Welcome to Quarter 4:

Thursday, November 10, 2016

The fourth quarter is a time of celebration.  It starts with Halloween, moves to Thanksgiving and then Christmas, Hanukkah and the many other religious and non-religious celebrations.  It’s hard to stay focused.  But…here’s the deal:  Houses will be listed for sale and houses will get SOLD throughout this quarter, and perhaps more importantly, numerous prospective buyers will be visiting our area and will undoubtedly get excited about moving here.  Q4 is Lead Generation Time and we’ve got over 400 agents receiving leads and performing lead follow-up.  Want to know the secret?  The agents who work in Q4 are the agents that will rock it in Q1.  If you’re thinking of buying or selling real estate, now is a great time and you’ll be dealing with the Great Agents.

There will be numerous listings and sales in Q4.  The fun part is that most agents start slacking off.  So, the agents who stay engaged (like Our Agents), do really well.  For example, our little company, which happens to be the #1 CENTURY 21 Firm not only in Florida but the entire Southeast United States, took 261 new listings in Q4 last year, wrote 705 Sales contracts and Closed 606 transactions.  Did you notice the nearly 3:1 ratio of Listings Taken to Sales? – Yes, we need Homes to sell to all these Buyers!  Call the agent who sent you this newsletter and take them up on their offer for a FREE Market Analysis.  If you’re serious about Selling, get on the market now; if you’re not serious about selling, stay off.

Often times many people think: I’ll wait until after the New Year to buy or sell.  This year, that may not be a good strategy for two reasons:  1) This is an election year, and things go batty during election years.  There’s already talk of the Fed raising interest rates after the election. If you’re thinking about buying and you’re planning on obtaining a mortgage, we know what interest rates are now, but we don’t know what they’ll be next year. 2) This is mostly for Sellers but there is typically less inventory on the market over the holidays. You’ll have a lot more competition after the New Year.

My advice: Buy as much home as you can and finance as much as you can at today’s generationally low interest rates.  Rest assured, a bank won’t lend you the money if they’re not darn sure you can repay it.  One day in the future, when interest rates go back to normal, you’ll be looking like a Rock Star with your fixed rate loan at the 3+% rate.

Curious what your property is worth?  Our exclusive Strategic Market Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell and, of course, we’ll educate you on the supply of homes in your market.  And it’s free, without any obligation. Who knows, your home may be worth more than you think!

If you or someone you know is thinking about taking advantage of this rising real estate market and super low long-term mortgage rates: Please, give us a call and let us demonstrate how our system provides better results and a more pleasant experience.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

Perhaps a Different Perspective:

Thursday, September 08, 2016

I belong to a Worldwide CEO group called Vistage International, and have been involved with this group since 2003.  My group consists of 14 CEO’s from a vast variety of industries.  We rode the good times in the early days and we rode the downturn together.  While a few didn’t make it, most survived, albeit weaker than we started, but smarter nevertheless.  I share this with you because lately, my group has been leery that the real estate market is showing signs of repeating the sins of the past that created the Boom that led to the Bust.

Being intimately familiar with both the Boom and the Bust in Real Estate, I’m here to tell you that what we’re now experiencing in Real Estate is far from what got us to the Boom/Bust of the mid 2000’s.  Please allow me to take you back to the early 2000’s.

  • NINJA Loans were prevalent (No Income, No Job, No Assets). An unqualified buyer could “lie” on a loan application and get a loan.  This is far from the case today.  Today, No Income, No Job, No Assets = No Loan Today!
  • Appraisers could run rampant. Loan Officers had “pet appraisers” who would mysteriously arrive at the contract amount.  Not the case today.  Heck, the Loan Officer and Real Estate Agent are not even allowed to speak to the Appraiser anymore, much less choose who they’ll be.  Today appraisers are randomly selected from a rotation pool which is controlled by an appraisal management company.
  • You could buy a home for $300,000 and “flip” it the day of closing for $375,000. Not Today.  Most government loans have a minimum 90-day hold policy.
  • New Home Construction was nearly double the pace it currently is.
  • Negative Amortization Loans were plentiful – These don’t exist today.
  • Prices were rising at record rates, some reaching 20% annually – Today, many markets are flat, while others have modest 3% to 5% appreciation year over year. Remember, Real Estate is Hyper-Local – There is no National, State or County wide market.  Heck, we can drill down to types of homes in a subdivision that have different market characteristics.

