Tuesday, November 3, 2009

Land Market Trending for Next Year

~Excerpt from the Coldwell Banker Commercial interview with Dean Saunders, ALC for the Inside Blueprint profile feature:

Q. How would you categorize the market for land sales, currently and over the next year?

A. As has been widely reported, everything is in either recession or the very early stages of recovery.

Traditionally the markets that were most heated are usually the ones that correct the most and are the best places to buy. Land is unfortunately not in that category and trails behind most of the other commercial markets.

Disposable money is not being used for land deals. It’s often said, “Land is the first out and the last in.” However when the recovery is final, there will be a window of opportunity to capitalize on land deals.

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Dean Saunders earned the distinct title of 2008 Coldwell Banker Commercial Global Sales Professional of the Year and we’re profiling him as this issue’s feature story for Inside Blueprint.

Dean is currently the president of Coldwell Banker Commercial Saunders Real Estate in Lakeland, Florida. Dean comes from a family with long history in Florida agriculture and his career has taken an interesting path, as he was a former Florida legislator prior to becoming the owner of a Coldwell Banker Commercial affiliate.