Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

Spam prevention
Rainmaker
1,718,299
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No, won't.

Nov 29, 2018 01:21 PM
Ambassador
4,569,360
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Keep in mind that this is just an average, there are many cash buyers out there, and many who are leveraged to the limit.

Nov 29, 2018 03:50 PM
Ambassador
1,703,675
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If you were a really great investment specialist then these are the folks who can build wealth with investment reale state and never pay taxes on the income.

Nov 29, 2018 01:33 PM
Rainmaker
1,273,483
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I don't think so.

Nov 29, 2018 12:55 PM
Rainmaker
5,688,442
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope. However, it does tend to indicate that many home owners may have the resources to purchase another property.

One of the problems is that many of the home owners with high equity positions are in their senior years and have limited incomes.

Nov 29, 2018 12:11 PM
Rainmaker
2,858,187
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I agree with Roy Kelley - I see many of these folks pass away as Don Baker mentions.  

Nov 29, 2018 01:41 PM
Rainer
193,641
Don Baker
Lane Realty - Eatonton, GA

No, typically these are not people looking to sell in our market.  Their kids will sell after they pass so my wife mails them things, but they aren't high volume sellers. 

Nov 29, 2018 01:25 PM
Ambassador
2,417,571
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Probably not.

Nov 29, 2018 01:19 PM
Ambassador
3,616,563
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Those are not only the ones that lenders would want to target for re-financing/HELOC products but, agents too!

Those homeowners have the funds to buy without selling - the best buyers!

Nov 29, 2018 12:21 PM
Rainmaker
3,378,450
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't understand the question. Sellers sell when they need or want to... that is not in my control as a business strategy.

Nov 29, 2018 02:34 PM
Rainmaker
5,273,522
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

ditto to what Roy Kelley said....

Nov 29, 2018 12:28 PM
Rainmaker
1,709,897
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

It would not change my business strategy but it would certainly effect the strategy of my next mailing to that group Annette Lawrence , Palm Harbor, FL 727-420-4041 

Nov 29, 2018 12:01 PM
Rainmaker
3,125,732
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Better equity rich than under water any day. Your home is not ATM and should not be used for that purpose 

Nov 29, 2018 05:16 PM
Rainmaker
749,566
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I think that a sales campaign designed around "how to put your equity to work" might resonate with some owners.

Nov 29, 2018 04:05 PM
Rainmaker
3,493,094
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Are you interested in selling and can I provide you a net sheet for your consideration?

Nov 29, 2018 03:51 PM
Rainmaker
872,038
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Not at all. I'm always skeptical of reports that offer national statistics and use weasel words like "estimated market value". Real estate is local so I am only concerned with reliable local statistics and information.

Nov 29, 2018 06:09 PM
Rainmaker
3,062,918
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Bob Crane nailed this one!

Nov 30, 2018 07:39 AM
Rainmaker
4,432,589
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Nov 29, 2018 05:19 PM
Rainmaker
3,352,883
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It is interesting but I would not do it.

 

Dec 04, 2018 12:46 PM
Rainmaker
4,270,939
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Our market has skyrocketed, and many are equity rich, but don't want to move.

Dec 03, 2018 04:28 PM
Rainmaker
3,985,335
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

First off I am not a fan of national stats.  Give me local to be accurate

Dec 02, 2018 06:36 PM
Rainmaker
563,107
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Roy raises a very valid point.

Dec 02, 2018 03:16 PM
Rainer
1,240
Hilda Munoz
Lebon Real Estate Inc - Pinole, CA
Specialized in listing downsizing or upgrade,buyer

My Advised to the agent is to find the equity rich homeowners and see if they want to capitalized on this market by selling it! 

Nov 30, 2018 01:03 PM
Rainmaker
1,287,832
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope, doesn't change anything for me.  Homes with equity is the norm in my book, not the excpetion.

Nov 30, 2018 10:56 AM
Rainmaker
807,867
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

I would have to agree with Roy on this one, that most home owners with over 50% equity are probably older and are not looking to move. The only thing that might make sense is if you marketed to the elderly with equity who might want to downsize.

Nov 30, 2018 10:10 AM
Rainmaker
4,798,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not a bit.

Nov 30, 2018 07:55 AM
Rainmaker
2,534,033
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

For the trade-up market this is certainly relevant...For any other purpose I am an advocate of paying off ones mortgage and debt when possible

Nov 30, 2018 07:47 AM
Rainmaker
1,064,932
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

no

Nov 30, 2018 05:25 AM
Rainmaker
1,505,323
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

In CA prices are high, it is a great time to sell if anyone has such plans( especially those who need to downsize), but if you ask me if it is a good time to buy..... it very much deepens on a personal situation and financial abilities. 

Nov 30, 2018 12:13 AM
Rainmaker
785,331
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

In my experience that is not true. 

Nov 29, 2018 11:06 PM