Broker Bryant’s July Market Report. Ouch!!!!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Hi folks. Yesterday was the day I did my monthly market update to send out to all of my Sellers. I put these updates on my other blog BrokerBryant.com and then send the link out to my customers. I’ve found this to be a very good way to utilize a blog. By writing articles and then linking to them it really makes our jobs easier and shows our customer/clients that we are on the ball. So if you are not using your blog as part of your communcations you need to start. It’s a little harsh but my Sellers need to know these things. Here it is:

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OK, it’s time for Broker Bryant’s July market report. Let’s get right into the stats for Poinciana Fl including all of the 34758 and 34759 zip codes. As of today, there are 1,712 houses on the market. Of those, 616 are priced less than $200,000….259 less than $175,000 and 80 priced less than $150,000. Folks this was unheard of 12 months ago. Property values are coming down and they are coming down rapidly! Out of the 1,712 houses on the market 628 were built in 2005 or later 1,287 were built in 2000 or later.

In July of 2006 there were 116 closings. In July of 2007 there were 47. That’s a decrease of 60%. No surprise. It’s been down 60% all year.

From 1-1-06 to 7-1-06 there were 926 closings. This year same period 377. Again a 60% decrease in closings. Out of the 377 that have closed 138 of them were less than 2 years old.

Now folks, what does all of this tell me? Simple. Poinciana is in dire straights. If your property is not priced BELOW market value, it will NOT sell. Period. You will not get lucky. If you don’t NEED to sell, take it off the market. If you NEED to sell, lower the price until it sells. Call me and we can discuss a strategy to get it sold. Just don’t be caught off guard if I suggest a very low price. The market is going to get worse. This is a long term down turn. Things will NOT be changing anytime in the near future.

OK, now that I got all that negative reality out of the way, let’s talk about what Tutas Towne Realty has been doing. My business has actually picked up some since the beginning of July. We had a few closings in July and have several more properties under contract to close over the next couple of weeks. I currently have 25 homes on the market.

I have been updating and adding on to my Internet advertising for your properties. All of my listings can now be found on Craigslist and numerous other web sites. Here’s a link to an article I wrote with this update. So, I am continuing to move forward to try and get some of your properties sold in due course.

Now lets get to the big issue in Real Estate right now. The mortgage market. Folks, I’m not a mortgage expert nor am I a big economics guy but let me put the current state of affairs in a nutshell for you. The mortgage market is crashing. Over 100 major lenders have gone belly up since the beginning of the year. This week American Home Mortgage filed bankruptcy. They were a HUGE lender and did tons of loans in Poinciana. The sub-prime market is no more. If a Buyer doesn’t have money and good credit they will not be buying a home. It’s simple: No available mortgages…No Buyers…No sales. Here is an excellent article that you need to read. It will put this crisis in terms you will understand. Again, it ain’t purdy AND it’s getting worse.

We are now smack dab in the middle of the worse real estate market in 20 years and, in my opinion, Poinciana could be the worse real estate market in the Country. Some of you may remember interest rates as high as 18% in the late 80s? Well hold on tight. Major change be a comin’.

Well, let me see if I can end this on a positive note. Folks, as always, I will do every thing I can to get your properties sold. We have to work together to get through this. I can’t perform miracles but I can keep you informed with what’s going on and help you to price your properties accordingly. Things are changing daily. Heck, we may reduce your property and a week later I may call and ask for another one. Bottom line: The market is what it is. I can’t get you equity that doesn’t exist. BUT if we work together I can get your equity out before there is none left.

Here are some links to some of the new web ads I have been working on:

Video tours

Postlets

MLS listings

Please feel free to give me a call with any questions or suggestions. 

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So what do you think? Too brutal? I’ve actually already had two of my Sellers call REQUESTING price reductions! Folks, we are doing our customer/clients a disservice if we are not being brutally honest with them about this current market. They MUST know these things. We are getting paid for our experience and knowledge. So if you haven’t already I challenge you to contact your Sellers today and lay it out for them. Have you? Will you?

