Selling Poinciana One Property at a Time.

Broker Bryant,

We'd like to list our property with you but just don't feel comfortable paying $xxx up front to list the property. We can list the property now and as soon as you get a contract we will be more than happy to pay.

Thanks, A. Little Hesitant

Dear Mrs Hesitant, 

I do understand your concerns. There are plenty of REALTORS(R) that will list your property and not charge an upfront fee. They may even be experienced in Short Sales. However, I don't handle my business that way.

Short Sales are complicated and time consuming. There is also no guarantee that your lender will accept one. We may very work for months, to try and get one accepted, only to have your lender foreclose on the property. Or your situation could change and you decide to go another way after I have put in a lot of hard work.

Due to these intangibles, that I cannot control, I choose to handle Short Sales by offsetting some of my costs (both, time and real)  by charging a small fee up front.

I also want to make sure that you are motivated to go through the process. I do this by collecting the needed information (short sale package) up front and asking you to place some "skin" in the game (my fee).

My market is saturated with folks that need help. Unfortunately I'm not able to help them all so I have these practices in place to help me to sort through and focus on the folks that I feel I have the best opportunity with helping them complete a successful Short Sale.

Short Sales are serious business and require you and I to be on the same page so we can achieve a positive end result.

I fully understand that my services are not for everybody. Give it some thought and let me know if you decide to move forward. Make the decision that works best for you and your situation.

I hope this helps.

FAQ  #1 What is a Short Sale?
FAQ #2 What is a Hardship and why do I need one? 
FAQ #3 What goes in the Hardship Letter?

DISCLAIMER: I am a Florida Licensed Real Estate Broker. This article is my opinion based on years of experience and the laws of my State. All Sellers are urged to seek competent legal and tax advice. I am NOT qualified to give advice in those areas.  

CENTRAL FLORIDA REAL ESTATE SHORT SALE INFORMATION

Don't Sell Yourself Short. An E-Book by Broker Bryant. Coming soon!!!

MORE INFO FROM BROKER BRYANT... THE SOURCE FOR CENTRAL FLORIDA REAL ESTATE 

TESTIMONIAL

 Bryant,  I want to thank you for all the help you provided in a professional manner. The short sell went well considering all the negotiations you had to do with First Horizon and Etrade. The end result saved us money and I hope some of our credit rating. I would not hesitate to recommend you to anyone interested in purchasing a home or doing a short sell.

Best Regards to you in the future,
David Fisk  Successful Short Sale closing Feb '09

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved   

Folks look at what $90,000 will buy you in Kissimmee/Poinciana Florida. These were placed on the market this week and will not be around for long. Check 'em out.

Beautiful home in excellent condition. Formal living room and formal dining room. Eat in kitchen opens to the family room. Inside utilities. Over 2000 sq ft living area with 4 bedrooms and 2.5 baths. Did I mention it was built in 2005? Great price!! Please only qualified buyers need apply.

$89,000***

3 bedrooms and 2 bath and........a POOL!! That's right folks an in ground swimming pool. Almost 1/2 acre lot. With a little TLC this would make an awesome property. Great Poinciana location within walking distance of the towne center.

$89,000***

***Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of Property at full listing price may be conditioned upon approval of third parties

CENTRAL FLORIDA REAL ESTATE SHORT SALE INFORMATION

POINCIANA FLORIDA REAL ESTATE MARKET REPORTS

MAKE AN OFFER ON ANY  FLORIDA PROPERTY LISTINGS HERE

MORE INFO FROM BROKER BRYANT... THE SOURCE FOR CENTRAL FLORIDA REAL ESTATE

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved  

What's going on in Poinciana Real Estate?

Inventory is way down. For the first time in about 2 years we have less than 1,000 properties on the market in the Poinciana Neighborhood. We broke the 1,000 barrier about 2 weeks ago. Today there are 932 properties for sale. This is down from 1,100 to 1,200 that we have been averaging for about the last year. 

Closings are way up. February of 2008 we had 21 closings. This February there were 109!! That's an increase of 500%. 

BUT......values are still declining. The median sales price in December 2008 was $82,000. For February 2009 it is $67,000. That's almost a 20% decline in values in the last 60 days!!! 

So what gives? Here's my opinion. 

• The properties that are selling are REOs (foreclosures) and short sales. In fact more than 85% of the closings are distressed properties.

• Sales have increased drastically because the prices are so low.

• Inventory is declining due to all the moratoriums that have been placed on foreclosures.

Banks are NOT foreclosing right now. Which is a good thing because I deal in Short Sales. I listed five in the last week and Buyers are knocking the doors down to see them. Less REOs is a very good thing for me and my Sellers.

I STILL NEED HELP!!!!! 

I hired a new agent yesterday. I gave her five Buyers right away with four that are coming into town over the next 2 weeks to buy. All are Europeans and all have cash. 

I still have 185 Buyers I need to find agents for. We have more Buyers coming in everyday. I just opened a new website to try and accomodate them all.  So if you want to make money AND you don't mind working......give me a call. I need agents for Buyers looking in Kissimmee, Davenport, Poinciana, St Cloud and S. Orlando. I'm hiring not referring. 

OK that's what's on my mind today. What's on yours? 

CENTRAL FLORIDA REALTOR(r) OPPORTUNITIES

MORE INFO FROM BROKER BRYANT... THE SOURCE FOR CENTRAL FLORIDA REAL ESTATE

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved  

Hi folks. I guess by now you have read or heard of the Obama Administration's Making Home Affordable(MHA) plan. Here the three major components. 

• Refinancing options for folks that have been making payments and whose 1st mortgage is no more than 105% of current market value. Example: If the property is worth $100,000 the 1st mortgage must be $105,000 or less. Unfortunately this program will not help many people in my market, Poinciana Florida, since values are down 65% in the last 24 months. In Poinciana the house is worth $85,000 and they owe $200,000+.

• Loan Modifications: Loan Mods are for folks that want to to keep their house who are not able to refinance either because they are not current with their payments or they owe more than 105% of current market value. The loan can be modified by:

1. Reducing the interest rate. 
2. Lengthening the term of the loan.
3. Reducing the principle amount.

• Short Sale Incentives:  The part of this I really like is the $1,500 to help the Sellers move. 

Overall I like this plan. Unless I'm missing something it does seem to be geared towards helping people stay in their homes. It's also designed to lower foreclosures and give lenders incentives to do short sales or deeds in lieu of foreclosure. And that's a good thing.

Below are some links so you can read up on this and then come back and let me know what you think. Better yet, write a post, come back and leave a link in the comments of this post. I need your opinions.

HOME AFFORDABLE MODIFCIATION GUIDELINES

MHA HOUSING COUNSELOR Q & A.

MHA DETAILED PROGRAM DESCRIPTION

My question is......Should we as REALTORS(R) be doing Loan Modifiations?

CENTRAL FLORIDA REAL ESTATE SHORT SALE INFORMATION

MORE INFO FROM BROKER BRYANT... THE SOURCE FOR CENTRAL FLORIDA REAL ESTATE 

Copyright © 2009 http://www.brokerbryant.com/ | All Rights Reserved