Making offers on Multiple properties. Do your Buyers do it? Mine do. And here’s why.In the Central Florida market right now REOs (bank owned properties) make up a HUGE percentage of the saleable inventory of homes. Most sell very quickly, for higher than listing price and with multiple offers.  This can be very frustrating for Buyers and their agents. It seems like every time you make an offer on a REO property it is either pending or a bidding war is going on. So what do you do?What I do is have my Buyers make offers on numerous properties at the same time. We don’t even look at them. If a good property comes on the market I send an offer for my Buyer to sign and then we forward it right on to the REO agent. We want to get into the game. Last week I presented 14 offers for one Buyer al... 06/24/2009

Hi folks. Here are some excerpts from my day. Nothing special really. Just a normal day with trying to sell REOs in my market. ALL of these properties were active in the MLS and had been placed on the market in the last 48 hours.My Buyers made cash offers ALL well above asking price. Some as high as 20% above list price. Frustrating for the Buyers to say the least. Not to count the hours of my time spent writing and submitting offers. Oh well. The day is over and I am now relaxing by the pool with a good book. Enjoy!!!! This is a just a courtesy E-Mail Letting you know that we have received your offer. There are Multiple Offers on this property and we will be getting back to you within 2 -5 business days with the banks response. Have a great day. Thank you.. we just got an offer accept... 06/16/2009

What a difference 3 years makes. Right now the average price in Poinciana Florida is $73,000. You can still do 100% financing but only with VA, USDA(rural housing) or FHA with a gift from a family member or employer. 3 years ago I wrote this: (I highlighted the statements that truly show how far we have fallen) No money? No problem.  Negotiated a deal on one of my listings yesterday. The Buyer is purchasing using 100% financing with Seller paying closing costs. My market is affordable housing with the majority of homes priced from $190s to $250s and it seems like most of the Buyers lately have been purchasing with no money down. Now don't get me wrong I am in favor of home ownership for everyone but I fear a lot of the Buyers are going to have financial difficulties in the near future. ... 06/11/2009

    Property flipping in this market? You betta believe it! Legacy Dunes condos in Kissimmee are not only being marketed on Ebay but are actually selling and the investors are making a quick profit and not a bad one if I may say so myself. Are they being marketed honestly though?  It would appear from this ad that the value of the property is being misrepresented. . . This is just one of many examples of Legacy Dunes condo properties being flipped on ebay for a fast and hefty profit: Here is the original listing from the MLS showing a closing date of May 1, 2009 for $27,000 (bank owned of course) Here we are less than a month and a half later and we see this exact condo listed on E-bay for $59,000 with bids on it!!!!!! Even if this condo sells for $40,000 that’s almost doubling your mon... 06/08/2009

We provide flat fee MLS listings in the Central Florida area.  List your home in the Mid Florida Regional MLS for a great price by a professional real estate firm.  For a very inexpensive fee, we can get your for sale by owner home in front of 30,000+ Realtors in the metro Orlando, Kissimmee, and Central Florida area and millions of buyers through the internet and sites like Realtor.com, MyFloridaHomesMLS.com, OrlandoSentinel.com, and thousands of other similar real estate sites. Our service covers all of Central Florida, Osceola County, Polk County, and more, including some 29 counties in the area. From Orlando to Kissimmee to Saint Cloud to Celebration to Poinciana, we can get your property advertised. For more details including our full price list and frequently asked questions, plea... 06/08/2009

All I can say is WOW!!! Poinciana is down to 648 active listings.  Considering there were almost 1100 in January this is incredible. That’s a decline in inventory of 59%. Yowsers!!! Inventory is flying off the shelves.Here’s another goodie. There were 132 closings in May. To put that in perspective, last year from January through May, there were 162 sales TOTAL for the 5 month period. This year for the same 5 month period there have been 559 sales. That’s an increase of 345%AND…..values are UP!!! Not much. But they are up. 2.5% from April to May of this year.Now folks, I personally feel this change, while very positive, is temporary. My opinion is that another huge wave of foreclosures will be hitting the market after the summer. I truly hope I’m wrong. Anyway, lets enjoy a little posi... 06/02/2009

One of the most exciting communities that I have the pleasure to introduce to new Central Florida residents is Bellalago in Kissimmee. This community is a gated, 24 hour guarded community. The amenities include, a weight area, a junior Olympic heated pool, water slide, child water park, basketball courts, tennis courts, 1,300ft fishing pier in Lake Tohopekaliga, boat docks, two 7,000 sqft fitness areas, private academy, a residents only lakeside restaurant The Sunset Terrace Grill, picnic areas, nature trails, and bike paths. This is truly a spa inspired community.                                                    The homes are Mediterranean architecture with tile roofs. The floor plans are spacious and family friendly. There are great values in this active safe community. Included in ... 06/01/2009