You’re so vain……..or not!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

OK, this post was inspired by Chris Tesch’s post “A Note To My Competition”. If you haven’t read it take a minute to do so. Her post and the comments got me to thinking. I hate it when that happens!! I’m getting old and too much thinking hurts my head. BUT…..for you guys…..I will suffer.

I’m going to write a little bit about marketing/advertising and how it relates to our specific markets. As most of you know, I have written quite a few posts about the things I do to generate business and the ads that I run. I currently run three different print ads and spend about $1,000 a month to do so. Two are geared towards Sellers and are in monthly advertisers that are very specific to my market area and the third is a couple of pages in a “free home guide” and display my listings for Buyers.

Chris’s post was basically about how print ads are…well, here’s what she wrote, “Advertising in the magazine is, at best, fodder for the ego.” Now I guess the ad Chris was referring to was more of a “vanity ad” than anything else. By that I mean, a pretty picture of the REALTOR® and a short bio with achievements. These are agent centric ads and not so much consumer centric ads. Chris was making the point that this is old fashioned and a waste of money.

Now before I go any further, I want to say that I am NOT disagreeing with Chris. I don’t know Chris’s market and print ads, where she’s at, may very well be “fodder for the ego” but that brings me to the point of this post. ALL markets are different. What works for me, in Poinciana Fl, may or may not work for you. And what works in your market may or may not work in mine.

Let me give you a few examples:

  • Web sites and Internet advertising (Craigslist, etc..) According to statistics about 80% of home buyers start their search on the Internet. That certainly sounds like we all should be on the Internet. Well….I don’t work with Buyers and I don’t want to start. I do have a pretty big Internet presence but it is NOT a major part of my business. I only work with Sellers. Sellers, at least in my area, do not search the Internet to locate a REALTOR®. If I stopped all of my Internet stuff tomorrow it would NOT affect my business one iota. 50% of my Sellers, right now, do not even have an Email address. Your market may be completely different.
  • Print ads: In my market print ads are a must. The two monthlies I run are both “vanity ads”. Nothing in them but my photo, company name, my contact info and a very brief blurb about listing with me. That’s it. BUT they are both delivered to every residences in my market once a month. I’ve been in them for about 10 years. When folks want to list their house they pick up the ad and call me. My other ad in the “free home guide” has nothing in it but my listings and contact info. My market is 30 minutes from Disney. When folks are down vacationing they grab these magazines at the grocery stores and take them home with them. Then they call me and I pass them over to my Buyers agent. This magazine is my BA’s best lead generator. One closing pays for the ad for the year.
  • Open houses: These do not work in Poinciana Fl and are a waste of time. Poinciana is not a destination market. It is a price driven market. Most folks buy in Poinciana because they can’t afford to buy closer to Orlando. Folks do not sell a house in Poinciana to buy a bigger home in Poinciana. They sell to move out of the area. And because of this you just don’t get a lot of folks riding around attending open houses. This doesn’t mean an open house wouldn’t work in your market. I would imagine in a more upscale or desirable market they would be very effective. Have you tried?
  • Expired listings letter: This for me, is by far, my biggest money maker. I get tons of business off of my one simple little letter that I mail out everyday. My letter is designed specifically to address the concerns that Sellers, in my market, have told me over the years. My letter may look very simple and very basic but I can assure you it has years of experience behind it. Every sentence has a purpose. But…it may not work in your market.

The point I’m trying to make is, you must know YOUR market. There are NO one size fits all marketing plans. And if someone says there is, then they are trying to sell you something. You have to define who your market is and then personalize your marketing towards those folks. If you are trying to get listings then why are you spending all your money advertising houses for sale? It doesn’t make any sense.

Here’s a little tip for you: “Buyers are moving INTO  your market, therefore your marketing efforts need to be OUTSIDE(pull) your market. Sellers are moving OUT OF your market, therefore, you want to be marketing IN (push) your market.” Does that make sense? It does in my market. Does it in yours?

