Incredible Buyers Market In Florida

If you have been considering investing in your dream home, waterfront or vacation get away in Florida, now is certainly the time to buy. In the continuing cycle of real estate it is either a Buyers Market or a Sellers Market. Right now, everything, including excellent interest rates is in your favor as a Buyer. Use it to your advantage if you have the means.

The media and general public have hugely misinterpreted the market for so long, and as much as everything continues to change it remains basically the same. I have been in the marketplace for a long time and have experienced challenging times, which I describe as great opportunities. Understand that real estate never looses value, but you cannot think of real estate as the stock market where you can buy today and turn around and sell almost immediately for financial gain. Your home weather primary or secondary is a personal investment that you will enjoy and take pride in for years until it is time to upgrade or downsize.

If you purchased in a Sellers Market where prices were escalated, to turn a profit you will need to hold on to that property until the market comes back up. If you purchased at a good price and want to sell in a Buyers Market you will make a profit regardless. Note that over the past few years we have been able to flip properties only because it has been a very strong Sellers Market (shortage of inventory and high demand), creating almost immediate property value increase. Investors have been purchasing and flipping properties making quick profits, extensive building has been and is being done to keep up with demand and we have reached a point where the inventory of homes and condos is incredible and you can purchase properties at fantastic prices far less than you would have paid in the last few years.

The facts remain that coastal areas will always be in demand and recover quickest from a sluggish real estate market, Florida and California are ranked the most desirable states in the nation in which to live and everything in real estate depends on the market levels, turns, peaks and declines, but prices always continue to rise.

On other positive notes for homeownership, the Florida legislature passed a statutory “Roll Back and Cap” of property tax collections, which has already been signed into law and other tax reforms are being considered which is definitely a step in the right direction for creating the best possible real estate market in Florida.

Most importantly, remember why we so appreciate this sunshine state in which we live. Pinellas County in particular offers all of the ingredients of perfect Florida living and business growth. We have the most incredible beaches, waterways, parks, an International airports and major shipping ports, all within minutes from us. We also have year-round water sports, outdoor activity and entertainment as well as universities, stadiums, sports venues, arts, museums, cultural events and restaurants. The list goes on and on. Who wouldn’t want to live here?