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 We’ll choose 5 homes on the market now similar to yours, 5 homes that have sold and 5 more that have expired or withdrawn from the market.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