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Sunday, March 22, 2009

Buying a house is like playing the lottery

If my memory of 9th grade English grammar is correct, the title is what they call a metaphor.

This morning I was replying to a couple of comments on a recent web log post of mine. The article was really a re-blog of a post by Allison Stewart of St. Cloud, Florida.

In this real estate market, buyers want extremely good deals. In the older market, sellers wanted extremely good deals. One method chosen by many buyers is to choose to place offers on short sale or bank owned properties.

In the Viera, Suntree and Rockledge areas of Brevard County, there are some very attractively priced distressed properties. And the sellers of these short sales and REO properties often take multiple offers and then decide who (if any) to accept.

No matter how good the deal looks to be, people want more. Sometimes it is like playing the lottery - pick your number and wait! You may just win, but then...there is only one winner.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida. Contact me directly at 321-693-3850 or by email to

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