It seems most of the sales in Sarasota County and Charlotte County are from short sales at this time. Charlotte County has listings that number in the thousands, as does Sarasota County.
Banks are doing well with their inventory. They are holding it and letting it out slowly. As they control most of the inventory, they also can, and have, a significant effect on market price. By letting the property on the market slowly, they they can effect market equilibrium.
Market equilibrium is when supply equals demand. When supply is greater than demand, the price drops bringing in more buyers until the buyers buy up the supply. With a lot of homes for sale, prices drop. The banks do not want that as they want the most for the homes they now own from foreclosure. So, they don't put them on the market as they get them. They wait.
They do have other issues also. Stockholders who want a return on their money.
Saturday, September 19, 2009
Friday, August 21, 2009
Discount Brokers in North Port
I am unaware of discount brokers in North Port who are not National Brands. It seems to me that dicount brokers in North Port are disappearing. Assist to Sell had an office on Tamiami Trail in North Port next to the restaurant...
The Olde World Restaurant is nearby. There are for sale signs on the building where Assist to Sell was located. I don't believe they are in business at this point, at least in North Port.
I don't think there are existing discount brokers. If any one knows of any discount real estate brokers in the area, please blog here or let me know.
The Olde World Restaurant is nearby. There are for sale signs on the building where Assist to Sell was located. I don't believe they are in business at this point, at least in North Port.
I don't think there are existing discount brokers. If any one knows of any discount real estate brokers in the area, please blog here or let me know.
Tuesday, July 14, 2009
Discount Full Service Realtor
If you are considering a full service Realtor at a discount, find out what you get, and what you pay for. It sounds simple, and it is simple.
Friday, July 10, 2009
Should I hire a Venice, Sarasota County Realtor?
That is the bog question isn't it? Can you do it alone?
Again, your decision needs to be on what you can and cannot do with your skill set. Where are you in the sales process? Are you just thinking about it? Have you already started?
The statistics are that most For Sale by Owners nationally will eventually list their home with a Realtor. That's why you are getting all those calls from Realtors in Sarasota, Venice, or in some cases from the East Coast of Florida. Realtors know you have to sell and they will try to get the business. They are real estate SALES people.
To sell your home it needs to be priced right. The Sarasota Realtor will certainly be the best person to determine the market value of your home. It is because they have the best tools. The best tool, as we've discussed in a prior FSBO entry on this site, is access to the Venice or Sarasota MLS sold data. It is the most current most up to date sales data in your area. Using that comparative pricing, comparing your home to the homes that sold in your neighborhood at what price, gives you the best, most accurate, most up to date pricing.
You need to decide whether or not you want to hire a Realtor. You certainly need this critical information; the up to date comparable Venice or Sarasota Real Estate sales information for good, market sensitive pricing.
Again, your decision needs to be on what you can and cannot do with your skill set. Where are you in the sales process? Are you just thinking about it? Have you already started?
The statistics are that most For Sale by Owners nationally will eventually list their home with a Realtor. That's why you are getting all those calls from Realtors in Sarasota, Venice, or in some cases from the East Coast of Florida. Realtors know you have to sell and they will try to get the business. They are real estate SALES people.
To sell your home it needs to be priced right. The Sarasota Realtor will certainly be the best person to determine the market value of your home. It is because they have the best tools. The best tool, as we've discussed in a prior FSBO entry on this site, is access to the Venice or Sarasota MLS sold data. It is the most current most up to date sales data in your area. Using that comparative pricing, comparing your home to the homes that sold in your neighborhood at what price, gives you the best, most accurate, most up to date pricing.
You need to decide whether or not you want to hire a Realtor. You certainly need this critical information; the up to date comparable Venice or Sarasota Real Estate sales information for good, market sensitive pricing.
Wednesday, July 8, 2009
Real Estate Attorney?
Yes, Real Estate Attorney's can help you. There are some things the can do and some things they cannot do.
Attorney's can write the contract for you. A Real Estate attorney has experience in writing and negotiating contracts. The contract a Real Estate attorney will prepare will be legally binding. The contract will most probably consider all of the things that a contract on a real estate transaction will require. They will not leave anything out.
The attorney does have to represent one party or the other. That means while you may want to have an attorney prepare a contract to the mutual understanding of the parties, there will be one party, the party who brings the attorney the deal, who may very well benefit from doing so. It may be a slight issue. It might be a major issue disguised as a minor issue. But in either case, the other party beware!
In addition, a Real Estate Attorney has the legal authority to actually close a transaction. While in " title states" (Florida is a "title state") a real estate closing is usually done at a title company.
One thing an attorney cannot help with is valuation. I have seen deals where attorney's put in there opinion of what a property is worth, and end up losing the deal for the buyer client. Also, in preparing a market price, attorneys have no access to MLS, a lockbox key, or other ways to help you with valuation.
In addition, attorney's generally are not known for marketing skills, and usually have had absolutely zero training in marketing.