I bring this topic up this month, quite honestly, because I’m tired of hearing that we’re recreating the past with incentives and low interest rates.  It wasn’t incentives and low interest rates that created the bubble.  It was caused by loose lending policies.  And we do not have those today.

My advice: buy as much home as you can and finance as much as you can at today’s generationally low interest rates.  Rest assured, a bank won’t lend you the money if they’re not darn sure you can repay it.  One day in the future, when interest rates go back to normal, you’ll be looking like a Rock Star with your fixed rate loan in the 3+% rate.

Curious what your property is worth?  Our exclusive Strategic Market Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell and, of course, we’ll educate you on the supply of homes in your market.  And it’s free, without any obligation. Who knows, your home may be worth more than you think!

If you or someone you know is thinking about taking advantage of this rising real estate market and super low long-term mortgage rates: Please, give us a call and let us demonstrate how our system provides better results and a more pleasant experience.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

A Functional Team Always Provides a Better Experience than an Individual Agent!

Thursday, July 07, 2016

At CENTURY 21 Beggins we operate differently from most other brokerages. Unlike most, we’re heavily involved in the servicing of our buyers and sellers.  Our philosophy is that the agents should be free from much of the administrative work so that they can focus on providing our customers with her or his “Finest Real Estate Experience…GUARANTEED!”  I was taught by my Dad when we started this company 24 years ago that the Broker has the responsibility of providing a consistent level of service to its customers.  Many brokerages leave the entire experience up to the individual agents, which leads to inconsistent service.

Between our CENTURY 21 Affiliation, our ownership in Paramount Title, DiscountLoans.com and Global Home USA (Home Warranty) as well as our 38 member support staff, your CENTURY 21 Beggins Agent has support across multiple industries to ensure excellent marketing and smooth closings.

To demonstrate, once a Seller decides to hire CENTURY 21 Beggins, the listing agent prepares the paperwork and submits it to our support staff which inputs the listing into our CENTURY 21 System.  Then, POOF, all of a sudden our CENTURY 21 Team goes to work creating your Unique Property Website, your branded YouTube video, your Golden Ruler Reports and, of course, marketing on CENTURY2:1.com and all of its affiliate sites – like Century21Global.com which reaches all over the world, as well as Century21FineHomes&Estates, Century21Espanol and Century21 Commercial when applicable.  All of this is done for you without the involvement of your agent so they can spend their time working on your behalf with Buyers for your property.

Then comes the role of our support staff:  They’re responsible for unleashing the rest of our marketing platform, including, but not limited to, MLS and the top websites like REALTOR.com, Zillow, Trulia and literally hundreds of other syndication sites.  Files are reviewed for compliance, welcome letters are sent with copies of signed paperwork, yard signs (if applicable) are ordered and installed, multiple high quality photos are uploaded to multiple databases…and in record time, a complete world class marketing program is launched for you, so your agent is free to do what they do best:  Talk to people about your property, while the brokerage knows that a consistent level of service has been delivered.

Now enter our partner companies: Your agent has Title resources, Lender resources, Home Warranty and Insurance resources to further complete our comprehensive marketing approach to identify and solve potential issues that arise from time to time, for the purpose of making your Buyer feel comfortable, thereby ensuring a better closing experience.

In closing, your CENTURY 21 Beggins agent has a functional team of support so we can provide you with your “Finest Real Estate Experience…GUARANTEED!”

Curious what your property is worth?  Our exclusive Strategic Market Analysis (SPA) allowsYOU to pick a price according to your personal motivation to sell and, of course, we’ll educate you on the supply of homes in your market.  And it’s free, without any obligation. Who knows, your home may be worth more than you think!

If you or someone you know is thinking about taking advantage of this rising real estate market and super low long-term mortgage rates: Please, give us a call and let us demonstrate how our system provides better results and a more pleasant experience.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

We’re Here to Help You Clear the Clutter!

Wednesday, June 08, 2016

Let’s face it – most real estate agents don’t provide a lot of value.  With the heavy usage of the internet, consumers have access to massive amounts of information about real estate.  At CENTURY 21 Beggins, we train our agents on systems of working with Buyers and Sellers that are designed to Empower, Educate and Encourage our customers to make sense of all this data.  After all, in my opinion that’s where the agents can provide the most value.

