Comments on: The High Cost of Waiting http://www.thesaundersblog.com/the-high-cost-of-waiting/ Thoughts and Opinions about the Greater Sarasota, FL Real Estate Market Wed, 11 Jan 2012 14:09:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter Salefsky http://www.thesaundersblog.com/the-high-cost-of-waiting/comment-page-1/#comment-4865 Peter Salefsky Thu, 19 Jul 2007 16:49:42 +0000 http://www.thesaundersblog.com/?p=41#comment-4865 Connecting with Buyers and Sellers is one of the most important aspects of the real estate business. The second most important aspect is building a relationship of trust. People like to do business with agents they know, like and trust. Once the client is comfortable with their agent they can proceed with confidence. As an agent, it seems to me, that in this current market, we are still one step ahead of many buyers and sellers with the "Time To Buy" campaign. I do feel, however that this is the "Time To Make Offers". Connecting with Buyers and Sellers is one of the most important aspects of the real estate business. The second most important aspect is building a relationship of trust. People like to do business with agents they know, like and trust. Once the client is comfortable with their agent they can proceed with confidence.

As an agent, it seems to me, that in this current market, we are still one step ahead of many buyers and sellers with the “Time To Buy” campaign. I do feel, however that this is the “Time To Make Offers”.

]]> By: dwl http://www.thesaundersblog.com/the-high-cost-of-waiting/comment-page-1/#comment-4859 dwl Thu, 19 Jul 2007 15:08:59 +0000 http://www.thesaundersblog.com/?p=41#comment-4859 W. Donnenwirth, you present some excellent points in your comment. Please consider for a moment, Sarasota sales the first five months of 2007 are 14% higher than the same period in 2006. While other markets in Florida posted negative numbers for the same period. May 2007 closed sales are up 56% compared to December 2006. Pending sales, one of the first indicators of a recovering market have been on the increase since January 2007. Factor in a potential increase in interest rates which will reduce buying power and see if perhaps your view may soften a little in favor of the opportunities. W. Donnenwirth, you present some excellent points in your comment. Please consider for a moment, Sarasota sales the first five months of 2007 are 14% higher than the same period in 2006. While other markets in Florida posted negative numbers for the same period. May 2007 closed sales are up 56% compared to December 2006. Pending sales, one of the first indicators of a recovering market have been on the increase since January 2007. Factor in a potential increase in interest rates which will reduce buying power and see if perhaps your view may soften a little in favor of the opportunities.

]]> By: W. Donnenwirth http://www.thesaundersblog.com/the-high-cost-of-waiting/comment-page-1/#comment-4531 W. Donnenwirth Wed, 11 Jul 2007 16:53:42 +0000 http://www.thesaundersblog.com/?p=41#comment-4531 As a potential out of state purchaser of a home in the Sarasota area, I am troubled by the constant "Time to Buy" harangue by the realtors. Yes, interest rates may go up but, if history is any indication, there will be opportunities during the life of the mortgage to refinance to a lower rate. However, if one purchases a property at too high a price, there is no similar opportunity to correct the mistake. Right now the absorption rate on houses in the MLS is approaching two years and each month more homes are listed than are sold. Given this environment, what makes anyone think that home prices have any place to go but down. Homes in Sarasota still reflect the run up by speculators that occurred during 2004-2005. Until home prices are reduced to reflect 2002-2003 prices, plus a reasonable return to the owner, purchasers such as me will stay on the sidelines. Right now is a "Time to Buy" only if you are a realtor. As a potential out of state purchaser of a home in the Sarasota area, I am troubled by the constant “Time to Buy” harangue by the realtors. Yes, interest rates may go up but, if history is any indication, there will be opportunities during the life of the mortgage to refinance to a lower rate. However, if one purchases a property at too high a price, there is no similar opportunity to correct the mistake. Right now the absorption rate on houses in the MLS is approaching two years and each month more homes are listed than are sold. Given this environment, what makes anyone think that home prices have any place to go but down. Homes in Sarasota still reflect the run up by speculators that occurred during 2004-2005. Until home prices are reduced to reflect 2002-2003 prices, plus a reasonable return to the owner, purchasers such as me will stay on the sidelines. Right now is a “Time to Buy” only if you are a realtor.

]]> By: Henry Shao http://www.thesaundersblog.com/the-high-cost-of-waiting/comment-page-1/#comment-4522 Henry Shao Wed, 11 Jul 2007 08:45:36 +0000 http://www.thesaundersblog.com/?p=41#comment-4522 I just published an article about Sherman Oaks real estate, in comparison to the Encino real estate market. It has lots of statistics of the key elements of those areas, such as $/sf, median days on market, etc. You may find the article at: http://realestateandhomes.blogspot.com/2007/07/comparing-sherman-oaks-real-estate-and.html Henry www.movoto.com I just published an article about Sherman Oaks real estate, in comparison to the Encino real estate market. It has lots of statistics of the key elements of those areas, such as $/sf, median days on market, etc. You may find the article at:

http://realestateandhomes.blogspot.com/2007/07/comparing-sherman-oaks-real-estate-and.html

Henry
http://www.movoto.com

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