With year round sunshine, swaying palms, pristine beaches and endless things to do you could say that it is always a fantastic time to buy a home in Florida. Add to this the current rock bottom homes prices and historic lows on mortgage interest rates and we havenâ€™t seen such an attractive buyers market in 80 years. Though is there a better time of the year than others for Florida home buyers?
Absolutely. It definitely isnâ€™t the spring or summer when most people start their home shopping. When tax refunds start rolling out at the beginning of the year and everyone is flush withÂ cash, manyÂ seem to have enough liquid cash to put a down payment on a home. This means sellers get inundated with viewings and multiple offers, giving them an extra confidence boost, which makes it likely they will consider raising their asking price or at least be a lot tougher about demanding the terms they want. As late spring and summer arrives the real heat gets turned on in the Florida real estate market as thousands have more time to house shop and want to find a new property to get settled into before the kids go back to school. Again, a surge in buyer volume means more seller confidence and seasonally inflated property prices.
However, as we roll into the late fall and winter many buyers and sellers become preoccupied with the holidays. With few buyers viewing homes and making offers homeowners who desperately want to please their families during the holidays and who donâ€™t want to be evicted due to foreclosure at Christmas lower prices or are even more flexible than ever. It is a great time to lock into a fantastic deal on a new home of condo in Florida and what could make a better present than the keys to a lush Coral Gables estate or trendy South Beach condo?
Written By Tim Houghten www.miamirealtynow.com