"19th nervous breakdown" the everloving Stones
It has been awhile since I have posted and for that I apologize.
We have seen a very dramatic increase of activity in all markets but especially in single family homes. Condos are still a challenge but can still be obtained with diligence in financing.
The best advice I can give you is to really contemplate on what you want in a property and what price you can live with and then obtain a good buyer’s agent. A lot of buyers still think they can get a better deal if they work through the listing agent. This couldn’t be further from the truth, in Florida we are assumed to transaction brokers which means if we know what the seller will take for the property we are not allowed to share this information. However if you have a buyer’s agent they can still function as a single agent for you the buyer and any information gathered can be shared with the client. One exception of this is that if it is the agent’s listing then the agent has to convert to a transaction broker which is after all very fair.
Another misconception is this will cost the buyer to have a agent, typically the commission is paid by the seller and disbursed at closing. The upside is you have an agent working for you to find a property that you would desire, a automatic search can be built to notify you of anything in your price range with the amenities you desire emailed to you everyday until you hit upon the property. You may encounter a situation where your agent can find a “for sale by owner” and then they may ask you to pay commission, you could still very well win in that the property may be priced less than market value.
The opportunities are endless with canal homes now below 300K and the list goes on and on. We are still making a lot of short sale offers and they can be a great deal, keep in mind you have to patient to make it work, let your agent work for you.
Hope this helps and remember to hydrate!
Jim Bagwell
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