To Buy Or Not To Buy-That is the question

When exactly is the bottom of the market? When is the time to buy? If You buy now, will your home be worth less in a year from now? These are all the questions that many are asking themselves now and are seeking out advice from Realtors.

To first clear up a common misconception- Realtors are not fortune tellers. They base their "educated guesses" based on history. That's all "we" have. History shows that our finance system is like a clock.

As told by Peter Switzer of the Daily Telegraph "A clock at 12 o'clock is boom time. At one o'clock interest rates are rising. By two, share prices start to fall and by three commodity prices start to fall too. At five, real estate feels the pinch and six o'clock is recession. At seven o'clock the Reserve Bank cuts interest rates to kick-start the economy and by eight share prices anticipate an improving economy, beginning to rise. Commodity prices perk up at nine o'clock and, as unemployment falls, real estate makes a comeback about 10 or 11 o'clock."

This is how the system has worked for hundreds of years. So based on this clock, where are we today? Looks to me based on the bail out plan from our federal gov't just being passed and Reserve banks cutting interest rates that we should soon see an upswing and we are pretty close to the bottom and recession status. Pretty clear isn't it?

So it appears to me and it should to you also that now would be a great time to buy. Wait too much longer and prices may start to rise and there may have been great "missed" opportunities.

Bottom line and my point in this article is this: If you are even remotely thinking of buying and fall into one of the great programs that have been released as recently as this past weekend- get with your realtor and start looking. You can buy now for less than most rentals and if you are in a position to buy as investment, you have a unique position to buy and have a long term investment and a monthly cash cow.

Don't let our economy scare you, make no mistake, even though this is a rough time and records are braking in the foreclosure market and things appear very scary, it's all just part of our system of finance. We will survive and will rebound and be the resilient and thriving country we have always been.

So to answer the question about when to buy. There is no time like the presence. You can call us at AAA Realty LLC at 239-368-1831 or check us out on the web at http://www.aaarealtyllc.com/ .

What Is A BPO?

BPO stands for Broker's Price Opinion. This is a valuation report that is done by a real esate agent or broker to determine price for a home in a particular market at a particular time. Even though they are used quite frequently by lenders getting ready to foreclose on a property, or allow a particular price for a short sale, this valuation report is not new to the industry. Prior to the dramatice increase in foreclosures and distressed sales, when a borrower was to refinance or regular loan servicing would be reasons for a lender to order a BPO.

Now that you know what they are, we want to tell you when it would be wise for you to utilize one for your own benefit. First if you are an investor and are considering a short sale of a property, it would be prudent for you to order your own BPO so you will know approximately what the bank expects or may be willing to price their home.

How do you get one of these BPO's? If you do a google search of your area of agents that perform these reports, you can contact them individually to order one. There are also BPO Companies that work for the lending industry and have at their disposal in most cases, agents though out the country that perform bpo's for them.

If you have any more questions, or are in need of a BPO in the Lee County FL area, you can call us directly as we are "Certified Property Valuators" and will be happy to answer questions you have and also quote you a price on what your valuation report would cost you. Call us at 239-368-8520 or email at tammyjrodriguez@gmail.com for more info.

We Buy Homes For Cash

Any situation. Divorce, pre-foreclosure, fire, death. Any shape- excellent, good, average or poor. Call our toll-free line (information line only- no pressure or pesky sales person) Call and the info line will give you some options that you may not have realized you had available to you. Call 1-877-408-3726 (not a live call) After the infomation call, you will have the option of talking directly to us, leaving a message or simply just hanging up.

If never hurts to get more information. "A man, though wise, should never be ashamed / of learning more, and must unbend his mind."- Sophocles

Short Sales

Let the words I say on this blog hit you and sink in because it is a fact that many people are going to lose their homes in the next two years. If you are in trouble with your current mortgage company or are adding up that debt on your Credit Cards and don't see that it is helping but instead is getting you deeper and deeper in debt, you need to take action now! Don't wait until you get the heartbreaking news that there is a lins pendens filed against your property and now you are out of options.

It doesn't just go away. It is real and you can't sleep it away. There are options for you but you must take action as early as possible.

For the writing of this blog entry, I will just tell you that there is hope but you must take action. For the next blog, we will discuss what your options are.

In the meantime, go to the two websites and spend some time learning about us and what we have to offer. WWW.AAARealtyllc.com and www.2galslovehomes.com.

We look forward to taking more about this subject in coming weeks. Call us with any questions at 239-368-8520 or toll free at 1 (866) 434-0717.

Will It Ever Get Better?

Our economy seems to be sinking faster and faster. Is there any hope of recovery? South West Florida is down 12% in the housing market with the nation being 7% down. Being above the national average brings even more stress to our local economy. So when and how will there be a change upward?

There are signs to show that by the end of 2008 we should be seeing a sign of the turn. Excess building accounts for a lot of the local problem here in Lee county as well as of course the banking mess. With the interest rates dropping that will create a demand in the market that will help the turn around. So if this is the case, what can we do to survive for the next 12 months or so?

For us Real Estate Professionals, we need to "get back to the basics". Now more than ever is the time to focus on customer service like no other time. Additionally we need to downsize our operations and stay in the game. Real Estate professionals are dropping out like flys. If we remain steadfast, we will be here to accept the business as it comes in first in the dribbles and then the flow will come back and we need to be ready and know the market trends as they change.

I personally look at this time as a time of challange and refuse to give up or in and will be here to help those looking for homes to buy and sell now and for many years to come.