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Friday, September 26, 2008

You must compete with the short sales....

I listed a town house for sale today. The price is very attractive. The price is less than the competing (albeit newer) properties nearby. Still, the price is very attractive. The price is necessary.

In the Viera and Rockledge market within 2 miles of my new listing there are 65 properties fro sale that are short sales or REO owned properties. That is a lot of competition. In order to compete, although my listing is not a short sale, the price had to be awfully attractive.

If you are selling your home, town house or condo in the Rockledge and Viera area, prepare yourself to compete with short sales and REO - bank owned listings. That is just the reality of the market!


Until the inventory of short sale and REO homes is reduced in the Rockledge and Viera market this will be the case.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida. Email me at agent@moving2brevard.com or call me directly at 321-693-3850.

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