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What Customers (and other REALTORS®) say about Bill
Piney-Z Home Owners Association
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The following e-mail was sent to every REALTOR ® with a listing in Piney-Z on June 7, 2010:
From: Bill Groover [BillGroover@comcast.net]Sent: Monday, June 07, 2010 12:40 PMTo: pineyz@comcast.netSubject: FW: Values in Piney-ZPlease don't let your Sellers give their houses away! The house at 1075 Park View Dr. closed last week at $230,300. It was a unrepresented seller. A few months ago they had a contract, but the appraisal (done by one of the best in Tallahassee) came in at $224,000, so the contract fell through. The seller hung in there and did better. But many REALTORS® would have begged that seller to take what they could and kept forcing the market down. That appraisal just happened to be the fifth house in six months that had not appraised for contract. I was able to get this detailed information, houses, appraisers names, etc . . ., to some key appraisers and help them see. "One hou se notappraising for contract is pretty obvious you had a Seller's dream Buyer fly in from San Bernandino and think he found a steal. But FIVE? Five tells me Buyers are willing to pay more, the market has bottomed, but appraisers haven'trealized that yet. Appraisals have become self‐fullfilling prophecies ."Since then, we've seen some average $/SqFt increases (last five sales of 2009 avg. $116/SqFt, last five sales avg $123 SqFt). And this house, with over $3/SqFt increase in a few months, is real good evidence. As of today, June 6 (check MLS) under 1800 SqFt we have 12 available, and 21 closed in the last 12 months. These numbers represent the closest thing to a balanced market (6 mos supply) you've seen in a long time. If you've got a Buyer who is waiting for prices to bottom out, tell them the time is right. Interest rates likely won't go lower, and if they go up, house prices will have to plummet to keep your Buyer from losing big on their gamble. Thanks, and let's try to bring each other a GOOD buyer! Bill Groover Bill Groover , CRS, GRI, SFR, CLGLic. Real Estate Broker Groover Realty, L.L.C./dba/ C ALL YOUR NEIGHBORComplete Real Estate Services Home/Office: 4930 Heritage Park Blvd. Tallahassee, FL 32311-121 4Mail: 400 Capital Circle SE Ste 18137 Tallahassee, FL 32301-3839 Phone: (850) 562-8000 Toll Free: (888) 749-5926 Fax: (850) 205-3100 2 DISCLAIMER: This email and any files transmitted with it are confidential and are intended solely for the use of the individual or entity to whom, they are addressed. If you are not the original recipient or the person responsible for delivering the email to the intended recipient, be advised that you have received this email in error, and that any use, dissemination, forwarding, printing, or copying of this email is strictly prohibited. All messages of a business nature are automatically Bcc'ed to my legal counsel and should be considered privileged under lawyer/client. If you received this email in error, please immediately notify the sender. Thank you, Bill Groover
Call Bill Groover, 562-8000, for an appointment. Call Your Neighbor |
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