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Thursday, December 11, 2008

Viera Real Estate Market - Some Play, Some Pay

I routinely review and write about the activity in some of the subdivisions in Viera and Rockledge, Florida area. I was at it again this morning and then I saw something that really caught my eye.

A home that is priced one-hundred thousand dollars more than similar homes on the market. Not only that but they have sold for way less than that recently. And the icing on the cake - days on the market over 450 days!

What is going on here? A couple of things. A non-motivated seller and a non-motivated real estate agent. Why do I say such?

If a seller is motivated the property will be priced at least near the market. A home should not be priced at $300,000 when the highest priced home in the neighborhood is $200,000! If a real estate agent is motivated the property will be listed at a price that is near the market. A motivated real estate agent sells homes, non-motivated agents list homes that dont sell!

My advice - get out of the market!

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, serving buyers and sellers in the Viera, Rockledge and Suntree areas of Brevard County's Space Coast. Call me directly at 321-693-3850 or email me at agent@moving2brveard.com.

By the way my title refers to non-motivated folks "playing" at selling and motivated buyers who "pay" when the price is right!

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