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What
Opportunity Looks Like
Can you spot the challenge with this
OPPORTUNITY?
Yes, there is a
real challenge when trying to invest or purchase real estate during the
"Prime Opportunity" curve. The challenge is that it is NOT
prime. The reason.... During the period between "Media
Attention" and "Greed" it is a Sellers Market. There is a Buyers
frenzy to catch the market on the way up and Sellers are demanding and
getting premium prices for their properties. This curve holds
true in virtually any market weather the Stock Market or the Real
Estate market.
Now lets look at the period of time between
"Delusion" and Denial". Here is where the shift from a
Sellers Market to a Buyers market takes place. Because the market
has not been able to sustain the inflationary bubble, inflated
prices adjust . A
correction back to levels of support
has been
occurring. But, where is Support....? Support is always
found where VALUE is. In Real Estate, a good indicator of
VALUE
is historical appreciation of Equity. Sometimes referred to
as "True Equity".
So, what we see
during
the "Prime Opportunity" portion of the curve is
Sellers have realized that the market is now turning in their favor and
the tendency is now to hold
out to get
that premium price. This
makes
negotiation very difficult if not impossible. The best time
to buy is not at "Prime Opportunity" but somewhere before.
Ideally, between "Fear"
and Despair".
Today, depending on which housing market (waterfront, condos,
Golf etc.) and what geographical area you are shopping, you may
be closer to "Fear" then to "Prime Opportunity". Just keep
in mind that another Paradigm shift is now occurring.
"Ownership and Rental Costs and the
Prospect for Building Equity"
From the
Center for Economic and Policy Research May 2008
In May, the Center for Economic and Policy Research
reported that a person buying a home in the Tampa Bay area today with a
6% mortgage would create EQUITY in the amount of $41, 847 in 4
years. This equity includes projected cost to sell the home but
does not include the TAX advantages of ownership.
The average cost to rent the same home was $1,150 per month or
$55,200 over the same 4 year period with NO EQUITY accumulated.
Today's Opportunities
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Foreclosures
- Pre-Foreclosures - Short Sales - Bank Repo's - Owner Liquidation's
More
Waterfront Home
Foreclosures Here
How
-To Buy Distressed Property
All
good Buys, by their very nature go quickly. Today, sellers of
distressed properties require that you show that you have the ability
to make good on your offer. They require either a letter from
your
bank
stating your account balance has sufficient funds or to be pre approved
for a loan in the amount of your offer. Once you make an offer
the
seller can just ignore it if is to low or the seller can make a
counter
offer if it is close enough to their bottom line price to interest
them. Our Suggested Offer Price is designed to get the sellers
attention.
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We Don't Represent
Property Owners or Sellers
To avoid Conflict Of
Interest with our Buyers
The
properties and information presented
on our sites is provided to prospective buyers without
charge or obligation. We are licensed Florida Real Estate Agents
and Mortgage Brokers providing a complete array of services for our
buyers. Because of the inherent Conflict of Interest in
representing both Sellers and Buyers, we represent Buyers
exclusively. The properties on our web sites are the listings of
Listings Agents that have contracted to represent the Seller. By
representing only Buyers, we can show all
properties and negotiate the very best purchase possible... for you. We
are happy to show you any
property, but do not
provide physical addressees for drive-bys for security reasons and to
protect
the owners privacy. Prices shown are our Suggested Offer Price.
When
you request information on properties from our
web sites, you agree to enter into an
Exclusive Representation Agreement with us on that
property and sign a showing agreement. Requested
information provided you is confidential and our work product. This
agreement allows us
to receive compensation paid by the seller if and when you decide to
purchase the property.
Call
WaterFrontInFlorida
1-866-200-5836
or 727-815-9114
Email Aileen@WaterfrontInFlorida.com
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