Florida Housing market heating up....

[Cash Bar]

I have been more busy in the last several weeks tha I have been in 18 months. The sub-$250 market is on fire. I sold a members' aunts house in the $175k range in 3 days(20day closed) and another $239k house in 11 days(14day close).

All my listings have been swamped with showings. Even the realistic waterfront is going fast. I showed a $699k foreclosure the other day that had SIX people looking at once. Under contract that afternoon.

The $100kish single family homes are averaging under 30 days on the market in decent areas. Lots of good money being made in the buy and rent market.

As such, I have taken a MAJOR STEP. I have resigned from my bar job after 22 yrs in the business. I always stayed in as a backstop for my other career and I liked the $600-$1000 extra a week. Now I will live or die by the Real Estate market. :leaving:

I have been on the edge of needing an assistant so I decided to take a swing at it on my own. Hope it works or that Skater/MTI will be on a longer hold.

 

[Tommy Gun]

Best of luck...glad to hear of some things improving.

 

[Perlmudder]

best of luck cash!

 

[Cash Bar]

Thanks guys !! I'm really looking forward to the challenge. I think.....

 

[stecz20]

good job homo.. now find me a building...

 

[inbetween]

That's great news! You're East coast, right? How's the west coat doing?

 

[MOBILEMERCMAN]

I saw last night on Nightline Cape Coral was hot like you are saying. Many think this is a good time to buy. Deals are waiting to be had.

Best of luck to you Cash

 

[bajacleveland]

I saw last night on Nightline Cape Coral was hot like you are saying. Many think this is a good time to buy. Deals are waiting to be had.

Best of luck to you Cash

I like how they were showing the houses by boat.

 

[Expensive Date]

Coming back on the plane Sun I talked to a few people that had gone down just to look at houses.

 

[Sydwayz]

With the new 90% AIG Bonus Tax; they will probably all foreclose again in 3 months.

Good luck Greg!!!

 

[fund razor]

I have been more busy in the last several weeks tha I have been in 18 months. The sub-$250 market is on fire. I sold a members' aunts house in the $175k range in 3 days(20day closed) and another $239k house in 11 days(14day close).

All my listings have been swamped with showings. Even the realistic waterfront is going fast. I showed a $699k foreclosure the other day that had SIX people looking at once. Under contract that afternoon.

The $100kish single family homes are averaging under 30 days on the market in decent areas. Lots of good money being made in the buy and rent market.

As such, I have taken a MAJOR STEP. I have resigned from my bar job after 22 yrs in the business. I always stayed in as a backstop for my other career and I liked the $600-$1000 extra a week. Now I will live or die by the Real Estate market. :leaving:

I have been on the edge of needing an assistant so I decided to take a swing at it on my own. Hope it works or that Skater/MTI will be on a longer hold.

Hope it works out too. Thanks for the good news on the market.
I have been following a couple of sample properties as kind of a test of what is happening to my donor's overall outlook. A house in Bloomfield Hills Michigan worth 500k had lost 21% in the prior year and 25% over the last 3 turned the corner and went back up. About 16k in a 30 day period. A check of the zip code showed a composite stabilization and a check of Oakland County showed values beginning to stabilize, too. Good news is good news.
Good luck.

 

[Ted]

A lot of people are sitting on a LOT of money they are not really anxious to put back into the market, that combined with realistic values makes real estate very attractive. I have been thinking about it too, there are going to be a lot of qualified renters that have been foreclosed and will need some time before they can buy again.

 

[mosi]

Speculators were one of the groups that caused the problem......
.
.
.
.....Now, here come the Speculators to profit from the problems!!!


Only in America!!!


.

 

[Davidmnc]

Great news Csh Bar! Now get to work!

 

[Sea-Dated]

Good Luck Greg! I am sure it will be worth it and you will be ordering that VW Bug themed MTI any day now. :biggrinjester:

 

[MahopacMarine]

Thats great to hear Cash!!! Best of luck.

 

[Knot 4 Me]

Good to hear, Cash. Best of luck to you!

 

[Wardey]

Congrats Cash !!!! We have been doing alot of room additions on existing houses. Same thing I saw back in the late 80's. People holding their houses and adding to them. Dave

 

[Cash Bar]

Thanks all. I will have a new PERSONAL website up in a few weeks. I will need opinions when it's live..... uke:

I found a great designer on referral and he works fast and on budget.

 

[Lomax]

Congrats brother !!! Now lets do some business together !!!