All content copyright © 2007 – Broker Bryant Real Estate Ramblings

Bertha Does Hawaii!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Hi Folks. It’s Friday funny video time!!! Sally “WooHoo” Cheeseman was kind enough to send Blogging Bertha a Hawaiian exercise kit a few weeks ago. I guess she knew Bertha has been struggling with her “spreading buttocks” and WooHoo wanted to help. Bertha is very excited and has been practicing everyday. She decided today was the day she would give you a glimpse of her new exercise routine. So with no further ado……here’s Bertha! Turn your sound on and enjoy!!!

WARNING: Please clear your computer area of any beverages that may spill or could be projected from your mouth. We take no responsibility for computer damage.

DISCLAIMER: This character is fictitious and completely a figment of our imagination. Any resemblance to folks either past or present is strictly a coincidence. Or not!


Online Videos by Veoh.com

More videos from ROAR! Productions.

All content copyright © 2007 – Broker Bryant Real Estate Ramblings

 

To subscibe or not subscribe? That is the question.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Hi folks. Ok today, I'm going to write a boring post about blogging on ActiveRain. I don't do these that often so allow me a little personal indulgence today. This post was inspired by the little glitch in the system earlier this week that enabled us to see who had subscribed to our own and to other member's blogs.

Now folks, I have to say I hated it!! I found it to be very intrusive and in my case very embarrassing. Intrusive because it is none of my business who subscribes to your blog and embarrassing because I have so many folks that have subscribed to mine and I have not subscribed to theirs. I know I haven't subscribed back because I have 447 subscribers and I only have about 150 or so that I have subscribed to. Those figures are way out of balance. Does that make me selfish?

I was real pleased when they changed the system back so you can't see my subscribers. In all honesty, I still have not looked to see who is subscribed to my blog and I have no intention of doing so. I just don't want to know. Is that weird?

Now, let me tell you why I haven't looked. I truly believe that no matter how hard I try not to, if I know, it will make me biased. I'll feel obligated to subscribe back to folks I may not even know and I'll be upset that someone didn't subscribe to me who I thought would have. Human nature can be a very powerful force and I don't want to have to fight it. I'd rather just not know. I'm much more comfortable just doing my own thing on ActiveRain without tainting my enjoyment with the pressure of "should I or shouldn't I subscribe to his/her blog".

My goal, since day one on ActiveRain, has been to share what I know and hopefully help some of my peers in their business. That's it. A very simple plan. I don't solicit comments, subscriptions, associations, featured posts or any of that stuff. I've found that in ActiveRain, just like life, we get by giving.

So, my only advice, for folks wanting to make a name for themselves on ActiveRain, your business or in life, is to just do your best. Be honest, work hard and have a giving soul. Don't worry about what you will get back in return. Doing this will give you peace and joy in everything you do. And that my friends is a very good place to be.

Anyway, while I have your attention, I want to thank everyone that takes the time to read and comment on my posts. I know I don't always reciprocate back and I know I may never get better at it. But it is certainly not because you are not appreciated. It's just there is only so much time in the day and as much as I love ActiveRain I also have a business to run and a loving wife to take care of.

I do promise to keep doing my best and I will continue to write stuff that I hope will help you in your business, make you think or at least make you smile. And as always, feel free to email me with any Real Estate questions or if you just want to run an idea by me. Many of you have and you know I will respond back quickly. Just don't spam me!!

OK that's it, Broker Bryant's Ramblings for today. Any thoughts?

***Picture compliments of Ali Payne.

Copyright © 2007 Broker Bryant Real Estate Ramblings | All Rights Reserved

The importance of a title search. Don’t get screwed!

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

In mid 2005, one of my Investors had a contract to purchase a vacant lot that he was going to build a 10 unit condominium on. At the time, we negotiated a deal for $64,000 that was accepted and we also negotiated a 90 day "due diligence" period. The lot is owned by a REALTOR®.

Once the contract was accepted we spent the next 75 days or so doing due diligence and we were satisfied that the lot would work for what my Investor wanted to do. So like a good little Broker I sent the owner over an addendum releasing our contingency and to let her know we were ready to close.