Real Estate Agents have a tough job!  Often there are up to 200 different actions that may be called upon in order to have a successful closing.  Just think about all the parties involved in making a real estate transaction close.  Buyers, Sellers, Agents, Lenders, Title Companies, Insurance Agents, Surveyors, Home Inspectors, Repair people – and that’s just the short list.

As we strive to provide more value and demonstrate relevance to the transaction, we’re focused on ensuring that we clearly understand the needs of our customers and provide solutions that resonate with their objectives.

For Buyers:  We believe the agents should first interview the customer by asking a series of questions about their housing needs.  We call this our “Lifestyle Profile”.  Once we help you get even clearer on your housing needs, we find it beneficial to discuss the roles and goals for each party (Buyer and Agent) as we both have responsibilities if we’re going to have a successful closing.  We call this process our “Handshake Agreement”.  And finally, for buyers obtaining a loan, we encourage a loan pre-approval.  The mortgage process is complicated and the process must begin early.   Currently many Seller’s won’t consider an offer and often won’t allow a showing without one.

For Sellers:  Our system begins with an in-person preview of the property.  At this meeting, we identify the competitive advantages of your property to then make an accurate comparison with other properties on the market and those that recently sold. This way, we can empower, educate and encourage our Sellers to make an educated pricing decision.  And, similar to the Lifestyle Profile for Buyers, we perform a pre-listing interview so we’re clear on your expectations and timelines.  Next, we share a brief video that we prepared to demonstrate what you can expect from our firm and your agent.  We encourage you to watch it before our meeting to save your time at the actual listing and pricing presentation.

Curious what your property is worth?  Our exclusive Strategic Market Analysis (SPA) allowsYOU to pick a price according to your personal motivation to sell and of course, we’ll educate you on the supply of homes in your market.  And it’s free, without any obligation. Who knows, your home may be worth more than you think!

If you or someone you know is thinking about taking advantage of this rising real estate market and super low long term mortgage rates: Please, give us a call and let us demonstrate how our system provides better results and a more pleasant experience.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

Stop Listening to the Media!

Wednesday, May 11, 2016

I saw a newspaper headline the other day that said – “Low housing inventory drives housing prices up.”  I hate headlines like this.  As a responsible, and long-standing Real Estate Brokerage, we try our best to give sage advice.  Then, while we’re advising our customers about the realities of the market they’re looking at, out of the blue someone says, “But the newspaper said…”

There is no Nationwide Real Estate Market, nor is there a citywide market nor a countywide market.  Real Estate is Hyper Local.  As a brokerage with now over 400 sales associates working in Sarasota, Manatee, Pinellas and Hillsborough counties, I can assure you that we are seeing far different activities in nearly every market that we serve.

For example, as of the writing of this article, the Sun City Center market as a whole has a 2.3 month supply of available homes.  Said another way, if no more listings come on the market, there will be no houses left to buy in Sun City Center in 2.3 months.  Conversely, in the zip code surrounding our Sarasota office, there’s a 10 month supply of homes, South Tampa’s hot with barely a 5 month supply of homes and the Gulf Beaches are a little out of balance with an 8 month supply of homes.

Let’s drill down even further.  Apollo Beach has a 6 month supply of homes, however the MiraBay community has over a 10 month supply of homes.  So different communities within markets can have different dynamics at play as well.  Can you see why you need an agent to help you navigate through this process?

What does all this mean and why am I telling you this?  One of the services customers expect from their agent/broker is market advice.  Market advice does not come from the newspaper.  It comes from living on the streets and studying the trends.  Depending on our clients’ motivation and the current market for their home, we may suggest an aggressive pricing strategy to make the home be one of the first to sell, or we could recommend a higher price to take advantage of the market, or we may recommend staying off the market for a while to give those who are desperate to sell a better chance.  This is where our exclusive Strategic Pricing Analysiscomes in, it’s how we empower, educate and encourage you to make the right decision based on your needs.

Curious what your property is worth?  One of our excellent agents will ask you a series of questions and show you 15 properties like yours in 3 different categories. We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market. Our exclusive Strategic Market Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell and of course, we’ll educate you on the supply of homes in your market.  And it’s free, without any obligation. Who knows, your home may be worth more than you think!

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market and super low long term mortgage rates.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

(800) 541-9923

Happy Spring Buying & Selling Season!

Wednesday, April 13, 2016

Happy April and Welcome to the Spring Selling & Buying Season.  Who would have thought this Real Estate recovery would be so slow?  After all, the bust was 10 years ago and we’re still not back to the boom pricing in most areas.  As we end the first quarter of 2016, we have learned that Real Estate is Hyper-Local.  Of the 4 counties we serve, there are pockets of extremely low inventory indicating a strong Sellers’ market and there are other pockets where there’s inventory in excess of a 10-month supply of homes.  Our advice: ask your agent about the local market activity and stop listening to statewide or national trends.

Allow me to give you a thought.  We all know by now that those of us who bought homes between 2005 and 2008 may not yet be in a position to sell for a profit.  Believe it or not, not everyone bought their home during those years and for those of us who bought our homes, say, in 2004 or earlier, you may be surprised.  Assuming you didn’t re-finance and already take your equity out, in most cases, if you’ve owned your home since 2004 or earlier, you’ll be surprised to find a few really positive things.  First of all, if you have a mortgage, check to see how much principle you’ve paid off over the last 12 or more years.  You may be surprised.

Here’s the thought I’d encourage you to think about:  If you bought your home in 2004 or earlier, you can probably sell it for substantially more than you paid.  That, coupled with the principle you’ve paid down, may give you a substantial down payment for a different home.  Be it larger, smaller, fancier or more modest, there’s nothing to keep you from taking advantage of this market.

What are some of the advantages of buying a new home today?  In my example, your current home is at least 16 years older than it was when you bought it.  It may be time for some sizeable repairs.  New technologies available today are making homes a lot more efficient.  Today’s “green” building standards are producing high efficiencies and very safe homes.  And of course, locking in a 30 year fixed interest rate loan at less than 4% is a gift that many won’t have the chance to enjoy for much longer.

Imagine trading in your old home for a new, perhaps more appropriate one, putting some cash in your pocket and ending up with lower monthly payments than you currently have.  This is a reality for many today.  Not everyone bought their homes between 2005 and 2008.

As the broker for this fine company, the writing is on the wall.  We’re selling more listings than we’re taking.

Buyers are out in droves.  We’re in need of more homes to sell And we can get you Top Dollar!

Why not give us a call and get a FREE Strategic Pricing Analysis to see what you could really sell your home for and while you’re at it, ask your CENTURY 21 Beggins Agent to share some of the new home inventory that’s available now.  We partner with 8 of the largest homebuilders in the region and can help you get that new home of your dreams.  Not interested in a new home?  Ask your C21 Beggins agent to set you up on a MLS search for homes in an area you may be interested in.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

What is a Certified Pre-Loved Home?

Tuesday, March 15, 2016

I was reviewing 2015 production.  I’m proud to say that CENTURY 21 Beggins finished 2015 as the #1 CENTURY 21 Firm in Florida in both Units and Sales Volume, and we ranked #14 in the WORLD out of nearly 7000 CENTURY 21 offices around the globe.  A quick aside:  Did you know that CENTURY 21 sells more houses outside of the United States than it does in the United States?  We are truly a Global Real Estate Company and that enables us to sell more homes and help more buyers.

In any event we sold 3600 properties in 2015, however we only closed 2,600.  We typically keep about 400 pending contracts at any time.  Quick math reveals that about 600 contracts cancelled.  Any good Broker would want to know what causes so many contracts to cancel, so I did some research.  We found 3 main areas, and two of them are almost totally out of our control. 

Area 1:  Appraisals.  Buyers choose houses based on what’s available to them on the day they decide to buy.  In a rising market, typically, new houses on the market cost more than houses that recently sold.  That’s normal.  However, appraisers, hired by the bank, use closed sales from the past 6 months to determine value.  Too often, we sell a house to a buyer who’s willing to pay the negotiated price only to find that an appraiser doesn’t agree with the Buyer’s assessment of value.  If the Seller doesn’t adjust the price or if the buyer can’t raise the additional cash for the down payment, the contract cancels.  There’s not much we can do about that.

