Bobby J avatar
Beach Fanatic
10,649 views
I love how Real Estate constantly keeps changing. 4 new contracts today! We have averaged about one a week this year then spring hits and BAM! The trick is getting them to close. The good part is the activity is as strong as I have seen in two years. We are showing certain homes every day and getting many offers. The natives are restless.

Replies

61
Matt J avatar
SWGB
#2
I love how Real Estate constantly keeps changing. 4 new contracts today! We have averaged about one a week this year then spring hits and BAM! The trick is getting them to close. The good part is the activity is as strong as I have seen in two years. We are showing certain homes every day and getting many offers. The natives are restless.

You forgot your closing line, I'm sure SHELLY would love to hear it. :biggrin:
DD avatar
SoWal Expert
#3
Good for you, BobbyJ!:clap:
Miss Critter avatar
Beach Fanatic
#4
Wow, good news on the real estate front! It's an Easter miracle! :clap:

Maybe, hopefully, this is the beginning of a market turnaround. I remember how the folks in the trenches were fully aware of the problem long before the "indicators" reflected its seriousness. Since the numbers are always retrospective, perhaps we can finally look forward to some good news. I've no illusions of the time it will take to reduce an inventory glut the size of this one, but movement in that direction is welcome news to all. :D
Bobby J avatar
Beach FanaticAuthor
#5
Wow, good news on the real estate front! It's an Easter miracle! :clap:

Maybe, hopefully, this is the beginning of a market turnaround. I remember how the folks in the trenches were fully aware of the problem long before the "indicators" reflected its seriousness. Since the numbers are always retrospective, perhaps we can finally look forward to some good news. I've no illusions of the time it will take to reduce an inventory glut the size of this one, but movement in that direction is welcome news to all. :D

I tell many sellers this is not time to think this thing is over. It is time to get real serious if you want to sell. If you can't because you bought too high, hold on, or begin intense conversation with your bank. Daily!
BeachKing avatar
Beach Lover
#6
You bring up a good question, of the ones you booked this week, would you consider them bottom priced?
jelly bean avatar
Beach Comber
#7
If you want to sell you have to be the best deal going. Not a better bathroom or prettier decorations! Price! Buyer is tough right now and will walk the moment seller burps. I have followed this thread for years and really think it is a useful tool!

Edited

Beach Lover
#8
YEAH, GO BOBBY!! There are some excellent buys out there. Wish I was buying now instead of selling.
Bobby J avatar
Beach FanaticAuthor
#9
You bring up a good question, of the ones you booked this week, would you consider them bottom priced?

Yes. Motivated sellers sell!
Beach Lover
#10
I always like to see people I like doing well. Way to go Bobby J.
Rita avatar
margarita brocolia
#11
:clap: Good for you Bobby J!

So is the new saying "Location, Price, Price"? :biggrin:

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Miss Critter avatar
Beach Fanatic
#12
The trick is getting them to close.

STATEWIDE:
New Squeeze On Mortgage Standards
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow -- even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't afford the traditional 20% down payment on a home, already have flagged Florida as no-gos for some mortgages. Banks that have lost billions because of bad bets during the housing boom are now reverting to strict lending standards not seen in nearly 20 years, according to industry data and interviews with lenders. [Source: AP]

http://www.floridatrend.com

BobbyJ, what is your opinion about the availability of mortgage money? Are your buyers cash or at least 20% down? Are lenders lending?
Beach Lover
#13
I tell many sellers this is not time to think this thing is over. It is time to get real serious if you want to sell. If you can't because you bought too high, hold on, or begin intense conversation with your bank. Daily!

What exactly do you mean "begin intense conversation with your bank. Daily"?
Please advise.
LightWorker avatar
Beach Fanatic
#14
I love how Real Estate constantly keeps changing. 4 new contracts today! We have averaged about one a week this year then spring hits and BAM! The trick is getting them to close. The good part is the activity is as strong as I have seen in two years. We are showing certain homes every day and getting many offers. The natives are restless.


:clap:Good Going !!!​
Sea Sothebys avatar
Beach Lover
#15
Great Bobby. You know what my question is going to be: Do you know what your lead sources are? Are these people seeing your ads, your signs, your open houses? I am curious as to what you believe is working for you.
Please give me feedback.
Beach Lover
#16
Those who know Bobby J will tell you he is honest, hard working, and cares about people. He is always doing the next right thing. He cares more about people than making a sale. Maybe that is what is working in this market.
Bobby J avatar
Beach FanaticAuthor
#17
Those who know Bobby J will tell you he is honest, hard working, and cares about people. He is always doing the next right thing. He cares more about people than making a sale. Maybe that is what is working in this market.

