Hey, Hey.... The seasonal shift in the market is here. Yes, The buyers are here ready, willing and able to buy. However, They can't because the banks are holding the houses hostage. Yes, They will not answer and return phone calls and sometimes take up to 6 months to respond to an offer. What? 6 months? Yes, 6 months. Why don't they want to get these homes off their books? They appear to be just waiting for up to 6 months to get a better offer. Someone needs to tell them that that better offer is not coming.
In fact, they are shooting themselves in the foot and they don't realize it. I now am seeing buyers and other agents asking to show my listings and the first question is: Is this a short sale? When I say NO, they are so relieved. Great, we're so tired of waiting for the banks. We don't want to put an offers on bank properties any more.
Therefore, homes are not being sold because of the banks. They are holding the Housing industry Hostage. If there was a quicker response from the banks there would be an uptick in the market and housing would certainly pick-up again. Why can't we get CNN news or any of the major networks, Fox news, CBS, NBC, ABC or whomever to report of what's happening and shake up the banks. Maybe we'd get an answer to submitted offers in a reasonable time. 3-6 months is not reasonable.
About the author:
Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit http://www.jerrysellsorlando.com/ for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market.
Jerry LaRose, P.A., ABR, GRI, e-PRO, CLHMS, REALTOR® 407-580-7011
(Copyright © 2008 By Jerry LaRose, P.A. All Rights Reserved.)
Central A/C
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