By last September, CNN reported that 1.4 million Americans had taken advantage of the 1st time home buyers tax credit. That number probably exceeds 2 million, 7 months later. There is no question that the credits spurred sales, and the papers this week have been full of reports of a last-minute frenzy of looking and writing offers.
In California, one of 2 sister states at the top of the list with Florida for its high number of bank-owned (REO) and distressed properties (including short sales), the California Assn of Realtors said 50% of all transactions in the state in 2009 were distressed.
You, as a buyer who may have missed out on the government stimulus, can still take advantage of the situation. You can deal in foreclosures, or deal in investments, but they are both an opportunity. There are some tremendous buys out there in all price ranges. Even wealthy people have financial setbacks, and that puts some high-end homes on the market at prices that will never be seen again. Distressed properties truly are an equal opportunity field.
Many agents don't want to deal in foreclosures or short sales - but I have special training in this field and a lot of belief that buyers can pick up some exceptional properties in today's market. Yes, the bank may take awhile to respond to your offer - so you just keep looking. Yes, it's more paperwork and needs persistence - that's my job, and I do it well. After all, if 50% of sales are REO and short sales, not wanting to look at them wipes out 50% of your chances to find a Daytona Beach home.
So let's work together to find you the best property - whether it is a Daytona Beach short sale, pre-foreclosure, REO, or just a "plain old home" where the seller wants to sell. I'll help you find what you want and consider our whole market for your needs. Just call or email.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.sherryarmstrong.com
www.ormondbeachscene.com
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