About the Author:
George Sinacori is a Licensed Real Estate and Mortgage Broker in Florida. Practicing and investing in residential real estate in South Florida since 1990. Previously involved in residential, commercial and business investments in NY, he presently operates GES Real Estate, LLC a discount real estate brokerage in South Florida. He is a military vet. He holds a bachelor degree in business management.
GES Realty LLC is small and experienced with 4 broker/agents in 3 counties including himself.
Contact him at 877-566-2430 or 561-306-6736. You can reach George on the web at www.ges-realty.com
You can also email George at george@ges-realty.com
Today’s Best & Worst Real Estate Markets
According to Money Magazine, some real estate markets will continue to experience prices free falling over the next 12-18 months before bottoming out. On the flip side of that forecast they’ve also published the fastest growing real estate markets in the nation. Even as prices continue to deflate, there are actually areas that have appreciated in value and continue to post gains.
For the sake of this blog I’ll save the best for last.
5 markets that are forecast for steep losses over the next 12 months: Read more
Buying Season
SPRINGTIME
Historically the best time for families to buy or sell a home. Sellers waiting for spring can prepare the home for market and buyers know that spring time always offers enough choices for them to find that just right home in the just right neighborhood for a little less than they’d want to pay.
Short Sale Adventures
My wife and family occasionally provide me with leads. They have great confidence in my professional abilities and trust in my character, so these leads can sometimes be challenging. This is a brief but still disturbing example of one of those more challenging adventures. Read more
Scrutinizing Equity Lines
Several weeks ago, during a conversation with the owner of a Mortgage Lender here in South Florida I was told that some large banks had started blocking existing HELOC’s ( Home Equity Lines ). Read more
Still Crazy After all These Years
It may seem like now would be a good time for any seller to just take the money and run. It may seem like any intelligent offer on real estate would be considered a gift and the seller lucky. It may seem that just about everyone gets it by now. Ahhhh.. Read more
Attitude Matters
An associate comes into our office each and every day cheerful and smiling. Happy to see everyone and generally bubbling over with enthusiasm. This in a down market where I have trouble even finding an associate in the office no less one with a great attitude. I of course had to corner the happy soul one morning for a sit down. When I asked how they managed to keep their spirits so high every day I was let in on what has become one of the simplest measures of a persons worth I’ve found. Read more
2007 Foreclosure Report
On Feb. 13th, 2008 RealtyTrac released it’s year end 2007 Metro Foreclosure Report. I found it interesting enough to highlight some of it on in My Blog because I believe these stats affect each of us on some personal level. None of us are immune or isolated from the current global economy, which is a direct result of the mortgage market mess we are in. However, we always have opportunity. Read more
“Project Lifeline” may be just more posturing.
The current Administration has come up with a new plan to “help folks in foreclosure”. Don’t you just love how we all become “folks” whenever politicians talk? …. Anyway , the latest brainstorm out of D.C. came last week when Treasury Secretary Paulson introduced “Project Lifeline” and, not surpisingly, Al Jackson, Secretary of HUD quickly stood behind it. The plan in it’s simplest analysis is for the Administration to “encourage” 6 of the nations largest lenders, who are collectively responsible for more than 50% of all mortgages nationwide to offer a “freeze” on any rate adjustment that may send a homeowner over the edge. This is not limited to “folks” with sub prime ARM’s but also extends to less risky borrowers with Alt-A and even prime loans. Read more
