Where have all the buyers gone?

According to the Florida Association of realtors, RE business in Jacksonville is down some 30% from 2006.

But 2006 listings and sales were way off from 2005!

So...from 2005 to 2008, the business is actually off some 40%. I have seen hundreds of "For Sale By Owner" signs go up...stay on the market for a year...and disappear...waiting for better times.

I have seen properties listed with brokers change brokerages two and three times...and they STILL DON't SELL!

Buyers don't realize it but in 2005, they would have gladly given their right arm for a market like this. They thought they would never be able to get into the housing market or get that investment property...prices were rising fast and furiously!

Today, prices are dropping, the pressure is off, the psychological urgency is gone...buyers don't see the need to buy that special house....TODAY. Why not wait 'till next month, "maybe the seller will get desparate and lower the price even more".

It's all about marketing, my friends. There are good deals on the market right now that aren't being bought. They should be sold but there they sit. The good deals need to be handled with more skill and agility.

Repo's are really a pain in the *ss. The contracts are totally one sided and the casual buyer shouldn't get involved. The Repo market is for the experts. Call me at 904-422-5091 if you want to find out the details. The average guy working a 50 hour week at a job have no business speculating in repo's.

Buyers: Wake up and take advantage of the good deals. Sellers: Make sure your price reflects the lower market demand.

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