Buy Owner service is in liquidation

The demise of a dis-service to sellers and buyers is finally coming to an end……I can’t say that I’m surprised to hear of this business failure.   Buying and Selling a home in ANY enviroment requires the professional services of a REALTOR.  In this current real estate market, it is risky , to say the least, for a seller to consider selling his property as  For Sale by Owner.   The buyers need even more guidance from their REALTORS.   50 % of properties are short sales in South Florida.   The nuances and the many moving parts of a short sale transaction are not for the faint at heart and not for a buyer or seller to try on their own.  Consult your local REALTOR to guide you in your real estate needs.  Read on…BOCA RATON, Fla. – Aug. 20, 2010 – The Buy Owner broker-free real estate firm, known for its familiar “Thanks, Buy Owner” advertisements, has filed for liquidation as the housing market continues to struggle.Buy Owner service is in liquidation

CoreLogic releases 2010 Short Sale Research Study

Are short sales here to stay?????  They are for a much longer time than we realize…..”The number of short sales in the market has more than tripled since 2008, with the estimated annual volume at 400,000. Multiple variables indicate short sales will continue to be a frequent and important part of the mortgage industry”  read on….CoreLogic releases 2010 Short Sale Research Study

South Florida home values see nation’s biggest drop in a year

According to Florida REALTORS…South Florida home values suffered the worst decline of 25 large metropolitan areas in the second quarter of this year, falling 15 percent compared with 2009, according to a national real estate report….READ ON..South Florida home values see nation’s biggest drop in a year