By: Ted

Ted — Wed, 24 Feb 2010 22:47:56 +0000

> The main problem that has plagued the real estate market here in Vero
> Beach area has not been the financial meltdown of the economy.Well not
> entirely.It has been caused over the past several years by real estate
> brokers who seeing a buying ‘frenzy’ and a need for listings promised home
> owner after home owner that they could get them more than anyone else and
> thus made such a glowing picture of a financial ‘pot of gold’ that the
> home owners gladly signed their listing agreement.
> Most all of the brokers followed the same pattern thus unrealistic asking
> prices were out there while sales slumped and offers at less were being
> rejected.There were a very few brokers who dealt with integrity and told
> their seller the truth that nothing with ridiculously high prices was
> being sold.Those who were honest obtained very few listings compared to
> the others however they sold homes and boy are their sellers happy today.
> I have watched this market for the past eight years and it really didn’t
> implode.It is only where it was eight years ago.Yes prices for the million
> and multi-million dollar homes have dropped from their stupidly inflated
> prices and yes there are some people taking a terrible hit that purchased
> those few homes and speculated with others but it wasn’t the economy it
> was many,many brokers that caused it.Check dozens of homes that have been
> for sale not for the past year or two but during the ‘inflated’ period and
> prior going back five,six years.YES! They are still for sale.
> To my amazement the same brokers fear telling the truth to the home owners
> even today since they led them along for such a long time and many have
> ‘invested’ interests.
> If you are a potential buyer my suggestion is to find a broker who does
> not have thousands of listings (they all use the MLS anyway) and can
> introduce you personally to their last three or fours sellers who have
> completed sales at close to the listing price.Spend the time.It will not
> take long and you will save the ups and downs believing that you will get
> a fortune when you will not even get your home sold.
Ted tells it like it is

By: steve

steve — Tue, 19 Jan 2010 06:04:36 +0000

This less price of home is one kind of benefit to the customers and if they get good place at beach site,then its too good for them.

Comments on: 2010 January Vero Beach FL Real Estate Market Update

By: Ted

By: steve