Real Estate Recovery in Florida

What is it going to take to accelerate a Recovery in Florida? Well the answer is hard work! We now have record setting low interest rates &reduced pricing working for us however we have diminished Inventory and much tighter lending criteria working against us. As Realtor's we have the power to effect change in both those negative areas. 1. DIMINISHED INVENTORY: Get out there and contact your previous clients that had given up on selling and bring them up to speed as to the markets status. Prepare a new CMA for that client and maybe consider a new pricing strategy giving careful consideration to a possible price increase from past numbers. To get prices to improve you first have to get these sales numbers up and at the same time effect an actual sale. You also will need to get out of the office and work the FSBO market. There arn't as many out there as in past years but they are still out there. 2. TIGHTER LENDING CRITERIA: Sit down with you buyers and review their credit situation. Get them oriented with one of your favorite lenders picking one that fits for their personal credit situation and move them forward on becoming pre-qualified. Spending the time up front and maybe waiting a few months to actually find them a property can avoid the embarrassment of a busted deal. In the last 10 years of selling Real Estate in Lakeland Florida I have customized a system of working with buyers and sellers with great success. Very rarely do I have a deal fall apart if my clients actually adhere to my advice. It is up to the Real Estate Professionals to make this Recovery a Reality. To quote a famous Pitchman "I KNOW YOU CAN DO IT" (Trivia Pursuit: Who is that Pitchman?) TODAY: AVERAGE 30 YEAR FIXED RATE MORTGAGE 3.79% AVERAGE 15 YEAR FIXED RATE 3.04%!