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September 30th, 2009 9:54 AM by David W. Welch
first time home buyer tax credit expiring at the end of November, I expect the surge to continue through November.
Our pending sales continue to rise with over 8,900 homes under contract as of this morning and more than 3,700 new contracts written this month. It appears we are continue to outsell the banks' ability to keep up with short sale, REO and loan approvals. I personally could close eight more transactions in October that require bank cooperation. I expect I will close one of those deals in October, maybe two. Talk about a boost to my own personal economy and the personal economies of the title agents, loan officers, appraisers, surveyors, and inspectors involved in these potential sales. I have read that up to 60 people "touch" each real estate transaction that closes, so let's keep the summer time sales rolling in.
Orlando Real Estate, David Welch Real Estate Optimist