BON VOY-A-GI

As I sit here in front of the computer, hastily typing away, I feel the long toll of the day pulsating throughout my feet. They hurt! I must say that getting ready for my mom's 70th birthday cruise has wiped me out. With so much to do, I can't believe I've found the time to write. Well if you call a quarter to three in the morning the time to write.

It is, however, my duty to bring you, my readers, a constant, consistent and cohesive chapter of today's real estate world. If it were a book it we be called, "The night of the living real estate market." You know that's kinda catchy, not too mention that last Saturday was Halloween.

In my slight state of exhaustion, I jest. It is true, though, that today's real estate market is alive and well. In fact there are several areas of real estate which have been very busy. Foreclosures, which on the the MLS is more like a quasi auction, are having a huge impact on the market.

Short sales, as slow and tiresome as they are, do eventually close.

RADIO CHECK: The short sale process, if you have the time to wait, is a good option for all three parties invloved. It allows the bank to get more than they would if the property went into foreclosure. It allows the seller to be released from the mortgage, while having a lower impact on their credit score than a foreclosure would, and it allows the buyer to tpically buy a property at a discount. Although that may start to change as new comps begin to show up and a base/bottom is developed.

Also, Don't underestimate the power of the traditional sale. I know what you're thinking, "They still have those?" Yes, they do. I, myself, just closed on two properties where neither of the sellers were in distress. The buyer in one deal, in fact, had excellent credit and brought twenty percent down, while the buyer in the other deal paid all cash. In the last year, actually, most of my deals have been either all cash or a lot of cash down. In one case, actually, the seller's brought almost a 100k to the table!

One more thing, while doing some research for a prospective seller in a upscale condo, I saw that in the past four months there were at least a dozen sales in her complex. The closed sales ranged from 600k to 1.45 million. There is definitely money out there, and it's definitely being put to work in the South Florida real estate market!

Buyers, now may be a good time to take advantage of rates close to five percent. Seller's, this may be a good opportunity to list your home for sale. For those of you who still have some equity left in your properties, there are many people actually shopping right now.

So as I set sail into the sunset today, I bid you Avior. Know that I leave South Florida with an optimistic attitude, toward today's real estate market. Yes, while that attitude can quickly and easily change to cynical or pessimistic, know that I am encouraged by the fact that there is a lot of business waiting for me when I get back. Each day brings a new sunrise and with it a new Pina Colada!

This is your host, Awesome A, signing off, and as Bugs Bunny would say, Bon-Voy-A-Gi!

Thanks for Reading!

P.S. I will update today's picture after I get back from my cruise. I should have a more appropriate shot by then. For now you are looking at one of the amazing water slides at Aquatica, in Orlando at Sea World.

Remember to check out our other websites: http://www.a1titleandescrow.com/ & http://www.lglassmanlaw.com/

Also you feel free to e-mail me at : yoursouthfloridarealtor@gmail.com