Nick

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About Me
RealtorĀ® in West Palm Beach - Quantum One Realty
State Certified Real Estate Appraiser #RD6321

.-=+ A ReatorĀ® with a Mission (Statement) +=-.
"To earn the trust of clients by providing valuable and effective real estate services. To apply our knowledge of real estate markets, financing and contracts for the benefit and protection of our clients in an honest, professional and trustworthy manner. To be known for our integrity and to be appreciated by clients, as they are assured their interests are our priority."
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Nick answered:
Hi Joan, The real estate market in West Palm is offering some good opportunities for investors. After the past few years of drastic appreciation we are now seeing an oversupply of available homes, which makes for a good buyers market. Some homes and condos are available at bargain prices. This is a good time to buy for cash investors, handymans/foreclosures or those looking to hold for a while. West Palm has plenty of condominiums available. Some in more desirable markets than others. Some areas are experiencing an over supply due to preconstuction contracts from a few years when things were 'booming' to say the least. Also, rising foreclosure rates are contrinuting to an oversupply in certain areas. As a RealtorĀ® and Appraiser, I come across quite a few deals in different areas. Some areas I would avoid all together. Where to look really depends on your (or your client's) needs, to find the best fit. An owner occupied unit for someone relocating in the area may be different from an investor looking for a long term investment. Proximity to beaches, malls, hospitals and other amenities are also going to influence to look and thus what kinds of a deal you may be able to fing. A little more information on your (or your client's) needs and purchasing power would be helpful to get a better idea of what is needed. There is a public MLS via the link below. Feel free to browse the MLS resource available there for a general idea, or contact me directly to narrow your search a little further and set up some automated searches and notifications so you can tune into the local market. Hope this helps.! :) - Wed Sep 26 2007, 19:31
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