The Orlando vacation home market has changed drastically since the beginning of 2009.  The inventory has been going down (Finally!) buyers are coming out of the wood works and buying holiday villa property close to Disney World and 90% of all the properties listed on the market in Kissimmee and Davenport under $200,000  are bank owned or short sale right now.  With all these new factors coming into play it’s time to shift your 2008 buying mindset to today’s reality of the market.  If you’re serious about successfully purchasing a bank owned property in Orlando for your vacation home than read on and take notes because believe it or not there’s feeding frenzy going on out there and it’s better to know now then when you get outbid on the home of your dreams. 1. The Bank Says: “Show Me Th... 05/29/2009

Has anyone else noticed that many short sales and foreclosure homes have a single, solitary, lonely image and few words of a descriptive nature associated with them? Is it because the banks are dumping so many distressed properties on a select few Brokers that they rush the process to get them on the market?  Or is it because the low price means they are not worthy of much effort? Don't buyers deserve better? Buyers wonder what they are hiding.  Buyers are not just window shopping. They are interested in the whole house. Given that 84% of them are using the Internet as their first step in finding the perfect home, the lack of photos on many of them speak volumes. Granted there are a large number of distressed properties available. And some are in terrible condition. Not photographing is... 05/23/2009

Buying an Investment property in Florida right now can be lucrative but it's not easy. Here is some information that may help.If you want to purchase a Foreclosure you will not have time to look at the property prior to making an offer. The “deals” will have multiple offers within hours of being placed on the market. If the numbers work….go for it.We suggest making strong offers and making them quickly. You may also want to make offers on multiple properties to increase your odds of getting one accepted.However, the offers must be realistic. If the property is priced right we will not write offers for less than 97% of the asking price. It’s a waste of your time and ours.Properties priced well will sell very quickly and usually with multiple offers. It is very common for them to sell fo... 05/22/2009

If you are thinking of purchasing a home in the Kissimmee, Florida area, you need to click on the link below and see what is available in Bank Owned Foreclosures in Kissimmee, Florida. Here at The Resident Team we specialize in finding that amazing deal for your home purchase. Browse the inventory with that link below. If you are Ready to Purchase a Bank Owned Home, visit our V.I.P. Buyer's Program link and sign up to get emails sent to you as soon as a home that meets your individule crirtia gets listed. Stop spending hours browsing the internet, this program will send you all the Bank Owned homes listed in Kissimmee, Florida that meet your criteria from every office.                                                   V.I.P. BUYER'S PROGRAM    Click Here.   Kissimmee, Florida Bank Owned... 05/18/2009

Everyone loves a bargain.  Yard sales, have become the new great American past time in an economy that is putting a financial strain on most families during these tumultuous times.  The benefits are two fold. It benefits the sellers by allowing them to discount unwanted or unused items and clearing them out. It benefits buyers who can purchase items they want or need at prices that are often pennies on the dollar, thereby expanding their disposable income.  But taking that mentality and applying it to the purchase of Raw Land... or Real Property is not likely to result in getting what you want, for the price you think you can.           SMALL OFFERS OFTEN HAVE DISAPPOINTING RESULTS               The process of pricing a property is quite different than placing a colorful sticker on it, ... 05/12/2009

My last post had some interesting comments about Limited Service Listings. Here's a portion of my favorite one: "I can't understand limited Service at all. It's stupid to say the least! Wreckless at the worst. Just plain neglegent at best. Limited service implies low ball commission. Either list for full service or let em go!" It's my opinion that the consumer SHOULD have choices as one size does not fit all. In addition to the Traditional Real Estate Company here are a few of the more popular choices that a consumer has. Internet Companies: This business model is basically a virtual Real Estate Brokerage. Usually they charge less commission and offer less service than a traditional Real Estate Company. These types of businesses may be a good choice for an educated consumer. I have sold... 05/08/2009

Americans live in a disposable society. Along with paper plates, plastic utensils, disposable phones, disposable razors, pantyhose, fast foods and a staggering divorce rate, we now have "Paper Houses."  Disposable housing has hit America.  Who would want to buy a Paper House?    Lenders all over America already have. Perched on pylons of a plethora of foreclosures. Disposable Income, paved the way for "creative" financing, stated Income loans, adjustable rate loans, and a flurry of buyers and investors falling like snowflakes into the Real Estate Market with high hopes of hitting the jackpot.   Remember learning how to "Flip This House"?  That was before the blizzard of bad debt froze the Market, flips flopped and the floor fell out of the Housing Market. As foreclosures hit all time hi... 05/06/2009

