Thursday, December 31, 2009
Monday, December 28, 2009
Did things ever come crashing to a halt. The financial institutions took Thursday and Friday off for Christmas, deadlines be damned. NAR has been advising us to put 45 days in as the time period to close. It looks like I should add another 10 if it falls near a holiday.
Tuesday, December 22, 2009
Homes are selling for much less than they did in 2005 but prices aren't falling anymore. Whenever a well priced and clean home or condo comes on the market, it is gone withing a week at very close to the asking price. There are many homes on the market and many of them are asking too much for current market conditions. I've been aced out of several sales because we couldn't act quickly enough.
Saturday, December 19, 2009
Tuesday, December 15, 2009
I've been driving around Pelican Bay the last few days and what a well planned neighborhood it is. It's a nice mix of residential towers with ocean view, condos and single family homes. best of all the fees are reasonable, only around $1700 a year. Compare THAT to most other communities west of 41 in Naples.
Friday, December 11, 2009
Wednesday, December 9, 2009
Tuesday, December 8, 2009
Here's a deal I'm working. 1st mortgage is $110K, 2nd is $65K. Our offer is $90K. The first mortgage holder has agreed. The second mortgage holder, even though they won't get anything in any situation is holding the whole thing up. Their only leverage is to delay the whole transaction and hope one of us will throw them a bone. no wonder these things take so long.