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VIEW FROM THE TRENCHESNews and notes from the neatest li'l corner of the Central Florida universe. Make this blog a frequent stop for information and opportunities that rarely make it to the mainstream.NOTE: When exiting from an MLS-based hot link, click the BACK button on your browser TWICE to return to my blog. 
Tuesday, May 01, 2007
I have no idea whether today was successful or not. Four contracts for purchase were generated, and one was accepted. There are two others that are in limbo, and one which was met with a cool "no thank you." It's alright, as those who continue to insist upon last year's value for their property will have until next year to realize what has actually happened.
I am going to have to make the dreaded phone calls tomorrow... to ALL of my clients. The jist of the conversation will be to become realistic with their pricing, or sign an extension on our agreement to at least double the length of time we've originally agreed to list the property. There are owners going belly-up as we speak, and builders who've decided to walk away from the projects of all sizes. It's alarming, actually. To all ships at sea: if you're buying, don't dip a toe.... JUMP IN NOW! Rates are great, and deals are plentiful. Case in point, the dated but quite livable FOUR bedroom, 2 bath block home overlooking a lake in Deltona that we've contracted for significantly less than the $155k asking price. At less than $100 per square foot, this first-time homebuyer/single mom will not comprehend the magnitude of her purchase until she gets her mortgage coupon book and sees that her monthly payment is less than the price of renting the home! No matter the size or frequency of the big transactions I've been fortunate enough to close, it's the thrill of helping a first-time homeowner that still geeks me! Gotta go hang with the wife. Until tomorrow. Posted by: Paul @ 11:13 PM
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