Tax credit + REO + Short sales = Home sales in 2010

The formula for home sales in 2010 will be similar to 2009, at least during the first 4 months. The formula looks like;

Tax credit + REO + Short sales = Home sales in 2010

In order for this formula to be successful potential buyers who could qualify for the first time home buyer and long-time home buyers need to be aware of the limited time the tax credit is available to them. We will be getting the tax credit message out with a combination of traditional methods and online marketing.

The REO and short sale market will continue to be strong according to most reports during the first quarter of 2010. Some are reporting a huge supply of bank owned, REO property will be hitting the market during January, February and March of 2010.

In my office we enjoyed a significant increase in homes sold during 2009 compared to 2009. I expect the number of houses sold during 2010 to surpass the number sold in 2009 throughout the Orlando-Kissimmee Central Florida area.


Related Florida real estate blog posts on home sales

Free report on why your home did not sell.

Have you tried to sell your home only to find yourself in the same position as hundreds of Central Florida homeowners who were not successful? Did your home languish on the market with no buyers making offers or even interested in viewing?

What happened? Was it the advertising? The marketing? The price? The staging?

We may be able to help you determine what the reason or reasons were that prevented your home from selling. Nothing is more frustrating than wanting to sell your home only to find that no one is interested.

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• Market conditions surrounding your specific location.
  
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• An in-depth price point analysis.

Our report will thoroughly examine the previous promotional, marketing and prospecting techniques used to attract a buyer for your home. We will then provide a written report outlining suggestions, recommendations and include a complete marketing plan that, when implemented, will put you in a better position to sell your home regardless of market conditions.

The report is free. If you are still interested in selling your home then I strongly encourage you to take advantage of our free report.

Related Florida real estate views:

Does your agent have enough money to advertise your home?

Smart home sellers listen to what the market is telling them.

Real estate agent costs rise as income dwindles

- Greg Staker - Watson Realty Corp. - 407-304-0255

Orlando dominates 2008 Central Florida home sales

Orlando is dominating Central Florida for number of homes sold thus far in 2008. This comes as no surprise as Orlando is the largest Central Florida city in our marketing area.

Early numbers being reported by the Mid-Florida MLS indicate that January 2008 will see a substantial drop in Central Florida sales as compared to January 2007.

The following are a sample of homes sales thus far in 2008 in selected Central Florida cities

Orlando 204
Kissimmee 43
Deltona 27
Clermont 26
Longwood 20
Apopka 19
Sanford 19
Winter Park 18
Oviedo 17
Lake Mary 16


Related Florida real estate views:

Orlando home sales in February

Early reports show Orlando homes sales falling off the pace.

Orlando home sales down 71%


- Greg Staker - Watson Realty Corp. - 407-304-0255

The market, then and now. Has anything changed from 2005-2008

This is a blog post I wrote in September 2005. It was my 5th blog post ever and if asked back then, I probably could not have stated with certainty that I would keep the blog active. But here we are nearly 3 years later. A lot has changed and nothing has changed.

Little did I know that those 12 new listings were the seeds to an excessive listing inventory that continues to rage out of control. Over 36,000 homes for sale in the 5 county Central Florida area that we service. I also had no clue how wrong I would be in guessing that we would be returning to a "normal market". What we have experienced since the middle of 2005 has been nothing close to normal. Most of us with 20-30 years of experience have never seen a market quite like this.

At least I got one prediction right. Agents have found out, the hard way, what an expired is. It is possible that more agents today instead of asking for are demanding price reductions or releasing the listing back to those sellers who will not budge.

Has it been interesting? Tiring, a little stressful, revealing, confusing for sure. Interesting? Ask me again in 3 years.

Here is my post in Sept. 2005

We had 12 new listings to caravan this morning after sales meeting. After
going week after week after week with few homes making it past a day or two on
the market to now seeing 12 listings must be an indication of something, right?
It may just be the time of the year. Perhaps everyone is just catching their
figurative breath. If we are starting to see the end of the "putting a sign in
the yard and the home sells in a day" market, that is not a bad thing either. No
reason to fear bursting bubbles, with over 76 million baby boomers nearing or
retiring over the next several years. The Florida real estate market should
maintain a healthy glow. Add to that the fact that the West Volusia County
market has always been lower than other surrounding counties in regards to
pricing , I would expect a normal real estate market to continue and last for
the next several years to come. Of course this could mean that Realtors who have
joined our ranks within the last couple of years, may now have an opportunity to
learn what an expired listing is or how to ask for the price adjustment or how
to do a true market analysis.

Should be interesting.

Related Florida real estate views:

Orlando home sellers: giving in, selling or losing their home?

Real estate agent costs rise as income dwindles

Do you provide a CCMA for your home selling customers?


- Greg Staker Watson Realty Corp. 407-304-0255