Well, during this time, values sky rocketed and a similar lot sold for $245,000!! Needless to say, my Investor was ecstatic. The owner wasn't so ecstatic and decided NOT to honor the contract and refused to close. Well OK then. She can do that but my Investor can also sue and he did. His Attorney immediately filed suit and was given a "lis pendens" on the property.

A year later, we went to mediation to try and sort things out to no avail. The only solution the Seller had was to "let the buyer get his deposit back". My buyer wanted to close. The Mediator, seeing that this would not be resolved, recommended to the courts that arbitration be waived and all parties agreed.

The Seller is now on her 3rd Attorney and more than 2 years later we still have not been able to get her into court. So we wait.

Anyway…..fast forward to yesterday. My Investor was in Poinciana and had a flash that he should ride by and check out "his" lot. Well he drove by and lo and behold there was a shiny new for "sale by owner" sign offering owner financing!

Now folks, what would happen if an unsuspecting Buyer decided to purchase this lot on a contract for deed? What if they gave this Seller $10,000 down and agreed to make payments? What if they decided not to have a title search since title was not changing hands?

Well….I'll tell you what if…..they would be screwed! They can't get clear title because my Investor has a lis pendens filed on the property. That lis pendens ain't going nowhere until a court hears his case.

The moral of the story is NEVER purchase property without peforming a title search.

Did I mention this Seller is a Broker and a REALTOR®? What the heck is she thinking? I think I'll send her this post. What say you?

Disclaimer: I am not an Attorney and have no idea how this will play out in a court of law. However, I do know a lis pendens is something that a Seller MUST disclose.

Copyright © 2007 Broker Bryant Real Estate Ramblings | All Rights Reserved

Selling the cost instead of the service.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Hi folks. Today I want to write a little bit about ABMs(Alternative Business Models) or “Discounters” as they are commonly called, not by me but by themselves and many others. Personally, I think we need to drop the term “Discounter” since real estate commissions are ALWAYS negotiable. I prefer the term ABMs.

First, I want to mention that I have NO problem with ABMs. In fact, I think the consumer should have options when it comes to who to hire and how much to pay. I welcome ALL business models and have done many transactions with folks that choose to work for an ABM.

There are many ABMs that provide very good service just as there are many “traditional” offices that do not.

I am NOT a fan of the old cliché, “you get what you pay for”. I do not believe that to be true. It’s too much of a blanket statement and certainly does not apply in many cases.

BUT……here’s my problem. I know many ABMs that will argue with you that they provide just as much service as a “traditional” brokerage only at less cost to the consumer. I agree that in some instances this is a true statement.

However, if this statement is true, then why “pitch” the discount instead of the service provided?

Here are examples lifted directly from the web sites of two national franchises:

  • Created 30 years ago, the xxxxxxx model was the pioneer for providing an alternative to the dated 6% commission structure, something that had virtually gone uncontested for years in a market overrun by a monopoly of traditional brokerage firms. (bolding is mine)
  • We discovered that by CHARGING LESS, more sellers choose our company. This gives us the opportunity to offer more homes for sale, which of course helps to attract more buyers. We can afford to make less per sale since we sell so many more homes. In other words, VOLUME! Everyone benefits at xxxxxxxx. (bolding is theirs)

In the first ad they are basically selling their business by “cutting down” traditional brokerages. In fact, they are calling traditional brokerages a monopoly and out dated. Why? Is their service not good enough to stand alone?

The second ad is doing nothing more than selling the “discount”. An astute consumer would also see that they are taking listings in “volume” in order to use them as “bait” for Buyers. Why advertise that way?

My question is, why not advertise the service provided and what you bring to the transaction and then use the “discount” as the icing on the cake?

Maybe I’m missing something here but these ads sound very negative to me. They are attempting to sell the cost before they have sold the service. In my World, that won’t work. So what am I missing?

Copyright © 2007 Broker Bryant Real Estate Ramblings | All Rights Reserved

 

Hi folks. Earlier today I was preparing my listing presentation for an appointment tomorrow morning. It reminded me of why I LOVE working expired listing.

