Tuesday, November 07, 2006

It's a good time to buy!

Of course I am saying that: I am a realtor! But it's true! Property prices in the Keys are not dropping as they are in other areas simply because there aren't a lot of distress sales here and sellers know that it's only a matter of time until prices will appreciate again. We have a flooded market that concludes in a buyers market. Sellers are aware that buyers are out to get a deal and have plenty of properties to choose from. While you can't really 'steal' any property for an unbelievable price, this is a good time for buyers to negotiate a good price and shop around for the best deal. Just today 12 properties lowered their asking price and that is just in the upper Keys. Many sellers are dropping their prices but leave no room for negotiation. The gap between asking and selling price remains fairly small, but the asking prices are becoming more realistic. 11 new properties are listed today and it's only 2pm. This is a link to these new listings:Click'>http://www.flexmls.com/cgi-bin/view.cgi?20061107185559463156000000&s=6&id=1">Click A waterfront home on Gardenia was just sold for 820K; the asking price was 824,900. A dry lot home on Sound Drive was sold for 300K and was listed for 329K. This is a link to the two houses; in case you are curious:Click'>http://www.flexmls.com/cgi-bin/view.cgi?20061107185326132183000000&s=6&id=1">ClickNovember is here and the snowbirds are starting to arrive. I always look forward to winter and having the friends back we have to say good-bye to over the summer. Everything becomes livelier; the pool is a daily gathering place.It is 82 degrees today and a bit cloudy; the perfect weather for a walk.

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