Continued from 2005 - http://www.topteamweb.com/investorinfo.html

Everyone has a "ball park estimate" about the future profits of their potential real estate purchase. For Investment Condos - What return do you anticipate or must have on the rental income and the price appreciation to consider making a purchase?

Past performance is no guarantee of Future Results. We advise our buyers to avoid buying any properties that rely on ongoing appreciation similar to the past in order for the deal to still make sense. We try to locate properties based on sound fundamentals that will weather potential readjustments in the economy. The real estate market has always been flexible. The Sale Price has always been what a seller and buyer agree to accept to close a deal. In the last three to four years in many florida areas ...a percentage of sellers and buyers have agreed to close deals at ...and above ...the asking price.

Gulf Front...Waterfront and Investment Properties are best examples of this trend. In the middle of 2005 we have noticed that the trend has abated somewhat and asking prices are trending downward.

OVERPRICING - Early 2005 Example - MLS# 7097049 Asking Price $275,000 Address: 530 Mandalay Ave Clearwater Beach 560SqFt - 2 Bed - 1 Bath - Previously in 2005 was asking $170k then $190k then $210k and now $275k....the seller increased the price every time there was an offer at the lower price. We contacted the listing agent thinking there was a legitimate reason and asked for rental income - Annual Rental income in 2004 was $5,444.00 - (withdrawn from the market May 10, 2005)

Example #MLS 7083580 - 7 Day Rental - Reduced from $439K January 2005 then $398K March 2005 then to 365,000 then withdrawn from the market on May 11, 2005 Overpricing and Negotiating in the best interests of a Buyer

Example- MLS # 7076244- Overpriced Asking Price: $420,000 30 Day Waterfront Investment Condo - Sold Price: $325,000