First, if you solicit expired listings everyday you will get appointments. In fact, you’ll get a bunch of them. And that’s a good thing as I get to spend a lot of time researching the MLS and practicing my presentation.

And secondly, expired listings are challenging. The reason the listing has expired is almost always pricing. I don’t care how good the REALTOR® was if they didn’t price the property properly…it will expire. Then I get to step in.

Getting Sellers to price properly can be a big challenge. Fortunately, it’s the part of my job I enjoy the must. It’s a real good feeling when you can get the Seller to “see the light”.

Surprisingly it’s not as difficult as you would think. More times than not the Sellers are ready to listen to reason by the time I get there. After all, I’m always the second REALTOR® and sometimes the third or fourth. So they have already experienced a period of no showings.

By the time I get there they are usually a little more anxious to get their property sold and move on with their life.

The Seller, I am meeting with tomorrow morning, has already had their property on the market for 8 months. There have been no showings.

My challenge is that the property is currently listed at $182,500 and my analysis tells me it needs to be at $125,000!!! And that assumes it’s in excellent condition.

So, my goal tomorrow, is to get a 30% price reduction. That’s a pretty substantial reduction but is certainly achievable. They have enough equity to price right I just have to present the cold hard facts and get them to agree. It should be fun.

The sad part is that if they would have priced at around $150,000 or so, when they first placed it on the market, it would probably have already sold. By overpricing they have already cost themselves about $30,000, or 20%.

That’s the reality, that as a professional, I have to get them to understand. It’s a tuff job but it’s why people pay me.

So folks, if you need experience with listing presentations and pricing, my advice is to start working the expired listings market. You may not be able to list them all but you will certainly get a great education. So go for it! I know I will.

I’ll come back tomorrow and let you know how I did. Think I can do it? I do.

Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Agent

Copyright © 2008 www.brokerbryant.com | All Rights Reserved

"We don’t have any money or credit. Can we steal your house?"

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

DON'T MAKE A MISTAKE!!! CALL BROKER BRYANT FIRST.

 

Hi Broker Bryant,

I heard back from Ms D. Reamer and this is what she said to me:

Hi , Mr Desperate Seller we are very interested in the property but we can only give a month rent and some type of a deposit. I know that rent to own requires a larger down payment but maybe we can work something out we are responsible and have two children having a home would be a very important step for us. We can take over mortgage payments with you as the loan holder and of course everything would be in writing and the house would be registered under us through the county. in order for me to move out of my apartment without having to pay 2 months worth of rent I would need to supply them with a HUD 1 form that they typically give at a closing either that or I would have to wait till June which is when my lease is up. I am new to all this. I've never owned a home but currently do not qualify for a loan and don't have a lot of money.

Let me know if this is something that you would be willing to work out.

Yours sincerely
Ms D. Reamer

Hi Desperate Seller,

It sounds to me like she would be a better candidate for a straight rental than a lease purchase. And certainly she couldn't put the property in her name or assume your mortgage. Your mortgage has a "due on sale" clause that would prohibit this.

Let me see if I can explain these things to you with out writing a novel 🙂

A lease option is when you agree a sales price(option price) now and the tenant has the option of purchasing your home, at that price, at a future date. In the meantime they are tenants. An option has to have a non-refundable deposit(option money) to be binding. For example, Ms D. Reamer wants to buy your house and you agree to give her an option to do so at $150,000. In the meantime, she agrees to rent the house. She would put a $5,000 option deposit and would be a tenant. Anytime during the option period(say two years) she has the "option" to buy your house at the agreed upon price. She could also sell it and pay you your money. If she decides to not take her option to buy the house she forfeits the deposit. If she buys it the option money is applied towards the purchase price. If she doesn't pay the rent she can be evicted and will loose her option money.

