Wednesday, November 29, 2006

Buy a Business!

It's Wednesday; that means the new 'Free Press' came out today. It's our local paper and I don't think that there are a lot of people who don't read the 'Free Press'. After all it's free and can be picked up at every grocery store, post office etc..An article regarding commercial property in the Keys caught my attention today and I thought I'd share a link to the article with you:
Maybe you never considered that you don't have to wait until you retire but could start a business here. If you'd like more information regarding business opportunities and/or commercial properties please let me assist you!

One of my customers called me today; he wanted to know if this is a good time to put one of his properties on the market. I advised him to only list his property if he is willing to list it for the lowest price in the complex. His unit is in the Landings of Largo. There are 126 units in the Landings and 14 are for sale. That's almost 10%! One type of unit in the Landings is the Phase II unit, a 1200 SF townhouse like condo. Two of these units are for sale for 529K, the identical unit (Floor plan and building wise) is also for sale for 639K and 679K (No not in better locations. Why bother to have the units for over 600K on the market? They are not going to sell until the units for 100K less have sold and are part of the reason why we have what appears to be a flooded market. It is hard for a realtor to advice an owner to not list their property (we are in the business of listing and selling!); I am fortunate enough that my customer appreciated my honesty and will wait to list his condo with me at a later point in time. I only wish more people would pull their overpriced properties off the market. It makes no difference for them if its on the market or not; if it's overpriced it's not going to sell anyway!

A few new properties came on the market today:
Nothing spectacular unless you have been waiting for a unit in Ocean Pointe in Building5 with the D floor plan. This might not mean anything to some of you, but everybody who is familiar with Ocean Pointe knows that Building 5 is the most desirable building and the D plan the most desirable floor plan in Ocean Pointe.

Two properties have sold:
A high end direct waterfront home sold for 3,8 Million. I am certain that part of the selling factor was that the property is on almost 2 acres. By the way; the high-end homes are selling very well.

One home went under contract today: Click'>Click'>">Click

Thanks for reading my blog and have a great Thursday!

No comments: