How the Power of Suggestion Can Ruin a Good Real Estate Professional

by Roberta Ross

Are you one of those agents who is easily influenced by negative media or the long faces of your depressed colleagues?

If so, then this market is much worse than you think.
Why? Because while you spend your time wallowing in the doom and gloom, serious-minded agents are rising to the challenge and capitalizing on the opportunities that today's market presents-the ones you're leaving behind.

That's the bad news. And the really bad news is that when the tides of economic change do turn, those agents will have already developed trusting relationships with their sphere of influence, niche markets and business-to-business networks. They'll be positioned for expansive growth and unparalleled success while the "Negative Neds and Nellies" of the real estate world remain knee deep in "what's wrong with the world." My suggestion? Don't join them!

The good news is that every change in business and in life brings with it both challenges and opportunities. If you're ready to turn your "news" into good news in your business, your life and even in your relationships, start by changing one word, one action, one habit each day from negative to positive-and let the real power of suggestion ignite your spirit and improve your production. Do this, and you might just decide that this market is much better than you think.

Here are some ideas to get you going:

Read more here.

Miami Dade Assistance for First Time Homebuyers

With the Housing Finance Authority’s mortgage loan programs, moderate income families have a fighting chance at becoming homeowners.

30 Year Assisted Rate Loan
Program Features·

• First mortgage loan with a fixed interest rate at 6.55%.
• You have 30 years to repay the loan.·
• 4% cash assistance for down payment and closing costs.
  

How to qualify
You must occupy the home as your primary residence.
Credit, employment and living expenses will be evaluated.
The maximum purchase price* for a new or existing home is $525,090.
Family income limits:*
$72,360 for a family of 1 or 2
$84,420 for a family of 3 or more

For more information, call Lisa at 305-984-0404 or email pegasuslm@comcast.net

Bloomberg Article on Florida Real Estate Bottom

Florida Real Estate Bottom Signaled by Sale of Distressed Condo

By Bob Ivry

Sept. 4 (Bloomberg) -- Sales of distressed Miami properties have begun, signaling a bottom for south Florida's real estate market and the end of waiting for vulture funds armed with about $30 billion to spend.
The sale of 120 condominiums last month to a Philadelphia private equity firm and Related Group of Florida, a development company led by Jorge Perez, ``broke the logjam'' for investors targeting the oversupply of condos in downtown Miami, said Peter Zalewski, owner of the Condo Vultures LLC consulting firm in Bal Harbour, Florida.
Regional and community lenders are starting to market properties in Miami, where the median condo price in July fell 19 percent from a year earlier, according to the Florida Association of Realtors in Orlando. Banks that were reluctant to take real estate-related writedowns may be forced by regulators to sell homes that sit empty and mortgage notes that aren't being paid, said Jack McCabe, founder of McCabe Research & Consulting LLC in Deerfield Beach, Florida.
``There's a purging going on,'' McCabe said. ``It's my belief that the vulture buyers would form the bottom of the real estate market, and we're almost there. That bottom may last for three years as foreclosure sales go on.''

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