I thought I would write a quick blog post to comment on my thoughts about the past year selling real estate in Boca Raton. It has really been an interesting time! I actually had a very good year in spite of all of the economic difficulties surrounding us. I am working three times as hard as ever, but I am flourishing and continuing to produce results for my clients. I am proud to be the recepient of the Emerald Circle award from Lang Realty for outstanding sales production in 2008!
Here are my thoughts:
- SELLERS- Listings that are priced right are selling! Priced right in this market means at or slightly below what the recent sales have been. It is still a declining market with an abundance of inventory. Sellers who are motivated to price their properties properly are getting offers. In the past week, two of my listings have gone under contract to multiple offers. It is a price-driven market and in addition to unsurpassed marketing, proper pricing is the key. Don't forget that sellers are also competing with short sale listings and with foreclosures for the relatively few buyers who can buy.
- BUYERS - There are amazing deals out there for qualified buyers. Inventory levels are still high, prices have come down dramatically, and interest rates are at an all time low. What does this mean? Qualified (ready, able and willing) buyers can take advantage of some amazing opportunities. It takes a very competent Realtor to navigate the terrain because there are so many distressed properties, short sales, and foreclosures in addition to homes that realistic sellers are working to sell.
In looking forward to 2009, I realize that the opportunities are there to ramp up my sales volume even higher than what I achieved in 2008. My 4th Quarter of 2008 was excellent, and I have several pending transactions due to close in the next six weeks which should start 2009 off with a bang! I am willing to work hard and do what I have to in order to best serve my clients.
I am very excited because I am going to be launching a new more improved website within the next few weeks which will better increase my clients ability to search for and identify homes. I will be making announcements about the launch in the coming weeks.
I want to thank all of my friends, family and especially my wonderful clients for making 2008 a phenomenal year and for making 2009 even better!
Gloria Singer is the Broker of Boca Expert Realty, a boutique Boca Raton real estate company with a focus on professional service and an unparalleled customer experience. Our select agents are amongst the top performing professionals in the field. Visit www.BocaExpert.com for information on Boca Raton, Delray Beach and Highland Beach real estate and to connect with an expert in the local market.