Red Reef Realty, Inc.
Palm Beach, Flagler, Martin & Broward County
We've begun to see somewhat of a turn around down here for the better. Most of us that survived the thick of it are very busy at the moment - and Buyers seem to be out again with an increase in Pending sales on the best of the good buys that are available.
We don't have any reason to "spin" anything but I would think that since our lives are the Real Estate market and we've been through the ups and downs, we'd have more experience to speak from than a casual investor. I would say that if anyone 'spins', it would be the media in this market...
If you'd like to set up a somewhat anonymous property notification search on my website, please feel free:
Red Reef Realty Inc.
"...more than half of all the deposits for Miami condos were put down by people planning to flip them for a profit without living in them..."
"A high rate of units contested in court makes buyers nervous about closing and moving into a half-empty complex..."
What is happening,is the entire real estate market is going through a correction. Unfortunately, for the condo market, there exists an excessively large inventory of units currently on the market.
The law of "supply and demand" enters into play.....when supply is excessive price goes down.
Our advice is to not let this process scare you away from purchasing a condo because any time is a good time to buy as long as you are buying the perfect home, in the best location, being offered at a price you can't walk away from.
Hoope this is helpful.
The "Eckler team"
If you were to buy today at the right price- it is safe to say that your investment is secure. Should you not need a mortgage- even better. The worst case scenario is that you buy something that is not marketable, in the event that you want or need to sell quickly.
Know the area in which you paln on buying, have an agent that you trust provide statistical data, buy something that you would enjoy living in!
Aventura â€¢ Bal Harbour â€¢ Sunny Isles Beach
I just posted a very long, very funny, very extensive blog with a total market update on real estate in south Florida.
If you do not need a mortgage then you obviously have less to worry about than most buyers. Since you live in NY, the question needs to be asked, are you relocating? Is this going to be a "second home" where you spend the winters? What are your reasons for wanting to buy a condo in south Florida? Will you be here enough to justify paying a full years worth of maintenance dues and taxes, or if you are only going to be here a short time each year, then you might be better off to just rent for the time that you come down each year.
I will be glad to answer any specific questions that you have. Feel free to contact me via email or on my cell phone, 954-298-1650. Have a great day!
Keller Williams Realty Professionals