Area 2: Lender Qualification.  Serious Buyers obtain pre-qualification before they begin looking for homes.  The pre-qualification process typically does not drill down into proof of the buyer’s qualifications.  In today’s strict lending environment, in an effort to avoid another mortgage meltdown, underwriters scrutinize every file.  If everything doesn’t line up, they deny the loan.  Again, there’s not much we can do about that.

Area 3: Inspections.  Nearly all buyers obtain home inspections when they select a home and nearly all home inspectors find issues in a home.  This is an area I feel we can do something about.  Let’s face it, there are issues that pop up when selling/buying a home.  The hard part is that when those issues pop up, too often buyers lose confidence in the home and sellers get frustrated, dig their heels in and contracts fall apart.  Our Certified Pre-Loved Home TM program has the Seller put the property through a series of assessments before we put it on the market.  Title Search, Lien Search, Inspections, Insurance qualifications, Loan Options, etc.  This has turned out to be a great way to ensure that contracts stay together and Buyers and Sellers have a more enjoyable experience.  Ask your CENTURY 21 Beggins agent to explain how our Certified Pre-Loved Home TM program works and see if it’s right for you.

Curious what your property is worth?  One of our excellent agents will ask you a series of questions and show you 15 properties like yours in 3 different categories.  We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market. Our exclusive Strategic Pricing Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell. And it’s free, without any obligation. Who knows?  Your home may be worth more than you think.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market and super low long term mortgage rates. 

Until next time, may you have fair weather and following seas!

Craig Beggins, President

CENTURY 21 Beggins Enterprises

HAPPY NEW YEAR!

Wednesday, January 06, 2016

From Sarasota to Clearwater Beach and all the markets we serve in between, 2015 was the best year for our company since 2005.  While property values are not quite back to 2005 levels, they’ve come a long way.  With the Federal Government acknowledging an economic recovery by raising the federal funds rate, it’s looking like now is a great time to Move Up, Move Down or simply move around to obtain the home of your dreams and lock in super low, long term interest rates before they begin what’s likely to be a slow but steady climb.

Switching gears, as we prepare our salespeople for 2016, the first thing we ask is that they set exciting goals, goals that give them goosebumps.  Real Estate Sales provides the opportunity for virtually unlimited income.  Please recognize that there are two spectrums of Unlimited.  Zero to Infinity!  We consider our company to be a Life Betterment company.  Based on the philosophy that you can have everything you want in life if you help enough other people get what they want.  I was thinking about this concept and I became curious how many people that don’t currently work in Real Estate would like to explore what a career in real estate might look like for them in 2016.

We consider there to be 3 main types of agents.  The first group we call hobbyists.  Those who do a great job for customers yet treat the job more as a hobby, creating a little extra income or something just to stay busy.  The second group, we call job seekers, also do a great job for our customers, they just don’t have the desire to “hit the ball out of the park”.  The third group we call professional salespeople, those who look at the industry as a Career.  It’s this group that has the unlimited earning potential.  Notice the only common ground we look for is to do a great job for our customers.  Feel free to read any of our agent reviews on the website and you’ll see that we’re serious about customer service.  We have room for a three types of agents in our Life Betterment Company.  If you’re curious, give us a call and reserve a seat at one of our weekly Career Nights.  We hold them each Tuesday at 5:30 and with 11 locations around the Bay Area, we probably have one near you.

We surely hope that 2015 was a great year for you and that you are excited about the opportunities that are possible in 2016.  Who knows, perhaps Real Estate Sales with CENTURY 21, the Global Leader in Real Estate could be right for you.

Curious what your property is worth?  One of our excellent agents will ask you a series of questions and show you 15 properties like yours in 3 different categories. We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market. Our exclusive Strategic Market Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell. And it’s free, without any obligation. Who knows, your home may be worth more than you think?

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market and super low long term mortgage rates.

We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos atwww.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

(800) 541-9923

Happy December!

Thursday, December 10, 2015

At CENTURY 21 Beggins we have a Saying:  For your “Finest Real Estate Experience…GUARANTEED!”  This slogan is a mindset that permeates throughout our company and it’s difficult to back up since different customers define their experiences differently.  This is one the reasons why our agents are trained to ask questions to our Buyers and Sellers before we deliver an experience.  After all, how can we deliver your finest real estate experience if we don’t fully understand what you expect?

