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Tuesday, January 12, 2010

He should have let me sell it….

Hindsight is 20/20, isn’t it? In real estate, much as in life, there are times when a “do over” would be nice.

In golf we call it a "mulligan"...a do over without penalty!

I spoke with a gentleman this morning who talked to me about selling his house five years ago. At that time he could have made a nice profit like most sellers in Viera and Rockledge Florida in the 2004 real estate explosion!

But, he chose to sit on it hoping for growth.

As luck would have it the market crashed, property values declined, and his income declined as well.

And now, after a one year process he has gone through bankruptcy. Walking away now but with nothing.

Where is that “do over?”

I guess bankruptcy is a “do over” of sorts!

If you are considering buying or selling real estate in Brevard County Florida, please drop me an email at or call me directly at 321-693-3850.

You can also reach me through the office at 321-255-2600. (As I am never in the office, ask the office to transfer the call to my cell!)

©Gary Waters, Florida licensed real estate agent, Bucci Realty, Rockledge, Florida.

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