Wow! Thanks for your kind words. That really means a lot to me.
Bobby J avatar
Beach FanaticAuthor
#18
http://www.floridatrend.com

BobbyJ, what is your opinion about the availability of mortgage money? Are your buyers cash or at least 20% down? Are lenders lending?

It seems buyers are not having many problems as long as they have 20% down. Lenders seem to be aggressive for business.
Bobby J avatar
Beach FanaticAuthor
#19
Great Bobby. You know what my question is going to be: Do you know what your lead sources are? Are these people seeing your ads, your signs, your open houses? I am curious as to what you believe is working for you.
Please give me feedback.

If I tell you, will you promise not to tell anyone, and if you do tell anyone, would you tell them not to tell anyone?
(Horton Hear a Who)

Beat the streets, years of advertising, sellers that listen, hungry kids, etc. You gotta get out there and know your first years are going to be tough no matter what you do. You got mad skills so I know with time you will be a very successful agent! It is about being persistent. Andy Andrews says, "persist without exception!"
Sea Sothebys avatar
Beach Lover
#20
Thanks Bobby! You give the best advice.

I have a funny idea- drumming to my own beat. My seller for the auction rented her house the entire time we are having these open houses proceeding the big day. So, tomorrow- I have a two hour window to show the home (and I can't use signs in Rosemary). So I am going to take Maia with me and we are going to have a lemonade stand on the boardwalk in front of her house.

It may seem weird, but I think that people will come to the lemonade stand and then I can tell them about the house being in the auction. Maybe show it to those interested.

Maia really wants to do a lemonade stand--- so- I am killing two birds with one stone...:D
SHELLY avatar
SoWal Insider
#21
Thanks Bobby! You give the best advice.

I have a funny idea- drumming to my own beat. My seller for the auction rented her house the entire time we are having these open houses proceeding the big day. So, tomorrow- I have a two hour window to show the home (and I can't use signs in Rosemary). So I am going to take Maia with me and we are going to have a lemonade stand on the boardwalk in front of her house.

It may seem weird, but I think that people will come to the lemonade stand and then I can tell them about the house being in the auction. Maybe show it to those interested.

Maia really wants to do a lemonade stand--- so- I am killing two birds with one stone...:D

...once you 'set the hook' with <I hope> free lemonade, 'reel them in' to the house with the promise of some "Easter theme" snacks inside to nibble on with their lemonade while they look around--that sounds like a capital idea. Even if they're not in the market, you'll off-load your business card, get a few names, and generate some buzz among the lookie-loos and some possible buyers.

Hide some filled easter eggs around the house for the kids to find (don't mention it, just let them keep it if they ask)....Oh! and don't forget balloons, lots and lots of balloons!!

.
Bobby J avatar
Beach FanaticAuthor
#22
...once you 'set the hook' with <I hope> free lemonade, 'reel them in' to the house with the promise of some "Easter theme" snacks inside to nibble on with their lemonade while they look around--that sounds like a capital idea. Even if they're not in the market, you'll off-load your business card, get a few names, and generate some buzz among the lookie-loos and some possible buyers.

Hide some filled easter eggs around the house for the kids to find (don't mention it, just let them keep it if they ask)....Oh! and don't forget balloons, lots and lots of balloons!!

.

Think happy thoughts .... Balloons are so 2007 Shelly! Wake up. You really are slow to the draw lately. What up?
elgordoboy avatar
Beach Fanatic
#23
Think happy thoughts .... Balloons are so 2007 Shelly! Wake up. You really are slow to the draw lately. What up?
You might take the post at face value..those ideas sound pretty good.
SHELLY avatar
SoWal Insider
#24
Think happy thoughts .... Balloons are so 2007 Shelly! Wake up. You really are slow to the draw lately. What up?

....."Dropping the Price" is the new "Balloons"...right?





.

Edited

SHELLY avatar
SoWal Insider
#25
You might take the post at face value..those ideas sound pretty good.

It was written with that in mind.


.
Bobby J avatar
Beach FanaticAuthor
#26
It was written with that in mind.


.

Really. The balloon part sounded as if you were making fun. Sorry, if you were being serious.

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