? Because things are getting a little ugly in the real estate industry and EVERY BUYER seems to think that all Sellers are DESPERATE for an offer, any offer. I have lost track of how many transactions have not only come in $5,000 under listing price but sometimes almost $500,000 under list price. Buyers need to understand that not EVERY SALE IS A SHORT SALE and not every SELLER is in panic mode. But what you do have…Sellers willing to make some good “deals” out there and you are missing the action. Why are buyers hesitant? I have no idea. I do know this…if buyers wait around for the PERFECT time to buy a home they will miss their chance. He who hesitates… So think about it, go out and look. Find a good REALTOR and get an offer in on the home of your dreams. It’s still a good buy, but even better, it’s good to come home each and every night to your “OWN” place and have a little slice of heaven here on earth.
Posted in Home Buying, Home Purchase, housing industry, housing trends, Linda's Favorite Blog Sites, Market Conditions, market facts, news media, Orlando, Orlando Home listings, Orlando homes, Orlando real estate news, real estate, real estate agent, Real Estate Agents, Real Estate Resources, Uncategorized, what's selling in real estate | 2 Comments »
The National Association of Realtors has FINALLY decided to come out and combat the negative publicity about the media’s coverage of the housing market. I feel that for too long the media has distorted the news about housing and no one has really tried to fight the press. People believe what they read and it is wrong!
According to an article written by Blanche Evans with Realty Times, the National Association of Realtors (NAR) has a new website that is designed to provide valuable information to the buyers and sellers of real estate. I can only hope that the general public will learn of this campaign to educate the mis-informed public through this webiste. I commend NAR for stepping up and making a strong statement in behalf of the housing industry.
The website can be found at www.housingmarketfacts.com
Good news, indeed!
by Linda Hutchinson
The “idle” rich moniker no longer seems to hold true according to Robert Frank, a senior writer for the Wall Street Journal. He reports that the uber-rich are now seeking discrete, savvy and educated professionals for their home staffing needs. The luxury homebuyer now seeks professional help through headhunters and employment services. In addition, there is a greater reliance on professional help when it comes to managing wealth. I believe this also holds true for real estate agents. It is no longer good enough to be a licensed real estate agent, one must know and understand the high-end buyer or sellers needs, wants and desires while having an expanding market knowledge and ability to advise clients on making sound financial decisions with the purchase of first, second or multiple homes.