Wednesday, July 4, 2012
The First Thing On Your Mind Should Be The Location
By Lisa Sandy McCullough
You've heard about the silver lining in the cloud. Well, it's here and we are walking around on it. The problem is, we can't see the forest for the trees. Did you kick yourself for not buying Florida real estate before the big run up in real estate? Do you remember saying, "If I only would have bought when the market was down"? Well, guess what? The market is down. The supply of real estate is high. Short sales, pre-foreclosures and foreclosures are abound in Florida and the prices have come down drastically.
You can get a 3/2 Direct Gulf Access in Cape Coral for under $300,000.00. A 4/2 brand new Cape Coral single family detached short sale listed at $179,000.00. A 2/2 bayfront condo on Seminole Isle on Boca Ciega bay in Tampa for $265,000.00. In Miami, a pre-foreclosure 4 bedroom upscale home with a pool, swim out table and six waterfalls has been reduced $150,000.00 to $369,000. This is listed as an "Investor's short sale". In Orlando a 4/2 short sale for $235,900.00. Listing says 4+ BR.
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.
Furthermore, getting some advices from a lawyer with a good background about the laws involving the real estate should be highly considered before you make the purchase or lease a Florida real estate. They could help you out a lot and the advices they could give you would be more than valuable so do not skip this important step. Aside from that, you should also consider the importance of working with a reliable real estate professional that has a good track record in the Florida real estate market.
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.
Miramar Florida is the second largest city in Broward County. It spans most of the southern border of the county. Miramar Fl is ideally located for both commerce and recreation it is minutes away from downtown Miami and Ft. Lauderdale with magnificent beaches just minutes away. Miramar is located south of Pembroke Pines, and North of Miami Dade County.
Greater Ft. Lauderdale Florida encompasses 23 miles of white sandy beaches stretching along calm, blue Atlantic waters. From baseball to boating to bird watching, Ft. Lauderdale Fl has been refined from what was essentially a beach destination into a vibrant casually sophisticated area. The climate in Ft. Lauderdale Floirda is tropical with an average year-round temperature of 77 degrees and 3,000 hours of sunshine.
You can get a 3/2 Direct Gulf Access in Cape Coral for under $300,000.00. A 4/2 brand new Cape Coral single family detached short sale listed at $179,000.00. A 2/2 bayfront condo on Seminole Isle on Boca Ciega bay in Tampa for $265,000.00. In Miami, a pre-foreclosure 4 bedroom upscale home with a pool, swim out table and six waterfalls has been reduced $150,000.00 to $369,000. This is listed as an "Investor's short sale". In Orlando a 4/2 short sale for $235,900.00. Listing says 4+ BR.
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.
Furthermore, getting some advices from a lawyer with a good background about the laws involving the real estate should be highly considered before you make the purchase or lease a Florida real estate. They could help you out a lot and the advices they could give you would be more than valuable so do not skip this important step. Aside from that, you should also consider the importance of working with a reliable real estate professional that has a good track record in the Florida real estate market.
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.
Miramar Florida is the second largest city in Broward County. It spans most of the southern border of the county. Miramar Fl is ideally located for both commerce and recreation it is minutes away from downtown Miami and Ft. Lauderdale with magnificent beaches just minutes away. Miramar is located south of Pembroke Pines, and North of Miami Dade County.
Greater Ft. Lauderdale Florida encompasses 23 miles of white sandy beaches stretching along calm, blue Atlantic waters. From baseball to boating to bird watching, Ft. Lauderdale Fl has been refined from what was essentially a beach destination into a vibrant casually sophisticated area. The climate in Ft. Lauderdale Floirda is tropical with an average year-round temperature of 77 degrees and 3,000 hours of sunshine.
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