We just SOLD this beautiful 3 bedroom 2.5 bath townhouse in Coopersmith Villages. Completely remodeled with over 1500 sq ft living area. SOLD for $120,000!! I have more properties available so give me a call. 

How about this one? 6 bedrooms and 3 full baths. Over 2100 sq feet living area with a solar heated in ground pool. Large lot with no rear neighbors. Awesome home!! Can be yours. Seller will consider offers between $219,000 and $229,000. Give me a call. I'll be waiting. 

Holy moly!!!! What a deal on this huge pool home located on a cul-de-sac lot with no rear neighbors. Call me. I'll be waiting!

Paradise available!! Relax on the second floor balcony of this very unique lake house and watch extraordinary sunsets every night!  High on a hill and surrounded by miles and miles of citrus groves. Catch "lunker" bass from your front yard! Possible lease/purchase. Enjoy the show!! 

Foreclosures can be a good opportunity to purchase a property below market value but they really aren't for the inexperienced Buyer. If you have no money and need the Seller to pay all of your closing costs, then more than likely, you will NOT get a "good deal" in the foreclosure market. It can be done but you will certainly want to work with an experienced agent and you will want to make sure you have been approved for a mortgage before shopping.

You will also have to move fast. The property will be sold "As Is" with right to inspect. You will want to have it inspected and be prepared to walk away if you are not in a position to pay for repairs. You will not be reimbursed for inspection costs if you do not close.

Janet Guilbault wrote a post earlier this week about one of the pitfalls of purchasing a foreclosure, the dreaded per diem penalty!!! Unlike a normal purchase, if the closing is delayed the Buyer will be required to pay a penalty for every day the deal doesn't close beyond the contractual closing date. This is usually $100 to $200 per day! And if you can't close it at all......kiss your deposit good bye.

I wrote an offer on a foreclosure property this week for one of my Buyers. The nine page bank addendum, in addition to the per diem clause, also had this little gem in it:

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Today, I read a post written by Maggie Dokic. If you haven't read it stop and give it a quick read. Her post and the comments have inspired this post. Her post is about a Buyer not being loyal and using different REALTORS® to look at properties. By the way, I thought Maggie handled the Buyer fairly well. I thought some of the comments were ridiculous. REALTORS® were calling the Buyer names. So that's what sparked this post.

Folks, it is NOT the consumers responsibility to protect our commissions. They are also not obligated to stay loyal to you just because you showed them a house or two. We are SALES PEOPLE. Your job as a REALTOR® is to sell your services and until you realize that you will always have Buyers who you call "jerks", "liars", "disrespectful", "time wasters" and blah blah blah.

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Yesterday afternoon, I received a call from a Buyer who was in front of one my listings. I spoke to them briefly and made an appointment to show them the house today at 11:00. Well, later last night, I got a call from a Mortgage Broker who had the Buyers connected in on a conference call. He proceeded to tell my about his Buyers and how they had seen a house they were interested in but he wanted to know how much the house would appraise for.

He went on to say how he was also a Real Estate Broker and he works with Lenders that do not have to have seasoned funds, so as long as the house appraised for high enough, his Buyers could do a no money down deal. Hmm.....Now this of course sounds a little fraudulent to me. So I ask him, "How they do that?"

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Earlier today I got a call from Savvy Sam. Savvy Sam lives down in south Florida but owns a property in Poinciana that he purchased back in July of 2005 and has been trying to sell ever since. He bought this new construction home, sight unseen, with the good intention of selling it for a profit after it was completed. Why not? Everyone else was and heck he only needed to put down $11,000(5% of $220,000). Even though he had never heard of or seen Poinciana, the builder and affiliated Real Estate company assured him that $220,000 was a good deal and that he would be able to sell it as soon as construction was completed for $265,000.

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This is pretty cool. I have been using RealEstateShows.com to produce video shows, with music, for my current listings. These shows are attached to the Multiple Listing Service and to all of my Internet advertising. Buyers love them and Sellers need them, in this more difficult market, to draw attention to their property. I'm pretty sure I am the only REALTOR(R) in Poinciana that is using this technology. So if I had a home in Poinciana to sell, do you know what I would do? I'd contact Broker Bryant. Check it out.

Recently I went to place a home on the market, that is going to require a short sale. Seems like I'm getting an awful lot of these lately. This is one where I just don't understand what some folks are thinking. Nice young family, who were first time homebuyers just about 2 years ago. They bought a great little house, new construction, and they only paid $135,000 for it in November of 2004. This was right before our big increase in prices that happened in Poinciana in early 2005. So when I made my appointment with them I assumed they would be in a pretty good equity position. Even if they had purchased with 100% financing, which they did, they would still be able to receive a sizeable amount of money at closing. Based on my preliminary analysis, the property is worth between $225,000 and $235,000. That's some real good appreciation for 25 months of ownership. After expenses they should be looking at around $70,000 to $75,000 in their pockets. That's a lot of money for a young family.

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