Saturday, August 25, 2007

Buy Low, Sell High

Human nature repeats itself in the stock market and now the real estate market. Prices are at their lowest in 2 years and more buyers than not won't pull the trigger. The hesitation to buy at these great prices is prevalent. The market upswing will invariably occur after the prices increase. Whether its stocks or homes, those brave souls that start the movement by buying at the bottom create their own success and take the largest return.

We've just finished our first really slow summer season of the past 5 years. There's a huge excess of inventory. There are bargains to be had and deals to be made. Make offers now.

Interest rates haven't risen yet. If you're a credible buyer, if you can secure a loan, as a buyer to a seller, you are golden.

The time of seller capitulation is here. This may be the best buying opportunity that we've seen in our market in years.

Tuesday, May 29, 2007

Gainesville Median Price Difference Back in the Positive

"Despite continued large inventories of homes in the Gainesville area market, the median price difference was back in the positive in April after a rare dip in March."

http://gainesville.com/apps/pbcs.dll/article?AID=/20070526/LOCAL/705260371/-1/today

Monday, May 07, 2007

How low will you go?

Recent article of interest:

How low will you go? Some interesting advice from local agents.
http://gainesville.com/apps/pbcs.dll/article?AID=/20070506/DAYBREAK/705050307/-1/today

If You're in the Market for a New Home:
http://www.parade.com/articles/editions/2007/edition_05-06-2007/New_Home

How to Make Your Home Sell Faster:
http://www.parade.com/articles/editions/2007/edition_05-06-2007/10_Tips

Is it Time to Buy or Sell?
http://www.parade.com/articles/editions/2007/edition_05-06-2007/ABuy_or_Sell

The news isn't all bad - especially in Gainesville

(Excerp from the International Herald Tribune)

"Statewide, condo sales fell 32 percent in March and single-family existing homes were off 28 percent compared with the same period a year ago, according to the Florida Association of Realtors.

Yet some smaller cities are faring better than large ones. Jacksonville and Gainesville in the north, for example, which did not experience rampant overdevelopment, have not felt the impact of the downturn as much as has southern Florida, where high-rise condo construction was largely fueled by speculators. "


Click here for complete article: http://www.iht.com/articles/2007/05/07/business/florida.php