Through these articles I’m frequently offering market information.  While relevant to some, it’s certainly not relevant to all.  For example, right now the market is brisk.  In the four counties we focus in, inventory (homes for sale) are below what’s considered normal levels leading to what’s called a Seller’s market.  A balanced market has a 6 month supply of homes.  Some of the markets we serve have as low as a 1.8 month supply.  That means that if no more homes come on the market and sales persist at the current level, that market will run out of inventory in 1.8 months.  Other markets have a 4 or 5 month supply and others have a 7 to 8 month supply.  This proves the statement that Real Estate is hyper Local and general market reports may not be accurate for your home.

That being said, we need listings in many of our markets.  We recognize that Selling Now may not be right for you, and we also realize that Selling Now may be right for you.  It just depends on your situation.

Love it or List it seems to be what’s going on now.  Lots of people are fixing up their homes because they plan to stay put, others have had lifestyle changes and want to sell now to buy something different.  Move up, Move Down or Simply Move Around. Inventory is getting scarce and we’re going to need more homes to sell to accommodate the anticipated buyers for the winter buying cycle.  Think about this when interest rates go up, payments on homes will increase.  Now is a great time to settle into a new place even if you’re just considering it.

Wouldn’t it be nice to at least know what your property is worth?  One of our excellent agents will ask you a series of questions and show you 15 properties like yours in 3 different categories. We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market. Our exclusive Strategic Market Analysis (SPA) allows YOU to pick a price according to your personal motivation to sell. And it’s free, without any obligation. What if it’s worth more than you think?  Where would you move?  What would that new place look like?  Consider buying now before prices go up, or stay where you are and watch prices go up.  Either way, wouldn’t it be nice to know?  Remember our Slogan:  For your “Finest Real Estate Experience…GUARANTEED!”  If you’re not completely satisfied, we’ll write you a check at closing for $350.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market and super low long term mortgage rates.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

Fall is in the Air – However, we’re seeing a Lift!

Thursday, November 05, 2015

I’ve had a lot of conversations with customers and past clients lately, and I’ve begun to notice a trend.  People are talking about upgrading their homes.  Then I started to notice new landscaping going in around our neighborhoods.  I started to notice Painting Contractors busy all over town.  The more I looked, the more I saw.  New Docks being built, more boats in the marinas, new boats along the canals.  What the heck is going on?

Let’s call it a Real Estate Recovery.  I had cause to review the history of our company’s performance through the great Recession.  It was a gut wrenching experience.  Our best year ever was 2005.  We closed over $500,000,000 in sales, and boy did we think we were unstoppable. Then the declines began, we fell to $400M, then $300M, then spent 4 years around $250M.  We saw modest improvement in 2011, up to $300M and we reached $400M in 2013.  This year it looks like we’ll reach $600,000,000.  That was a rocky 10 year stretch.  Basically NO GROWTH for 10 years.  We’ve all made it through.  Congratulations!

Having the memory of the prior bust still vivid in our minds, it’s difficult to get excited about the future.  Then as you have it, I attended and meeting with and economist from ITR (Institute for Trend Research) hosted by my Vistage Group.  The title of the presentation was “Forward Thinking:  2015 and Beyond”.  After this presentation I walked away with a clear message that barring a global crisis, the economic indicators for US Economy, and especially Florida, aren’t showing any near-time signs of a recession.  While we’re experiencing growth, it’s modest, slow and sustainable growth.  Nothing like the excessive growth that led to the Bubble of 2007 to 2010.

So…what does this mean?  It’s time to feel a little more comfortable.  Invest in your home if you love it, or if your lifestyle has changed consider selling now and buying something different.  Inventory is getting scarce and we’re going to need more homes to sell to accommodate the anticipated buyers.  Not sure what your property is worth today?  Find out before you consider selling or buying. One of our excellent agents will show you 15 properties like yours in 3 different categories. We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market. Our exclusive Strategic Market Analysis (SPA) allows you to pick a price according to your personal motivation to sell. And it’s free, without any obligation. We all should know exactly what our asset is worth before we decide to move up, move down or move around.

Wouldn’t it be nice to at least know what your property is worth?  What if it’s worth more than you think?  Where would you move?  What would that new place look like?  Consider buying now before prices go up, or stay where you are and watch prices go up.  Either way, wouldn’t it be nice to know?

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market. 

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

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