South Florida Real Estate offers a full array of different options to satisfy every taste. South Florida also has a great diversity of homes for sale to fit every lifestyle. From a place to raise a family like Miramar, Pembroke Pines, or Weston Estate Communities, to a young executive looking for the Urban City Living in Miami Lakes,Miami Beach, Hollywood, Aventura, or Fort Lauderdale, to adults looking for a place to retire in Luxury Adult Communities as in Coral Springs, Davie, or Coral Gables, South Florida is the place.
But recently real estate for sale has replaced investor interest and initiated an immense 39% drop in properties sold compared to last year. Homes are sitting on the market for 90- 120 days, vastly varied from the 30 day average just a few months ago. Therefore, rates are regressing, rendering real estate reasonably priced once more, relinquishing ruling power to the buyers. Regressing real estate rates do not represent a regional repugnance, but rather a national decline in residential real estate rates as supply has surpassed demand.
In stock market investing there is one very sound rule, "Buy on weakness and sell on strength". This certainly holds true now with Florida real estate. We are at a weak point now in the market. What's keeping many buyers on the sidelines is uncertainty. No one wants to be a sucker. They are probably saying, "What if I buy now and the value decreases"? Look at it this way. Now is probably not the right time to do short term property flipping, however if you can afford to buy Florida real estate at today's prices and hold on to it for five to seven years how much do you think the real estate will appreciate? If you are thinking of buying a primary residence and plan to reside in it for at least five to seven years, what do you think it would be worth after that time period?
Our first word is the word broker. A broker is actually a person who does the task of linking a potential real estate buyer to someone who sells such property, or a lessee to someone who leases such property, as well. Florida real estate brokers need to obtain a license from the State of Florida first as a requirement. Otherwise, they could not be allowed to operate legally. These brokers earn by receiving a commission from either the property seller or form the one who leases it.
You will always get to hear the word appraisal. This term refers to a report that is formally put into a written one as prepared by a Florida real estate professional. Normally, an appraisal consists of details about the impartial assessment and value of a property. It also includes some details about the estimation and the rationale behind it. In the Florida real estate, an appraisal is something that is compulsory for every property that gets sold.
So instead of wondering if the Florida real estate market hit bottom yet, ask yourself how long you plan to hold on to the Florida real estate. Then, ask yourself if you think the market will rebound by then. If the answer is yes, call me and I will pre-qualify you for a Florida mortgage at a low rate and hook you up with one of my best buyer realtors and I promise, you will be pleasantly pleased.
You have two choices. You can save this article for two years, then read it and kick yourself or you can pick up the phone now and call me to get you a great deal on a purchase loan at a low rate. I have 100% financing available. I have loans for self employed, high debt to income loans, high loan to value loans, low score loans, stated income, no income, no doc, alt doc and loans that close on time!
Bill Burress, the founder and principal broker of Cincinnati Mortgage, LLC has 26 years of experience originating mortgage loans and has enjoyed helping people get a good deal on their mortgages. Cincinnati Mortgage, LLC of Florida approves residential mortgage loans throughout the entire state of Florida and approves commercial mortgages in all 50 states U.S.
But recently real estate for sale has replaced investor interest and initiated an immense 39% drop in properties sold compared to last year. Homes are sitting on the market for 90- 120 days, vastly varied from the 30 day average just a few months ago. Therefore, rates are regressing, rendering real estate reasonably priced once more, relinquishing ruling power to the buyers. Regressing real estate rates do not represent a regional repugnance, but rather a national decline in residential real estate rates as supply has surpassed demand.
In stock market investing there is one very sound rule, "Buy on weakness and sell on strength". This certainly holds true now with Florida real estate. We are at a weak point now in the market. What's keeping many buyers on the sidelines is uncertainty. No one wants to be a sucker. They are probably saying, "What if I buy now and the value decreases"? Look at it this way. Now is probably not the right time to do short term property flipping, however if you can afford to buy Florida real estate at today's prices and hold on to it for five to seven years how much do you think the real estate will appreciate? If you are thinking of buying a primary residence and plan to reside in it for at least five to seven years, what do you think it would be worth after that time period?
Our first word is the word broker. A broker is actually a person who does the task of linking a potential real estate buyer to someone who sells such property, or a lessee to someone who leases such property, as well. Florida real estate brokers need to obtain a license from the State of Florida first as a requirement. Otherwise, they could not be allowed to operate legally. These brokers earn by receiving a commission from either the property seller or form the one who leases it.
You will always get to hear the word appraisal. This term refers to a report that is formally put into a written one as prepared by a Florida real estate professional. Normally, an appraisal consists of details about the impartial assessment and value of a property. It also includes some details about the estimation and the rationale behind it. In the Florida real estate, an appraisal is something that is compulsory for every property that gets sold.
So instead of wondering if the Florida real estate market hit bottom yet, ask yourself how long you plan to hold on to the Florida real estate. Then, ask yourself if you think the market will rebound by then. If the answer is yes, call me and I will pre-qualify you for a Florida mortgage at a low rate and hook you up with one of my best buyer realtors and I promise, you will be pleasantly pleased.
You have two choices. You can save this article for two years, then read it and kick yourself or you can pick up the phone now and call me to get you a great deal on a purchase loan at a low rate. I have 100% financing available. I have loans for self employed, high debt to income loans, high loan to value loans, low score loans, stated income, no income, no doc, alt doc and loans that close on time!
Bill Burress, the founder and principal broker of Cincinnati Mortgage, LLC has 26 years of experience originating mortgage loans and has enjoyed helping people get a good deal on their mortgages. Cincinnati Mortgage, LLC of Florida approves residential mortgage loans throughout the entire state of Florida and approves commercial mortgages in all 50 states U.S.
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