One thing to add is that The realtors and brokers are playing games they are taking the properties off the market still showing them and then relisting them on the market at a later date. This plays with the data there’s more unsold property then you could imagine
It looks that you will be training us up to January ! I will love to go to Port Charlotte to scout the area because I still see houses that were flooded and need work and money to fix and they are not lowering the price to make the numbers work for a buyer that is willing to do the job and take the risk in a decimated area! 👀
The problem is price's still haven't come down for these over priced homes. My wife and I have been looking for a condo for 7 months and decided to stop for a year and hope things come down. I actually looked at a condo that we liked again this week and the price has come down 500 dollars not 5000 500. These sellers are out of their minds asking for what they want and letting their homes sit for over a year. Come back to reality and price your home more reasonable
A price reduction of any amount brings the listing to the top of the list which makes it stand out from the stale listings that have been for sale for a while.
@jsd354 i get that but my point is these home owners over paid and now think they deserve more and don't realize they are not going g to get that. They will sit on it until the bank takes it from them
@@scottcollins141 Scott, the idea of advertising is to get the attention of a potential buyer, probably a low flying pidgin in this example. The owner may not have a loan as 25% of houses sold in Florida in the last few years were cash purchases. The sellers don’t always have to sell and many will sit on houses and condos indefinitely. The same with toys. I’ve seen boat owners with 40-60 ft boats never even come to the marina to use it., paying $600-700 monthly slip rent, same with airplanes and hangar rent. When you’re ready to buy you have to find someone ready to sell at a price you’re both satisfied with.
Wasn't this expected? The whole point the Fed raised rates a couple of years ago. If rates ease a bit early next year, we may see some movement. But we cannot ignore that thousands of folks are still sitting on those 2.75 - 3.50% interest rates. Why sell you current to pay higher rates unless you absolutely have to?
Outstanding overview once again! Thank you for sharing all the data and the analysis from someone with boots on the ground. You are making more informed buyers and sellers. KUDOS! If you are considering buying or selling in SW Florida - this is your guy. Honest, hard working, and will represent YOUR best interests on either side of the equation. We utilized Ben last Spring and could not be happier - he deserved every penny of his commission.
I live in a village in England and the house next to me went to a bidding war in June. It sold to a couple who wanted to move quickly. We're in November and the whole thing still hasn't gone through. A few months seems like a dawdle compared to the horrible British nonsense.
I know nothing about how things operate over there, but it is fascinating none the less. We do have the occasional sale here that takes months but it is unlikely.
Hey, I reviewed your channel and according to me your insights are just amazing, however the thumbnails and editing is not doing justice to it, we can help you out with that so if you are interested just give us a reply
BEN👋 2 IDEAS 💡 for future video: (1) Where to get "best deals" video if you have a high-risk tolerance... Or, willing to self-insure and "spin the wheel..." (2) ALSO, cheapest places to buy in Florida (Some of us no longer need poisonous alcohol and/or expensive rip-off restaurants in our lives... ). ERGO just interested in super cheap locales in FL to buy ⁉ 😊 Some of us are just avoiding state-income-tax from the socialist northeastern states...
Great information Ben! I agree, come January we are going to see inventory explode in SW Florida.
My “inner nerd” enjoys your videos so much!
Thank you!
Thanks Ben 👍👍👍👍👍
One thing to add is that The realtors and brokers are playing games they are taking the properties off the market still showing them and then relisting them on the market at a later date. This plays with the data there’s more unsold property then you could imagine
Thanks for the update!
You bet!
Thank you Ben, outstanding info!
Glad it was helpful!
Fascinating.
The trend is our friend, and we can count on Ben.
👍👍
You do you, keep saying it Flarda. I love it, my cousins say it the same way :) If you have clients headed to Nashville, I'm here to help you! 😎
Love that! Flahrida!
@@FlaBornCracker Dis gai....Fuhghetabatit!
