WASHINGTON – April 27, 2011 – Almost 85 percent of the nation’s 308.7 million people live in metropolitan areas, and more than half are in ever-expanding suburban rings that encircle major cities.
A new pattern is emerging this century. Most of the growth is happening on opposite ends of the suburban expanse: in older communities closest to the city and in the newer ones that are the farthest out.
“A few decades ago, all the growth was on the edge,” says Robert Lang, an urban sociologist at the University of Nevada-Las Vegas who analyzed 2010 Census data. “Now, there are city-like suburbs doing well on one side of the metropolis while conventional suburbs still flourish on the fringe.”
-------------------------------
About 6 months ago I reviewed a condo in the Grand in Downtown Orlando. The average sold price was about $60,000. Right now its $65,000 for the same 1/1 condo. Any condo that comes on the market there under $65,000 goes pending quickly.
People want to live downtown. If banks want to get rid of the condos they have to make them attractive in either price and incentives of make it perfect priced competitively.
The most important way to move condos?
3) Give loans
2) Create a loan. (owner Financing) ANY property that is bank owns, IE REO, it is owned FREE & CLEAR, so they can Create a mortgage on their own property. Out of thin air it moves from a problem property to an asset that is making a bank money.
1) CLOSE QUICKLY!
That one is so important let me say it again. As soon as it is under contract set a date to close the same day. Contract signed on 23 May and at time it becomes executed then set the date right there to close on 23 of June. It is not Rocket Science. Leave a comment if you think the is a Tremendous idea! Let them know what you think. CLOSE QUICKLY! Simple.
=================
the rest of the article:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259280
A new pattern is emerging this century. Most of the growth is happening on opposite ends of the suburban expanse: in older communities closest to the city and in the newer ones that are the farthest out.
“A few decades ago, all the growth was on the edge,” says Robert Lang, an urban sociologist at the University of Nevada-Las Vegas who analyzed 2010 Census data. “Now, there are city-like suburbs doing well on one side of the metropolis while conventional suburbs still flourish on the fringe.”
-------------------------------
About 6 months ago I reviewed a condo in the Grand in Downtown Orlando. The average sold price was about $60,000. Right now its $65,000 for the same 1/1 condo. Any condo that comes on the market there under $65,000 goes pending quickly.
People want to live downtown. If banks want to get rid of the condos they have to make them attractive in either price and incentives of make it perfect priced competitively.
The most important way to move condos?
3) Give loans
2) Create a loan. (owner Financing) ANY property that is bank owns, IE REO, it is owned FREE & CLEAR, so they can Create a mortgage on their own property. Out of thin air it moves from a problem property to an asset that is making a bank money.
1) CLOSE QUICKLY!
That one is so important let me say it again. As soon as it is under contract set a date to close the same day. Contract signed on 23 May and at time it becomes executed then set the date right there to close on 23 of June. It is not Rocket Science. Leave a comment if you think the is a Tremendous idea! Let them know what you think. CLOSE QUICKLY! Simple.
=================
the rest of the article:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259280
No comments:
Post a Comment