Rent to own is a different animal all together. Let's say you agree to sell her the house at $150,000. She would give you a down payment and the balance would be paid just as if she was getting a mortgage. Usually the mortgage would have a balloon payment(final payment) due in 2 to 3 years. This means she would have that amount of time to refinance and give you your money or she could sell the property and give you your money. From the day she takes possession she has ownership rights. Which means she would be responsible for maintenance, taxes, insurance and the mortgage payment based on how much you sell the house for. If she is ever more than 30 days late on the rent the agreement converts back to a rental and you can evict her. BUT sometimes they can fight this(because you took away ownership rights) which means you may have to foreclose instead of evict.

The advantage to the buyer/tenant, in either one of these scenarios, is that they control all future appreciation. This is because you are agreeing on a price now for a future sale. If the value goes up they win. If it goes down they still win because they can walk away from the property.

Personally, I would only do either of these if they were able to give me a substantial down payment i.e. $5,000 or more. The money up front is really the only advantage over just doing a straight rental. Does this make sense?

Ms D. Reamer seems to be coming across a little more knowledgeable than she is letting on. Talking about HUD statements and registering the house with the county is not something just anyone would know about. For me that's a red flag. Based on her response to you she is suggesting taking over ownership of your property without having to give you more than $2,000 or so. That's not something you can do because it would place you in the position of having to foreclose if something went wrong and that could cost you a lot of money. That's a risk not worth taking unless she has a good chunk of change to put up as incentive for her to make the payments on time and take care of the property.

If she has no money and no credit then she MAY be a tenant but certainly nothing more.

Do you know if she is in the area? Does she know where Village 7 Poinciana is located? Maybe the first step would be to show her the house. THE END

FOLKS, BE VERY CAREFUL OUT THERE!!!!

Sell Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Agent

Copyright © 2008 http://www.brokerbryant.com/ | All Rights Reserved

Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://www.brokerbryant.com/
***The content of this blog is solely my opinion***

Is ActiveRain truly a Crap-A-Rama?

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Stoopid is what stoopid does!!!Hi folks. I haven't written a post about ActiveRain in a long time so thought I would do it today.

I don't know how many of you guys venture out into Blogdumb, but if you do, you'll notice that a lot of Bloggers seem to have a problem with ActiveRain.

During the almost 2 years that I have been blogging here, we have been called, by the "upper echelon Bloggers" sheep, lazy, stoopid, inept, point mongers and a myriad of other less than flattering names.

Of course, this is nothing new, it's been going on pretty much since ActiveRain came into existence about 2 years ago.

I wonder why that is? I've been trying to get my head around it but keep getting back to the same old thing, "Do I really give a crap what others think?" Nope I don't. Folks are entitled to their opinion. The reality is, writing about ActiveRain is a good way to drive traffic to your blog AND……if we are so stoopid then why waste time writing about us anyway?

Anyway, this post is about all the excellent benefits that blogging on ActiveRain can give you if you participate and use it to it's full advantage.

  • ActiveRain has awesome SEO power!! Now the outside Bloggers harp on the fact that their outside blogs can achieve the same thing. Well…of course they can. I know because I have one at http://brokerbryant.com that ranks higher than AR for most Poinciana searches and has a Google PR4. The key is to have both an outside blog AND an ActiveRain blog. ActiveRain is just a piece of the puzzle. Why should we have to choose?
  • ActiveRain is an awesome platform for networking with our peers. I've read quite a few outside blogs that state we spend too much time talking amongst ourselves. Well…of course we do. One of the best parts of AR is the ability to build relationships with our peers. ActiveRain members are my friends. How can that possibly be construed as being a bad thing? It can't. Unless of course you were a member that no one wanted to network with. If that's the case, then maybe you should check YOUR attitude. Not question ours.
  • ActiveRain is great for generating consumer contacts and pay checks. All I can say to this one is…that if you are not getting REAL business from participating on AR then you are doing something wrong. The consumer is here in force. How do I know? Well, I get contacts just about everyday. Some I can help and some I can't. But isn't that the same with all Internet leads?
  • ActiveRain is great for improving your Web 2 skills. Now this one really gets me. I've seen folks write about how we at ActiveRain are missing out on Web 2 and how the way we handle our business is antiquated and that we are dinosaurs. Well…OK then. ActiveRain IS Web 2. If we ARE here…then how can we possibly be missing out? We can't. This "point of view" is just flat out stoopid.

