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October 13th, 2009 4:35 PM by David W. Welch
John has been around the block a few times when it comes to Orlando real estate. He has been selling real estate since 1971, so he has seen up markets and down markets. I am telling you this, because he came up with a perfect analogy for our current real estate market conditions. He said "you know it's like a store advertising a really great sale, but none of the cash registers are open." His point is that home prices are at fire sale prices, interest rates are at historic lows, but the banks just cannot get the deals done. Nobody is working the registers to check out the customers. You cannot get an approval on a short sale, you cannot get an answer on your REO offer, and getting financing is about as hard as I have ever seen.
So come on down to the Orlando real estate store. We have a big sale going on, but the lines at the register are a little long. Almost 9,000 pending sales; now serving number 12.
Orlando Real Estate, David Welch Real Estate Optimist