                          PARADISE PALMS NEW HOMES IN KISSIMMEE FLORIDA                          GET HELP FINDING KISSIMMEE  NEW CONSTRUCTION HOMES HERE                    SEARCH FOR ORLANDO NEW CONSTRUCTION HOMES HERE   Paradise Palms in Kissimmee, FL features Lennar's elegant resort vacation townhomes, which are great for second homes or vacation residences. Upon entering this vacation community magnificent entry with fountains and waterfalls you will be greeted by stunning sights and sounds of a true tropical paradise. Every one of these exceptional luxury vacation townhomes are built with their own swimming pool. In addition, each townhome includes decorator selected fully furnished interiors, screened enclosure for the heated swimming pool, ceramic tile floors, and much more! When ... 05/04/2009

Good help is hard to find- How many times have you contacted a vendor only to discover "The number you have called has been disconnected"?  The economy is only partially to blame.  Florida is a transient state. People come and go at a rapid rate.  Customer service is not the best, and often people starting small businesses are underfunded and underestimate how long it will take to launch a successful business.  But, the primary reason businesses fail is lack of follow up.  Aggressive follow up is a consumer turn off- like used car salesman chasing you through the parking lot. But that is one extreme.  The other is a ready willing and able buyer who makes a request for a product or service and never gets an answer.  Or worse they have changed their phone number and you can't find them. A... 05/01/2009

An ugly yard can be a serious detriment to selling your home- it can also diminish your investment. Something as simple as dead trees and faded flowers beds suggest to potential buyers that there may be other neglected areas inside as well. MAKING THAT ALL IMPORTANT FIRST IMPRESSION You may have heard the expression Curb Appeal before.  But what does that really mean?  It is the First Impression someone gets when viewing your home.  An unsightly unkept yard or garden, has little visual appeal. Worse yet, it may suggest to a buyer that other areas of the home may have lacked routine maintenance or upkeep. Even if that is not true-it is tougher sale, than those homes that have pleasing aesthetic value. While the thought of doing laborious clean up may be daunting, it is also a task that h... 04/30/2009

Who doesn't want to have wealth?  The simple truth is many people will miss the opportunity to build wealth in their lifetime.  Why?   Fear.    The simple secret to building wealth is timing.   Opportunity combined with timing is what affords the population at large equal opportunity. The sad truth is.. most people will not take advantage of it.  Basically it amounts to two things. Either recognizing that the timing is right and taking the opportunity when it is available or being fearful and making excuses.           WHAT SEPARATES THOSE WHO SUCCEED FROM THOSE WHO FAIL   There ae always 100 reasons NOT to do something.  Successful people are by nature risk takers with one thing in common. They are risk takers who do their homework and thereby decrease the risk and increase their chance... 04/27/2009

  Read The Full Article Here: www.ThePinkFlamingo.info If you’ve spent any time shopping for a vacation condo in Kissimmee lately than you’ve most likely run across a community called Legacy Dunes Condos.  With prices starting in the $25,000 range you just can’t resist the urge to click on the picture and get more information.  You’re first thought upon looking at the appealing photographs of Legacy Dunes may be, “Wow! Why are these so cheap? What’s the catch?” and you’re instinct is to click on the “get more info” buton.  Allow me to save you the time and hype and lay it out on the table for you: Why are Legacy Dunes Condos in Kissimmee So Cheap? Reason #1: Legacy Dunes Condo Association Fees are Very High  for What You Are Getting Now I’m not against Condo fees like some of you may th... 04/16/2009

  Hi folks. I wrote a post over two years ago titled “Let the Games Begin”. In this post I was pointing out that Poinciana was beginning to be a declining market and that Appraisers were making downward adjustments for this. It created quite the stir. For whatever reason there were many who commented that felt this was not happening and would never happen. Well…..it was and it is.I reviewed an appraisal today where the appraiser made a downward adjustment of $150 PER DAY on the recent sales. Just to give you an idea of how this works. One of the sold comparables that was used closed in November. The adjustment was -$20,000!! The same house had a pool and it was adjusted -$8,000.So what do you think about that? $8,000 for not having a pool and a whooping $20,000 for being a 5 month old ... 04/16/2009