Anyway, that's my little post for today. If you need some points, and who doesn't, please feel free to tell me, "great post", "good post", "awesome post", "Way to go BB" or any of the other "stoopid" comments you want to leave. I like 'em. Have at it.

Finally, I want to thank Jonathan, Matt and the rest of the crew for giving us this awesome platform to use for free. You have truly enhanced my business and my life. THANK YOU!!!

By the way, I would be remiss if I didn't point you over to TLW's, newly staged, Crap-A-Rama Blog. That my friends is the beauty of ActiveRain. You can get your crap here…..without ever leaving. What say you?

***Graphic compliments of Danny Smith.

Real Estate Investor Opportunity in Poinciana FL.

Posted by admin December - 31 - 1969 - Wednesday ADD COMMENTS

Call me!!!

Calling all Investors!! Housing prices in Poinciana Fl. Are low. Real low. In fact, there are about 35 homes, available right now, that are less than $100,000. These are bank owned properties (REOs) and are NOT short sales. This means they can and will be purchased quickly. 

A great example is a 3 bedroom 2 bath home with 1809 sq ft living area built in 2006. This house has never been lived in and is priced at $96,900 or $53.57 per sq ft!!! Folks, that’s incredible. You can’t build a house for that price. This property would easily rent for $900 per month. I’m also sure that by the time you read this it will be sold. It hit the market yesterday and won’t last long. 

This particular house sold for $206,500, brand new, in April of 2006. The person that buys this house will get a great property at a great price. 

Now, in order to purchase a house like this, you have to be ready to make an offer immediately. When I say immediately, I mean immediately. There will be no time to go look at it. That’s why we have inspection periods. Usually you will have 7 to 10 days to do your due diligence AFTER you have placed it under contract. 

I know what your thinking, “Broker Bryant how can we buy one of those houses?” Well I’m glad you asked because that’s the reason for this post. I’m looking for Investors that want to receive details on properties, like this, as soon as they hit the market. Here’s what I’m looking for: 

  • Investors with cash, a credit line or mortgage APPROVAL and who are ready to move quickly. 
  • Investors that can show cash to close or mortgage approval, in writing, so we can submit it with the offer. Banks will not look at offers without it. 
  • Investors that are comfortable making offers without seeing the property first. 
  • Investors that have experience and the financial capabilities to carry a property a few months if necessary while a tenant is being found. 
  • Investors that are willing to sign a Buyer’s Broker Agreement and work with me as their Broker on these specific purchases. I guarantee to work hard and you guarantee that I will get paid. 

Folks, this program is NOT for first time homebuyers. I do have other programs available but this one is not for you. 

If you don’t have cash available you will more than likely need 20% to 30% as a down payment plus closing costs. We do have “hard money” Lenders available to assist you if needed. The time to get qualified is now, so, when you see a property you want you are ready to act. Time is of the essence. 

If this is something that interest you then it’s easy to participate. Just click the link at the bottom of this post and provide me with your info. I will then contact you so we can discuss your needs. Once we have talked and you are accepted into the program I will start sending over property details as soon as they hit the market. If you see something that fits into your Investment plan just let me know and I will forward over a purchase offer for you signatures. Then the fun begins!!! 

So there you have it, Broker Bryant’s Investor Program. Let’s buy Poinciana one house at a time. What say you? 

NOW TAKING APPLICATIONS!
BROKER BRYANT’S INVESTOR PROGRAM

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Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://www.brokerbryant.com/
***The content of this blog is solely my opinion*** 

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I am a licensed real estate Broker in the state of Florida. My opinions on real estate have been formed from my experiences and 15 years of working in the business. My opinions are in line with Florida Real Estate laws and the REALTOR(R) Code of Ethics. Your State’s laws may differ. So do your own homework before implementing any of my business practices into your business.