So, yes, an attorney can be helpful to a FSBO seller. An attorney can be helpful to a For Sale By Owner Buyer. Do yourself a favor and know when it works best, for whom, and what specifically they will do.
Attorney's can write the contract for you. A Real Estate attorney has experience in writing and negotiating contracts. The contract a Real Estate attorney will prepare will be legally binding. The contract will most probably consider all of the things that a contract on a real estate transaction will require. They will not leave anything out.
The attorney does have to represent one party or the other. That means while you may want to have an attorney prepare a contract to the mutual understanding of the parties, there will be one party, the party who brings the attorney the deal, who may very well benefit from doing so. It may be a slight issue. It might be a major issue disguised as a minor issue. But in either case, the other party beware!
In addition, a Real Estate Attorney has the legal authority to actually close a transaction. While in " title states" (Florida is a "title state") a real estate closing is usually done at a title company.
One thing an attorney cannot help with is valuation. I have seen deals where attorney's put in there opinion of what a property is worth, and end up losing the deal for the buyer client. Also, in preparing a market price, attorneys have no access to MLS, a lockbox key, or other ways to help you with valuation.
In addition, attorney's generally are not known for marketing skills, and usually have had absolutely zero training in marketing.
So, yes, an attorney can be helpful to a FSBO seller. An attorney can be helpful to a For Sale By Owner Buyer. Do yourself a favor and know when it works best, for whom, and what specifically they will do.
Friday, July 3, 2009
Venice FSBO - Going it alone
Going it alone as a for sale by owner, or FSBO, is difficult. This will not be breaking news on the Real Estate Reports, or at the next meeting of the Venice Area Board of Realtors.
The FSBO has to deal with issues that can be handled, and some that cannot. It's a little more complicated than just making sure you have a sign, a balloon, a cookie and a candle. You must find a buyer, write a real estate contract, and close the transaction.
Let's take writing your contract. What will you do here? A contract is a legal document. I am not an attorney. However, contracts are essentially agreements between two parties, put in writing. This is the same for anywhere in the country. Contracts are an area of law studied by attorneys in law school and tested on the Florida Bar Exam. There are legal issues that make a contract valid, void, or voidable. There are items which need to be included in the contract to make it an agreement, a legally binding agreement, a valid real estate contract in Sarasota County.
Real Estate contracts can be found at Staples, Office Depot, and possibly your neighborhood Venice stationery store. They can also be found at Real Estate Attorneys and, of course, the local Venice Realtor you may be trying to avoid.
The documents at the stores come with blanks to fill in, and are generic for every state. They come with the fear that not everything is covered. And, you will not be surprised that, when putting together a generic real estate contract for every state in the United States, not every issue relevant to Florida real estate contracts is considered. You could very well be vulnerable, and at risk with your buyer down the road with a lawsuit for something that was not done right or omitted. This could happen even with the best intentions.
On the other hand, the contracts available at the Realtors office and the Real Estate Attorney's office done come with fear. They come with something else. A qualified professional who knows how to complete them.
The FSBO has to deal with issues that can be handled, and some that cannot. It's a little more complicated than just making sure you have a sign, a balloon, a cookie and a candle. You must find a buyer, write a real estate contract, and close the transaction.
Let's take writing your contract. What will you do here? A contract is a legal document. I am not an attorney. However, contracts are essentially agreements between two parties, put in writing. This is the same for anywhere in the country. Contracts are an area of law studied by attorneys in law school and tested on the Florida Bar Exam. There are legal issues that make a contract valid, void, or voidable. There are items which need to be included in the contract to make it an agreement, a legally binding agreement, a valid real estate contract in Sarasota County.
Real Estate contracts can be found at Staples, Office Depot, and possibly your neighborhood Venice stationery store. They can also be found at Real Estate Attorneys and, of course, the local Venice Realtor you may be trying to avoid.
The documents at the stores come with blanks to fill in, and are generic for every state. They come with the fear that not everything is covered. And, you will not be surprised that, when putting together a generic real estate contract for every state in the United States, not every issue relevant to Florida real estate contracts is considered. You could very well be vulnerable, and at risk with your buyer down the road with a lawsuit for something that was not done right or omitted. This could happen even with the best intentions.
On the other hand, the contracts available at the Realtors office and the Real Estate Attorney's office done come with fear. They come with something else. A qualified professional who knows how to complete them.
Tuesday, June 30, 2009
Sarasota Charlotte FSBO Help - go it alone?
There are many ways to get help. You may way want to check out your alternatives.
You can do it alone.
You can hire an attorney.
You can hire a full service Realtor.
You can hire a discount full service Realtor.
You can hire a Flat Fee Realtor.
You can hire an MLS only Realtor.
You can hire an Hourly Realtor.
You can do it alone.
You can hire an attorney.
You can hire a full service Realtor.
You can hire a discount full service Realtor.
You can hire a Flat Fee Realtor.
You can hire an MLS only Realtor.
You can hire an Hourly Realtor.
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