It looks that you will be training us up to January ! I will love to go to Port Charlotte to scout the area because I still see houses that were flooded and need work and money to fix and they are not lowering the price to make the numbers work for a buyer that is willing to do the job and take the risk in a decimated area! 👀
Insurance is still a huge issue as well as future storms. Be careful
Ty
😊 HIT THE LIKE BUTTON😊
☝️🤘
lol... been tumbling 2 years now but noone seems to notice... frogs being boiled alive.
I bet a lot more if not most sellers are starting to offer huge concessions to make the sale
I have seen some really suprising ones. A lot of pricing adjustments.
I think quarter to quarter numbers would give a better picture than month to month.
Wait for when the snow flies. I live on a barrier island and am getting cold calls every week from investors, even after the storms.
Haha the cold does change things
Those cold calls are bottom feeders looking for those just wanting to get out.
The problem is price's still haven't come down for these over priced homes. My wife and I have been looking for a condo for 7 months and decided to stop for a year and hope things come down. I actually looked at a condo that we liked again this week and the price has come down 500 dollars not 5000 500. These sellers are out of their minds asking for what they want and letting their homes sit for over a year. Come back to reality and price your home more reasonable
$500 is ceremonious at best at any price.
A price reduction of any amount brings the listing to the top of the list which makes it stand out from the stale listings that have been for sale for a while.
@jsd354 i get that but my point is these home owners over paid and now think they deserve more and don't realize they are not going g to get that. They will sit on it until the bank takes it from them
@@scottcollins141 Scott, the idea of advertising is to get the attention of a potential buyer, probably a low flying pidgin in this example. The owner may not have a loan as 25% of houses sold in Florida in the last few years were cash purchases. The sellers don’t always have to sell and many will sit on houses and condos indefinitely. The same with toys. I’ve seen boat owners with 40-60 ft boats never even come to the marina to use it., paying $600-700 monthly slip rent, same with airplanes and hangar rent. When you’re ready to buy you have to find someone ready to sell at a price you’re both satisfied with.
Wasn't this expected? The whole point the Fed raised rates a couple of years ago. If rates ease a bit early next year, we may see some movement. But we cannot ignore that thousands of folks are still sitting on those 2.75 - 3.50% interest rates. Why sell you current to pay higher rates unless you absolutely have to?
You need your hat and sunglasses
They will return!
Outstanding overview once again! Thank you for sharing all the data and the analysis from someone with boots on the ground. You are making more informed buyers and sellers. KUDOS! If you are considering buying or selling in SW Florida - this is your guy. Honest, hard working, and will represent YOUR best interests on either side of the equation. We utilized Ben last Spring and could not be happier - he deserved every penny of his commission.
Thanks for the support and awesome review Mark! I am so glad you guys enjoyed working with me and it was awesome getting to know and assist you!
The rent is too damn high!
Agreed
I live in a village in England and the house next to me went to a bidding war in June. It sold to a couple who wanted to move quickly. We're in November and the whole thing still hasn't gone through. A few months seems like a dawdle compared to the horrible British nonsense.
I know nothing about how things operate over there, but it is fascinating none the less. We do have the occasional sale here that takes months but it is unlikely.
Hey, I reviewed your channel and according to me your insights are just amazing, however the thumbnails and editing is not doing justice to it, we can help you out with that so if you are interested just give us a reply
BEN👋 2 IDEAS 💡 for future video: (1) Where to get "best deals" video if you have a high-risk tolerance... Or, willing to self-insure and "spin the wheel..." (2) ALSO, cheapest places to buy in Florida (Some of us no longer need poisonous alcohol and/or expensive rip-off restaurants in our lives... ). ERGO just interested in super cheap locales in FL to buy ⁉ 😊 Some of us are just avoiding state-income-tax from the socialist northeastern states...
Ben, please don't make a cheapest places in Florida video. It's all relative and nobody wants to see videos on Sebring, Arcadia.
Port Charlotte is the answer.
Doesn’t matter rent is still up and people aren’t desperate. People would’ve left by now this is peak inventory