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Geek Agent Man

Plant City, Florida

Central Florida Real Estate, including Plant City, Lakeland, Brandon, Dover, Valrico and Tampa

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Honestly, I have never ran into this situation.&nb...
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Geek Agent Man

New Real Estate Company

Jun. 4, 2007
Categorized in: Geek Ramblings

Today I saw on the state's website that my real estate company is finally registered.

It is GEEK REALTY LLC

To see my website click here

School's Out

May. 25, 2007
Categorized in: Geek Ramblings

School is out here in Polk and Hillsborough counties.

It is now the holiday weekend.  For the last two years, this weekend has been a slow real estate week for me.  But the next week has been VERY BUSY!

We shall see!!!

Real Estate - Plant City FL

Apr. 15, 2007
Categorized in: Geek Ramblings

Currently the market is a little flat in Plant City.  Sellers have finally begun to drop their prices a meaningful amount or taking their houses off the market entirely.

Those that are dropping the price are typically those that have already moved out of the area and are feeling the pain of two mortgages.  Those that are removing their home from the market are those that did not have to sell, just wanted to.

Then there are those with dollar signs in their eyes.  Many of these people still have their home listed at last years prices and if they sell, it will be a miracle.  But, if they keep them listed long enough, maybe the market will catch back up with them.  History indicates that this will happen, the question is "When?".

But with this full blown buyer's market, there are still exceptions.  There was a house I was working with a buyer on and we were thinking he could get it for something less than list, when out of the blue another buyer stepped in and bought it for $182,000 and the house was only listed for $175,000.

One problem with buyers now are that they are afraid that prices are going to go down more and they don't want to buy until they can convince hemselves the deal they are getting is the best they can get.  This is causing them to want to look at more homes and sometimes, like the situation above, by the time they decide to act it is too late.  And maybe too little.

Call volume has been sporadic lately with some weekends going by without a single call.  This is unusual, but is allowing me to catch up on a lot of things I have been putting off. :)

 

5 Tips for Home Sellers

Apr. 4, 2007
Categorized in: Geek Ramblings
5 Ways to Speed Up Your Sale

1. Price it right. Set a price at the lower end of your property’s realistic price range.

2. Get your house market ready for at least two weeks before you begin showing it.

3. Be flexible about showings. It’s often disruptive to have a house ready to show on the spur of the moment, but the more often someone can see your home, the sooner you’ll find a seller.

4. Be ready for the offers. Decide in advance what price and terms you’ll find acceptable.

5. Don’t refuse to drop the price. If your home has been on the market for more than 30 days without an offer, be prepared to lower your asking price.

How did you find your Realtor?

Apr. 1, 2007
Categorized in: Geek Ramblings

I read all of the polls from the National Association of Realtors (NAR) and the Florida Association of Realtors (FAR) and they tell me how I should be finding my customers and how my customers should be finding me.  The problem is that my numbers aren't even close to theirs.  My customers are mostly referrals and sign calls.

If you recently bought or sold, or intend to buy or sell real estate in the near future, please leave me a comment and let me know how you chose your Realtor.  If you are local (Tampa area), I would love to be your Realtor, but I promise I will not contact you if you reply to this post unless you explicitly ask me to.

Current Market

Mar. 26, 2007
Categorized in: Geek Ramblings

We are still in a buyer's market, meaning there are more sellers than there are buyers.

If you are a buyer, there are plenty of good deals out there.

If you are a seller, there are buyers that are buying.  You just need to do something to make your house the one they want.  Unless your house has some outstanding and unique features, the only other item you can change is the price or some form of financing.  This market is tough for sellers and this appears to be the outlook for at least a few more months.  I hate to be the bearer of bad news, but if you want to sell your house, you have to be realistic.

You or your realtor can do all of the advertising in the world, but if there is another house just down the street with the same features and it is priced less, it will be hard to sell yours.  Just look at how many people flock to Wal-Mart everyday to save a few pennies.  They will definitely go down the street to save $10,000!

If you are a seller who wants to sell or a buyer who is ready and able to buy, deals are being made everyday.  Are you ready to make a deal?

Today's statistics 3/12/2007

Mar. 12, 2007
Categorized in: Geek Ramblings

New Listings 31
Price Changes 58
Transferred-Status Changes 162
Back-on-Market 13
Expired Listings 73
Extended Listings 26
Pending Listings 32
Sold Listings 14
Withdrawn Listings 22
Rented Listings 5
Leased Listings 1
Temporary Off-Market 2

 

My comments will follow later today.

Tampa Home Sales Statistics

Mar. 11, 2007
Categorized in: Geek Ramblings

The table below is for the overall local Tampa market.

Month Monthly Sales Avg List Price Avg Sell Price Avg Days on Market Current Inventory Months of Inventory
Jan 2007 1121 272006 259065 88 18707 16.69
Jan 2006 1681 262026 256189 42 9656 5.74
Jan 2005 1652 224726 219186 90 4687 2.84
Jan 2004 1336 197573 192910 91 9252 6.93
Jan 2003 1231 175513 169959 104 n/a n/a

Now look what happens in the upper price ranges.

Price Range Units Sold Avg List Price Avg Sell Price Avg Days on Market Current Inventory Months of Inventory
500000 - 599999 38 571660 543091 105 821 21.61
600000 - 699999 12 668991 642719 68 522 43.50
700000 - 799999 7 776356 755271 76 397 56.71
800000 - 899999 6 852642 847216 43 249 41.50
900000 - 999999 3 1026000 950000 108 199 66.33
1000000 and over 9 2052001 1653289 120 621 69.00

 

If you would like for me to give you the statistics for your price range, give me a call or email me.  No Realtors please, this information is available to you through the MLS.