The Positive Side to a Slow Real Estate Market

I always tell pessimists that in any market there are opportunities. In spite of what we read about the sluggish real estate market and what buyers and sellers tell us, there are a lot of positives in this market:

Prices are falling to the point that first-time home buyers can afford to buy again. In some areas of Tampa prices have dropped by almost $100K. 3 bedroom, 2 bath , 1600 sq ft homes can be purchased for a little over $150K in nice master-planned communities.

Lots of real estate agents are not going to be renewing their licenses this year: that means LESS competition.

Builders are once again kissing our behinds and offering substantial co-broke incentives.

Sellers are more willing to give us more to list their homes and are once again recognizing our worth and value in promoting the sale of their homes.

GREAT INVESTMENT opportunities! Buy Low, Sell high. You've heard that before... Now is really the time to buy. If anything, we, as real estate professionals should take advantage of this market. We constantly get bombarded with emails from builders offering inventories priced WAY BELOW market price. On top of that 10% towards closing or upgrades or both, plus 8% commission!! WOW.

Great time to learn about foreclosure, pre-foreclosure, short sale, auctions, etc.

Easier to convert FSBO to clients.

So everytime someone asks me how the Tampa real estate market is doing, my response is always the same: GREAT! :)

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