Denver, CO (PRWEB) August 30, 2006
There is a substantial rise in inventory of both new and existing homes in the real estate market. As one developer put it, “The party is over!”
“It’s not an opportune time to be selling a piece of property,” says Steven Roszell, owner of HotelsforSale.com and CondoHotels.com. “You have about four million people trying to sell their properties nationwide. Florida alone has over 100,000 condos on the market, with another 100,000 in the pipeline.”
Challenged by the competition of sheer volume, sellers are looking for creative ways to advertise their properties. Roszell anticipated this, and has changed the structure of his company, CondoHotels.com, to accommodate this rising need.
“Speculators no longer dominate the real estate market, as they did 2 years ago,” says Roszell. “People are now selling, and it may be particularly difficult for owners trying to sell their condo hotel unit. They have a unique property that needs to be distinct from the regular condos and homes.”
Roszell’s website now offers a specialized niche for condo hotel owners, developers, renters, and buyers. “We’re basically streamlining the condo hotel market,” states Roszell. His business model takes an aggressive approach, using innovative services to highlight properties for buyers, sellers, or those simply searching to rent. “Seventy-five percent of all real estate buyers use the internet before they buy. We want to make sure we’re doing what we can to make our properties stand out from the rest,” says Roszell.
CondoHotels.com utilizes several services to feature properties. The Condo Hotel Connection, a nationwide primetime TV show with exposure to over 28 million households, showcases properties 8 times a month on both DIRECTV and Dish Network. The show is available for viewing on the CondoHotel.com website as well. CondoHotels.com also works with some of the largest and most prestigious auction houses in the country. These auction houses offer an accelerated sales program and advertise in well known national publications. Other services include Internet TV and trade shows.
“This is a polarizing time in the real estate market,” says Roszell. “Lots of sellers produce a great opportunity for buyers. We’re hoping to cover every base for everyone.”
Licensed Real Estate Broker CO and FL